Hemsley, UnitedHealth
Digest more
Top News
Overview
Impacts
1hon MSN
Stephen Hemsley hasn’t been CEO at UnitedHealth Group in nearly a decade yet he’s never really left. Hemsley, 72, has remained chairman and a major shareholder in the health care behemoth — and now is back in the CEO suite and is expected to reinstate his brand of operational and financial discipline that turbocharged the company’s growth.
Hemsley, 72, had led the company for more than a decade until 2017 and is re-taking the reins following a series of setbacks.
Stephen Hemsley ran UnitedHealth Group for more than a decade. It's a different company after four years with Andrew Witty in charge.
UnitedHealth has faced several headwinds in the recent past, ranging from a cyberattack, which had greater than initially realized impacts, to the tragic killing of its CEO, which caused the company to suffer harsh public backlash over the company's and industry practices.
UnitedHealth's stock has plunged nearly 40% year-to-date as the company has battled a series of crises. Can the healthcare giant turn it around? Seeking Alpha analysts weigh in.
Explore more
Even UnitedHealth will struggle to overcome parasitic medical costs that Warren Buffett once called a tapeworm eating away at U.S. economic competitiveness. The $300 billion healthcare conglomerate reinstalled Chairman Stephen Hemsley as CEO and yanked its financial guidance.
British boss of US healthcare giant UnitedHealth quits for ‘personal reasons’ - The move comes five months after one of the company’s top executives was killed after being shot as he walked to an investor conference in New York.
UnitedHealth Group's stock has plunged nearly 50% due to the CEO resignation, withdrawal of guidance, and ongoing legal issues, creating a potential buying opportunity. The stock is deeply oversold with an RSI of 15, trading below both the 200-day and 50-day moving averages, indicating capitulation.