NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating potential claims on behalf of investors in Universal Health Services, Inc. (NYSE: UHS), resulting from a news story issued by BuzzFeed. UHS investors can contact Fei-Lu Qian at 877.370.7703 or email@example.com for more information.
On December 7, 2016, BuzzFeed published a report on its website detailing its year-long investigation into UHS's business. BuzzFeed's investigation was "…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 story also said "Current 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 sometime 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 disclosure, UHS common stock fell $15.01 per share, or nearly 12%, to close at $111.36 per share on December 7, 2016.
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SOURCE Wolf Popper LLP