Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Universal Health Services Inc (NYSE: UHS) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Universal Health Services Inc (NYSE: UHS) concerning whether a series of statements by Universal Health Services Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 7, 2016, an article published by Buzzfeed revealed its investigation into Universal Health, “…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.”The article stated 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, NYSE: UHS dropped $15.01 per share or nearly 12% to close at $111.36 per share on December 7, 2016.
Based in King of Prussia, Pennsylvania, and founded in 1978 Universal Health Services Inc owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers.
If you purchased shares of Universal Health Services Inc (NYSE: UHS) on or before December 7, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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