Tag Archives: profit

Couple sentenced for scheme to steal from US children’s hospital to profit in China

A Chinese-born husband and wife who became U.S. citizens have been sentenced in a conspiracy to steal sensitive medical research from Nationwide Children’s Hospital in Ohio while being financially supported by the Chinese government, with the couple pursuing the goal of selling the stolen secrets for a profit in China. Yu Zhou, 51, and Li… Read More »

UHS grows profit, even as DOJ settlement fund hits $90 million

Universal Health Services grew its third-quarter profit by nearly 22% year-over-year, the investor-owned hospital chain announced Thursday. The King of Prussia, Pa.-based company 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… Read More »