UHS Compensation Committee Approves $2.7M Bonus for CEO Alan Miller

Alan Miller, CEO and chairman of King of Prussia, Pa.-based Universal Health Services, and four other UHS executives are reaping the rewards of a strong 2011 fiscal year, as the UHS compensation committee authorized payment of annual incentive bonuses last month, according to documents from the U.S. Securities and Exchange Commission.

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Mr. Miller, who founded the company, received the largest UHS bonus for 2011 at $2.72 million, which is 194 percent of his 2011 base salary. Last year, UHS recorded a profit of $398.2 million on $7.5 billion of revenue, far above 2010 totals of $230.2 million in profit and $5.57 billion in revenue.

Marc Miller, president of UHS and son of Alan Miller, received the second-highest incentive bonus for 2011 at $703,035. Senior Vice President Debra Osteen received $521,082, CFO Steve Filton received $456,887 and Vice President of Development Richard Wright received $61,447.

UHS is expected to release final executive compensation figures in a separate proxy disclosure within the next month.

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