Alan B. Miller

Alan B. Miller
Born (1937-08-17) August 17, 1937 (age 87)
Brooklyn, New York City, U.S.
Alma materCollege of William and Mary
Wharton School of the University of Pennsylvania
OccupationBusinessman
Known forFounder and Executive Chairman Universal Health Services

Alan B. Miller (born August 17, 1937) is an American businessman who is the founder of Universal Health Services, and currently[when?] serves as the company's executive chairman. Miller founded the company in 1979 and it has grown to become a large provider of hospital and healthcare services in the US and the UK. In September 2020, UHS announced that Miller would step down as CEO.[1]

Early years

Miller was born in Brooklyn, New York City, New York on August 17, 1937. His father owned a dry cleaner store and his mother worked for a millinery company. As a youth, Miller enjoyed playing sports and worked for a delivery clerk for a grocery store. He also worked for Western Union.[2]

Career

In 1973, the company was in financial trouble and Miller's partner had left the company. Miller took over as CEO of American Medicorp and engineered a turnaround that brought attention within the healthcare industry. American Medicorp became the target of a hostile takeover by Humana in 1978.[2]

Miller transformed Universal Health Services, Inc. from a start-up company that had six employees and zero revenue in 1979 into a Fortune 500 company that is one of the nation's[which?] largest healthcare corporations.[citation needed]

In September 2020 UHS announced that Alan B. Miller would step down as CEO.[1]

Awards

In 1999, Miller received the William & Mary Medallion, the highest award presented to alumni. In October 2007, the college awarded him the T.C. and Elizabeth Clarke Business medallion, the school's highest honor for business achievement.[3] Miller received the George Washington University President's Medal in 2002. He also received the Chairman's Award from the United Negro College Fund. In 2010, Miller received the Horatio Alger Award from the Horatio Alger Association.[4][5] In 2019, Miller was presented with the Distinguished Citizen Award from the Freedoms Foundation of Valley Forge, Pa. for his commitment to healthcare, serving others, and his civic leadership.[6] In 2019, Alan B. Miller received the Distinguished Civilian Award from the Ben Franklin Global Forum in recognition of his leadership and accomplishments in providing behavioral healthcare to active duty military, veterans and their families.[7][8]

Miller has been the list of Modern Healthcare magazine's "100 Most Powerful People in Healthcare" for 17 consecutive years since 2003.[9]

CEO

Financial World magazine listed Miller among the Outstanding 1000 CEOs in 1995 and 1996. In October 2014, Miller was awarded the Innovator Award, Healthcare CEO of the Year by Philadelphia Business Journal.[10] In May 2015, Miller was named to Wall Street Journal's "America's Longest-Serving CEO's."[11] In 2015, Miller was also named among CR Magazine's 2015 Responsible CEOs of the Year.[12] In 2019, Alan B. Miller was named to the Forbes "America's Most Innovative Leaders" ranking (#95). The ranking is created by the Forbes editorial team.[13] In 2019, Alan B. Miller was named to the Philadelphia Business Journal 2019 Most Admired CEOs list.[14] In 2019, Alan B. Miller was named to the Fox Business list of 10 military veterans who became CEOs of Fortune 500 companies.[15] In 2020, Alan B. Miller was highlighted in Wall Street Journal article: New Thinking Emerges on Optimal Tenure for a CEO.[16] In 2020, Alan B. Miller was named to the longest living CEOs globally in the S&P 500 by International Business Times.[17]

References

  1. ^ a b "Universal Health Services, Inc. Announces Founder Alan B. Miller Plans to Step Down as CEO in January 2021, Continue as Executive Chairman of the Board; Marc D. Miller, President, Appointed Chief Executive Officer". Universal Health Services Inc. Archived from the original on January 16, 2021. Retrieved December 28, 2020.
  2. ^ a b Caring Long Term (22 November 2010) Forbes, p. 44
  3. ^ Buck, Ellen (October 19, 2007). "Miller receives Mason School's Clarke Medallion". The College of William & Mary website. Archived from the original on June 20, 2010. Retrieved April 6, 2011.
  4. ^ "Q&A: Horatio Alger Association To Honor Brooklyn-Born Exec". Brooklyn Eagle. March 17, 2010. Retrieved April 6, 2011.
  5. ^ "Alan B. Miller to be Inducted into Horatio Alger Association in April for Achieving the American Dream". Horatio Alger Association website. Washington. March 10, 2010. Archived from the original on July 26, 2011. Retrieved April 6, 2011.
  6. ^ "Distinguished Citizen: Alan B. Miller". Freedoms Foundation. April 2, 2019. Archived from the original on May 3, 2019.
  7. ^ "Alan B. Miller Named Distinguished Civilian for 2019". Universal Health Services Inc. December 17, 2019. Archived from the original on December 19, 2019.
  8. ^ "Fact sheet" (PDF). Universal Health Services Inc. 2019. Archived from the original (PDF) on June 30, 2022. Retrieved November 23, 2020.
  9. ^
  10. ^ "Innovation Awards: Health Care CEO of the Year". Philadelphia Business Journal. October 24, 2014.
  11. ^ Feintzeig, Rachel (May 2015). "52 Years and Counting: America's Longest-Serving CEOs". Wall Street Journal.
  12. ^ "CR Magazine Announces 2015 Responsible CEO of Year Award and Lifetime Achievement Award Finalists". PR Newswire. September 30, 2015. Retrieved September 30, 2015.
  13. ^ "Alan Miller". Forbes.
  14. ^ "Most admired CEO's". www.bizjournals.com. 2019. Retrieved November 23, 2020.
  15. ^ Schmidt, Ann (November 8, 2019). "10 military veterans who became Fortune 500 CEOs". FOXBusiness.
  16. ^ Cutter, Chip (February 3, 2020). "New Thinking Emerges on Optimal Tenure for a CEO". Wall Street Journal. Archived from the original on May 23, 2022.
  17. ^ Vultaggio, Maria (February 26, 2020). "Infographic: Long Live Buffett". International Business Times. Archived from the original on July 3, 2022.

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