Universal Health Services grew
its third-quarter profit by nearly 22% year-over-year. The King of Prussia, Pa.-based investor-owned system reported $171.7 million in net income during the quarter, up from $141.2 million during the same period in 2017. Net revenue rose by 4.2% to $2.65 billion, compared with $2.54 billion in the prior-year period. The company’s third-quarter results include a $48 million pre-tax addition to the reserve it established in connection with a Justice Department investigation into false claims. When the company reported its secondquarter earnings in July, the reserve contained $43 million. As of Sept. 30, the reserve was roughly $90 million.