FORT LAUDERDALE, Fla., Dec. 08, 2016 (GLOBE NEWSWIRE) -- (Attorney Advertising) Salpeter Gitkin is investigating potential claims on behalf of investors in Universal Health Services, Inc., resulting from a news story issued by BuzzFeed. UHS investors can contact James P. Gitkin at 800.675.4128 or jim@salpetergitkin.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.
Salpeter Gitkin, LLP is a civil litigation and transactional law firm handling cases throughout the United States. Its principal areas of practice include shareholder and consumer class actions, serious personal injury, complex commercial ligation, and real estate litigation and transactions. The firm is currently investigating and litigating various shareholder claims against major corporations. More information on the firm and its lawyers can be found at www.salpetergitkin.com.