LOS ANGELES–(BUSINESS WIRE)–Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the February
21, 2017 deadline to file a lead plaintiff motion in the class
action filed on behalf of a class (the “Class”) of investors who
purchased Universal Health Services, Inc. (“Universal Health” or the
“Company”) (NYSE: UHS)
securities between February 26, 2015 and December 7, 2016,
inclusive (the “Class Period”). Universal Health investors have until February
21, 2017 to file a lead plaintiff motion.

According to the lawsuit, throughout the Class Period Defendants made
false and/or misleading statements and/or failed to disclose that: (1)
Universal Health admitted patients based on its own financial
considerations and not upon the medical necessity of the patient; (2)
Universal Health would keep patients admitted until their insurance
payments ran out in order to ensure the maximum payment for its
services; (3) as a result, Universal Health’s revenues from inpatient
care relied on unsustainable practices; (4) in turn, Universal Health
lacked effective internal control concerning its practices and policies
of admitting patients; and (5) as a result, Universal Health’s public
statements were materially false and misleading at all relevant times.

On December 7, 2016, Buzzfeed published an investigative story on
Universal Health alleging, among other things, that Universal Health put
profits ahead of people, “by filling 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 $15.01
per share, or nearly 12%, from its previous closing price to close at
$111.36 per share on December 7, 2016, damaging investors.

If you purchased Universal Health shares, you may move the Court no
later than February 21, 2017 to request appointment as lead
plaintiff. To be a member of the class you need not take any action at
this time; you may retain counsel of your choice or take no action and
remain an absent member of the Class. If you wish to learn more about
this action, or if you 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 [email protected],
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.