NEW YORK, Dec. 8, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Universal Health Services, Inc. ("UHS" or the "Company") (NYSE: UHS).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that several psychiatric facilities within the for-profit hospital system kept patients longer than medically necessary in order to increase their profits from insurance payments.
Specifically, on December 7, 2016, BuzzFeed published a year-long investigative story based on interviews with 175 current and former UHS staff alleging that several UHS's psychiatric facilities across the country were systematically understaffed and operated under a profit model that exaggerated patients' symptoms in order to keep them in treatment.
Request more information now by clicking here: www.faruqilaw.com/UHS. There is no cost or obligation to you.
If you invested in UHS stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/UHS. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding UHS's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/uhs-notification-faruqi--faruqi-llp-encourages-investors-who-suffered-losses-in-excess-of-100000-investing-in-universal-health-services-inc-to-contact-the-firm-300375697.html
SOURCE Faruqi & Faruqi, LLP