Brian Thompson, CEO of UnitedHealthcare, was shot and killed in a targeted attack outside the Hilton Hotel in Manhattan before an investor meeting. The police are actively searching for the perpetrator, who fled on an electric rental bike, while the motive remains unclear amidst speculation of industry-related tensions. Despite the tragedy, UnitedHealthcare's stock showed stability, with analysts maintaining a positive long-term outlook for the company.
UnitedHealthcare CEO Brian Thompson was fatally shot in a targeted attack near the New York Hilton Hotel in Midtown Manhattan this morning. The gunman, who reportedly waited for Thompson's arrival, fired multiple shots from 20 feet away, striking him in the chest and leg. Thompson was taken to Mount Sinai Hospital in critical condition but was later pronounced dead; no arrests have been made, and the investigation is ongoing.
UnitedHealthcare CEO Brian Thompson was shot and killed in a targeted attack in Manhattan early Wednesday morning, just before the company's annual investor conference. The NYPD is offering a $10,000 reward for information on the shooter, who fled the scene on a bicycle. Thompson, 50, was pronounced dead shortly after being transported to the hospital, prompting an outpouring of condolences from industry leaders.
Brian Thompson, CEO of UnitedHealthcare, was fatally shot in New York City on December 4, 2024, before the company's annual investor conference. A masked assailant fired multiple shots at Thompson outside a Hilton hotel, leading to his critical condition and subsequent death at Mt. Sinai hospital. The investigation is ongoing, with no arrests made yet.
A cyberattack on Change Healthcare compromised the protected health information of at least 100 million individuals, marking it as the largest breach at a HIPAA-regulated entity. The ransomware attack, which occurred on February 21, disrupted claims payments for numerous healthcare providers. UnitedHealth Group, which acquired Change for $13 billion, confirmed it paid a $22 million ransom in bitcoin to safeguard patient data.
UnitedHealth Group's stock fell nearly 8% after its earnings report revealed a profit of $6.06 billion for Q3 2024, up from $5.8 billion a year prior, but a significant drop in year-to-date profits. Despite beating revenue expectations with $100.8 billion, the company faces ongoing challenges in Medicare Advantage and Medicaid, with headwinds expected to persist into 2025. Membership growth in commercial offerings and strong performance from Optum units contributed to overall revenue increases, but the outlook remains cautious amid regulatory pressures and market disruptions.
UnitedHealth Group's Q3 earnings reflect the ongoing impact of the Change ransomware attack, with operational earnings of $8.7 billion, including $0.3 billion in cyberattack effects. The adjusted earnings outlook remains stable despite an estimated $0.75 per share in business disruption impacts. The medical cost ratio rose to 85.2%, influenced by Medicare funding cuts and increased specialty medication prescriptions.
UnitedHealth Group's 2025 profit forecast fell short of Wall Street expectations, predicting a maximum of $30 per share, below the $31.18 estimate. The company cited pressures from government-supported health insurance, rising medical costs, and payment cuts for Medicare and Medicaid plans. Shares dropped 8%, impacting rivals like Humana and CVS Health, as the insurer also adjusted its 2024 profit forecast downward due to a cyberattack's financial repercussions.
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