UnitedHealth Group

Attorney General Griffin announces investigation of Change Healthcare, Inc., a unit of UnitedHealth Group, following cyberattack

LITTLE ROCK – Attorney General Tim Griffin today issued the following statement announcing that his office is initiating an investigation of Change Healthcare, Inc., a unit of UnitedHealth Group, under the Arkansas Personal Information Protection Act and the Arkansas Deceptive Trade Practices Act in light of a February cyberattack:

“I am initiating an investigation into Change Healthcare, Inc., a unit of UnitedHealth Group, to determine whether the confidential medical information of Arkansans was compromised in the late February cyberattack against Change Healthcare and whether any laws were violated. Additionally, my office will look into whether Change Healthcare used reasonable security procedures and practices to protect this information as required by Arkansas law.

“Protecting Arkansans’ personal information and holding organizations accountable for data breaches are two of my responsibilities under Arkansas law.”

The ransomware attack has disrupted billing and healthcare information systems across the country and has threatened hospitals’ ability to care for patients and pay physicians. Earlier this month, the U.S. Department of Health & Human Services announced that it will investigate the cyberattack, citing its “unprecedented magnitude.”

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Walmart issues $5 billion in new debt; partners with UnitedHealth Group

Walmart seeks to raise $5 billion in operating capital through four separate bond issues ahead of expected Federal Reserve interest rate hike. Also, the Bentonville-based retailer announced Wednesday (Sept. 7) a partnership with UnitedHealth Group.

A filing with the U.S. Securities and Exchange Commission showed the bonds include $1.75 billion at 3.9% due in 2025, $1 billion at 3.95% due in 2027, $1.25 billion at 4.15% due 2032 and $1 billion at 4.5% due 2052. Walmart should net roughly $4.971 billion from the bonds. Walmart debt is rated AA by Standard & Poor’s and Aa2 by Moody’s, each seen as Prime credit level quality.

Other retailers have also issued debt to raise capital ahead of higher interest rates many think are coming when the Federal Open Market Committee meets Sept 20. Wall Street expects the Fed to raise rates 0.75% following the meeting. Target recently issued $1 billion in bonds due in 2032, and McDonald’s announced bond issues totaling $1.5 billion due in 2032 and 2052. In April, Amazon sold $12.75 billion of investment-grade bonds for general corporate purposes.

https://talkbusiness.net/2022/09/walmart-issues-5-billion-in-new-debt-partners-with-unitedhealth-group/

A Walmart Health Clinic coming to Rogers at Store No. 1 at 2110 W. Walnut Street.