Cases
Universal Health Services, Inc. (UHS)
Securities Class Action
Overview
Overview
- Date:
- 12/12/2016
- Company Name:
- Universal Health Services, Inc.
- Stock Symbol:
- UHS
- Status:
- Closed/Complete
NEW YORK, December 12, 2016 – Bragar Eagel & Squire, P.C. is investigating potential claims against Universal Health Services, Inc. (NYSE: UHS) concerning possible violations of the federal securities laws.
Universal Health owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers.
On December 7, 2016, BuzzFeed published the results of a yearlong investigation “. . . based on interviews with 175 current and former UHS staff, including 18 executives who ran UHS hospitals; more than 120 additional interviews with patients, government investigators, and other experts; and a cache of internal documents.” According to the report, “[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, Universal Health shares declined $15.01 per share on December 7, 2016.
If you own Universal Health securities or continue to hold shares purchased, 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 Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
Universal Health owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers.
On December 7, 2016, BuzzFeed published the results of a yearlong investigation “. . . based on interviews with 175 current and former UHS staff, including 18 executives who ran UHS hospitals; more than 120 additional interviews with patients, government investigators, and other experts; and a cache of internal documents.” According to the report, “[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, Universal Health shares declined $15.01 per share on December 7, 2016.
If you own Universal Health securities or continue to hold shares purchased, 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 Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.