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HCA Healthcare appoints new CIO as veteran retires

EditorRachael Rajan
Published 02/05/2024, 09:25 AM
Updated 02/05/2024, 09:25 AM
© Reuters.

NASHVILLE - HCA Healthcare, Inc. (NYSE:HCA), a prominent healthcare service provider, has announced the appointment of Chad Wasserman as the new senior vice president and chief information officer, effective February 1, 2024. Wasserman succeeds P. Martin Marty Paslick, who is retiring after a 38-year tenure with the company.

Wasserman, who has been with HCA Healthcare for nearly three decades, will oversee the Information Technology Group (ITG), which includes more than 6,700 colleagues. His responsibilities will encompass global IT strategy and the implementation of solutions such as infrastructure, cloud computing, automation, and data engineering, as well as overseeing software development, enterprise systems, and clinical technology initiatives.

Sam Hazen, CEO of HCA Healthcare, expressed confidence in Wasserman's proven track record of driving technology solutions and his ability to lead the company's expanding digital agenda.

Previously, Wasserman held various senior leadership roles within the company, including senior vice president and chief operating officer for ITG, and prior to that, chief information officer of Parallon Business Performance Group.

Paslick, the outgoing CIO, is credited with significant technological advancements during his 11-year stint as CIO, including the deployment of one of the country's largest iOS platforms for over 93,000 nurses and the launch of HCA Healthcare's Clinical Data Warehouse.

HCA Healthcare, headquartered in Nashville, operates 186 hospitals and approximately 2,400 ambulatory sites of care across 20 states and the United Kingdom.

The information in this article is based on a press release.

InvestingPro Insights

In light of the recent executive changes at HCA Healthcare, Inc., investors and industry observers are closely monitoring the company's performance metrics and strategic moves. According to InvestingPro data, HCA Healthcare boasts a robust market capitalization of $82.82 billion, underscoring its significant presence in the healthcare sector. The company's P/E ratio stands at an attractive 16.46, with an adjusted figure of 15.78 for the last twelve months as of Q4 2023, indicating a potentially favorable valuation compared to industry peers.

Furthermore, HCA Healthcare's commitment to shareholder returns is evident through its consistent dividend growth, having raised its dividend for three consecutive years. This, combined with a noteworthy return of 7.91% over the last week and a strong 34.35% return over the last three months, suggests a positive short-term performance trend.

InvestingPro Tips highlight HCA Healthcare's aggressive share buyback strategy and the upward revision of earnings estimates by 9 analysts for the upcoming period, which could signal confidence in the company's future financial performance. While the Relative Strength Index (RSI) suggests the stock is currently in overbought territory, the company's stock price is trading near its 52-week high, reflecting strong investor sentiment.

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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