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UHS Execs Over-Admitted Patients For Profit, Investor Says

Law360, New York (May 15, 2017, 3:08 PM EDT) -- Universal Health Services’ senior executives and directors have knowingly overlooked the hospital operator’s over-admittance of patients and wrongly billed government agencies for the fees, artificially boosting the price of shares that executives and directors then sold at a profit, according to a derivative complaint filed Friday in Pennsylvania federal court.

The Central Laborers’ Pension Fund said UHS’ board of directors and certain senior executives ignored warnings that the company was over-admitting patients and charging Medicare and Medicaid for the services in violation of the False Claims...
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