Universal Health Services shares slip on report of broader federal probe

Shares of Universal Health Services Inc. declined in the extended session Tuesday following a report that the Federal Bureau of Investigation and the Defense Department have launched probes into the hospital operator. Universal Health Services shares declined 3% to $115.25 after hours. In addition to a 2013 probe launched by the Department of Health and Human Services, the FBI and Defense Department are now looking into whether UHS directed hospitals to keep patients for as long as insurance would cover rather than for medical need, according to BuzzFeed News.

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From:: Stock Market News

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