Glancy Prongay & Murray LLP Commences Investigation on Behalf of Universal Health Services, Inc. Investors
December 15 2016 - 12:20PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of Universal Health Services, Inc.
(“Universal Health” or the “Company”) (NYSE: UHS) investors
concerning the Company and its officers’ possible violations 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 Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161215006062/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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