Healthcare DIVE April 2, 2024
Universal Health Services’ exposure from the case could be around $385 million, according to analysts.
Dive Brief:
- An Illinois-based subsidiary of for-profit hospital operator Universal Health Services was ordered by a jury to pay $535 million after an assault occurred at one of its psychiatric facilities.
- The size of the damages levied against Pavilion Behavioral Health System was “unexpected” and “unprecedented” for a lawsuit of its type in Champaign County, Illinois, UHS said in a Monday filing with the Securities and Exchange Commission.
- Pavilion has professional liability insurance to cover some of the amount, and also plans to challenge the verdict in post-trial proceedings and on appeal. However, the final damages awarded could “have a material adverse effect”...