[February 02, 2017]

February 21 Deadline Alert: Law Offices of Howard G. Smith Reminds Universal Health Services, Inc. Investors of Upcoming Lead Plaintiff Deadline and Encourages Investors to Contact the Firm

Law Offices of Howard G. Smith reminds investors of the upcoming February 21, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class of investors who purchased or otherwise acquired 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.

On December 7, 2016, BuzzFeed issued a report revealing the results of its investigation into Universal Health. According to the report, employees from Universal Health hospitals 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." /p>

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. 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170202005560/en/

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