NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Universal Health Services, Inc. (NYSE: UHS) (“Universal Health”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On December 7, 2016, Buzzfeed published a report detailing an investigation into Universal Health. This report states that “[c]urrent and former employees from at least 10 UHS hospitals in nine states said they were under pressure to fill beds by almost any method–which sometimes meant exaggerating people’s symptoms or twisting their words to make them seem suicidal–and to hold them until their insurance payments ran out.” Following this news, shares of Universal Health fell $15.01 per share or nearly 12% to close at $111.36 per share on December 7, 2016. To obtain additional information, go to:
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