From naming a new CFO to announcing it is complying with criminal and civil investigations into its Medicare Advantage business, here are 12 updates on UnitedHealth Group and its subsidiaries that Becker’s has reported since July 15:
1. U.S. Sens. Bill Cassidy (R-La.) and Maggie Hassan (D-N.H.) are demanding answers from UnitedHealth Group following another cyberattack on one of the company’s subsidiaries.
2. Change Healthcare increased the number of people estimated to be affected by a 2024 cyberattack to nearly 193 million.
3. UnitedHealth Group named Wayne DeVeydt as its new chief financial officer, effective Sept. 2. John Rex, who has been CFO since 2016, will become a strategic advisor to CEO Stephen Hemsley on the same date.
4. CMS granted a special Medicare enrollment period for individuals affected by the July contract disagreement between UnitedHealthcare Medicare Advantage and Providence, R.I.-based Brown University Health.
5. Fitch affirmed UnitedHealth Group’s “AA-” rating but revised the company’s outlook to negative from stable.
6. Healthcare providers have repaid nearly two-thirds of the loans disbursed by UnitedHealth Group following the 2024 cyberattack on its claims processing subsidiary, Change Healthcare.
7. UnitedHealth Group CEO Stephen Hemsley opened the company’s second quarter earnings call with a candid message to investors: the organization has made pricing and operational mistakes and is now taking on a “tone of change and reform.”
8. UnitedHealth Group posted a net profit of $3.4 billion in the second quarter of 2025, down from $4.2 billion during the same period last year. The company also set a new 2025 earnings guidance after suspending its outlook in May.
9. UnitedHealth Group is complying with criminal and civil investigations into its Medicare Advantage business, the company said in a July 24 regulatory filing.
10. Amazon’s streaming service pulled a documentary critical of pharmacy benefit managers after receiving a legal threat from UnitedHealth Group.
11. As of the third quarter of 2024, UnitedHealth Group was composed of 2,694 subsidiaries across a broad range of sectors and categories, according to the “Sunlight Report,” published by Center for Health & Democracy and funded by Arnold Ventures.
12. UnitedHealth Group discreetly sold stakes in some of its business units to private equity firms near the end of 2024 in an effort to extend its long-running profit streak despite mounting internal cost pressures, Bloomberg reported
