BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Universal Health Services, Inc. (“Universal Health” or the “Company”) (NYSE: UHS) investors concerning the Company and its officers’ potential violation of federal securities laws.
Universal Health, through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.
On December 7, 2016, BuzzFeed issued a report revealing the results of its investigation into Universal Health. BuzzFeed’s investigation was based upon interviews with current and former Universal Health employees, including executives who had operational responsibilities in hospitals. The investigation also included interviews with patients and government investigators. According to the report, employees from Universal Health hospitals 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.”
On this news, shares of Universal Health fell over 12% to close at just $111.36 per share on December 7, 2016.
If you purchased Universal Health securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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