Alan B. Miller '58 DPS '14
Chairman & Chief Executive Officer, Universal Health Services, Inc.
Alan B. Miller is Chairman and CEO of Universal Health Services, Inc. (NYSE: "UHS"), which he founded in 1979. UHS, a Fortune 500 company (293), is also one of the largest providers of hospital and healthcare services in the nation. It owns and operates more than 350 facilities in 37 states, Washington, DC, Puerto Rico, and the United Kingdom. Annual revenues of the company exceed $10 billion. Mr. Miller also serves as Chairman of the Board, CEO and President of Universal Health Realty Income Trust (NYSE: "UHT"). UHT is a REIT that he founded that currently has investments in 65 properties located in 20 states. Prior to founding UHS, Mr. Miller was Chairman and CEO of American Medicorp Inc., a pioneering hospital management company.
Mr. Miller has received numerous awards for his business and charitable activities. Most recently, in 2019, he received the Distinguished Civilian Award from the Ben Franklin Global Forum in recognition of the company's Patriot Support Program, which provides behavioral healthcare for active-duty military, veterans, and their families. Mr. Miller was also named to the Forbes "America's Most Innovative Leaders" list. He has been named by Modern Healthcare as one of the "100 Most Influential People in Healthcare" for the last 17 years: 2003-2019.
Mr. Miller was named Entrepreneur of the Year in 1991, and Financial World named him CEO of the Year in hospital management. In 1992 he was awarded an Honorary Doctorate from the University of South Carolina and received the George Washington University President's Medal in 2002. He received the Chairman's Award from the United Negro College Fund, the Americanism Award of ADL, and the Ellis Island Medal of Honor. In 1999, he was presented with the first Lifetime Achievement Award of the Federation of American Hospitals, who honored him for his many years of industry leadership.
Both Fortune Magazine and The Wall Street Journal noted Universal Health Services as having the highest return to shareholders (38%) of all healthcare providers for the ten years 1990-2000. For the period 1992-2002, UHS also led the category at 29%. In 2014, the company was recognized by J.P. Morgan as a historical extreme winner among select stocks that generated the highest excess lifetime returns over the Russell 3000 Index and was added as a component of the S&P 500 Index. In May 2015, the Wall Street Journal ranked Mr. Miller as the third longest-tenured CEO and for achieving 3,715 percent total shareholder returns since 1995. In 2017, Forbes magazine ranked UHS 275 in its inaugural list of America's Top 500 Companies.
Mr. Miller is a past Trustee of the Penn Mutual Life Insurance Company, a Director of the Philadelphia Regional Performing Arts Center (Kimmel) and Chairman Emeritus of the Opera Company of Philadelphia.
At graduation from William & Mary, he was commissioned in the U.S. Army and served in the 77th Infantry Division. He served as a trustee of the William & Mary Endowment Fund and is a life member of the school's President's Council. He has received high honors from the University, including William & Mary Alumni Medallion, the University's highest alumni award in 1999, and the Clarke Medallion, the highest honor presented by the Business School in 2007. The University's School of Business relocated to the newly constructed Alan B. Miller Hall in 2009, and the Alan B. Miller Entrepreneurship Center opened in 2010. Mr. Miller is a Horatio Alger award recipient and a member of the Business Roundtable. He was also awarded an honorary degree of Doctor of Public Service from the University in 2014.
Mr. Miller earned his MBA degree from the Wharton School of the University of Pennsylvania. He served on the Board of Overseers and the school's Executive Board.
