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Universal Health Services, Inc. (
Q4 2011 Earnings Call
February 28, 2012 9:00 am ET
Steve Filton - SVP and CFO
Alan Miller - CEO
A.J. Rice - Susquehanna Financial Group
Adam Feinstein - Barclays Capital
Tom Gallucci - Lazard Capital Markets
Ralph Giacobbe - Credit Suisse First Boston
Justin Lake - UBS Securities
Gary Lieberman - Wells Fargo Securities
Kevin Fishbeck - Bank of America-Merrill Lynch
Darren Lehrich - Deutsche Bank
Christine Arnold - Cowen & Co.
Whit Mayo - Robert W. Baird
Kimberly Purvis - Cross Current Research
At this time, I would like to welcome everyone to the Q4 earnings conference call. (Operator Instructions) Thank you. I would now like to turn the call over to your host Mr. Filton. Sir, you may begin.
Thank you and good morning. I am Steve Filton. Alan Miller, our CEO, is also joining us this morning. Welcome to this review of Universal Health Services results for the full year and fourth quarter ended December 31, 2011.
During this conference call Alan and I will be using words such as believes, expects, anticipates, estimates, and similar words that represent forecast projections and forward-looking statements. We recommend a careful reading of the section on risk factors and forward-looking statements and risk factors in our Form 10-K for the year ended December 31, 2011. We would like to highlight just a couple of developments and business trends before opening the call up to questions.