Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

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.

For those looking to delve deeper into HCA Healthcare's investment potential, the InvestingPro platform offers additional insights. Subscribers can access a wealth of information, including 13 more InvestingPro Tips for HCA Healthcare, by visiting https://www.investing.com/pro/HCA. To make the most of the special New Year sale, with a discount of up to 50%, use coupon code SFY24 for an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 for an additional 10% off a 1-year subscription.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.