Universal Health Falls as Jury Rules Against, Awards Damages (1)

(Updates with shares, adds analyst comments.)

Universal Health Services drops as much as 4.7% after the hospital chain said a jury awarded damages of $535 million against its indirect subsidiary, Pavilion Behavioral Health System, in a lawsuit.

• Pavilion Behavioral Health System, is a defendant in a lawsuit filed in Champaign County, Illinois, relating to the sexual assault of one minor patient by another minor patient in 2020
  • Jury awarded plaintiff compensatory damages of $60 million and punitive damages of $475 million on March 28
• Universal Health says, “magnitude of this verdict was unexpected and is unprecedented for a single-plaintiff injury ...