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Kevin Iinuma / U.S. Air Force

Universal Health Services, the country's largest chain of behavioral health hospitals, does not believe Buzzfeed's investigative series into its billing practices, admissions standards and violent culture has had an effect on its business. The company has not seen changes in behavior from referring doctors or people who work at UHS facilities, CFO Steve Filton told investors Wednesday.

"The single biggest external reaction that we've gotten to the media reporting has been from the investor community, not from clinicians themselves. I think clinicians have tended to discount that reporting as being largely anecdotal and not an accurate depiction."

OK, but: UHS' stock price has fallen more than 6% since Buzzfeed's first investigation was published in December. The CtW Investment Group, a pension fund adviser tied to unions, also sent a letter last Friday asking UHS shareholders to change the company's "outdated and entrenched" board over concerns from the reports.

Go deeper

2 hours ago - Health

Beware a Thanksgiving mirage

Illustration: Sarah Grillo/Axios

Don't be surprised if COVID metrics plunge over the next few days, only to spike next week.

Why it matters: The COVID Tracking Project warns of a "double-weekend pattern" on Thanksgiving — where the usual weekend backlog of data is tacked on to a holiday.

Trump pardons Michael Flynn

President Trump with Michael Flynn in 2016. Photo: David Hume Kennerly/Getty Images

President Trump on Wednesday pardoned his former national security adviser Michael Flynn, who pleaded guilty in the Mueller investigation to lying to FBI agents about his conversations with a former Russian ambassador.

Why it matters: It is the first of multiple pardons expected in the coming weeks, as Axios scooped Tuesday night.