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

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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. 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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