Unitedhealth is referring to the social post of Bill Ackman to the US keeper of value papers
Unlock free Digest editor
Roula Khalaf, editor of FT, chooses her favorite story in this weekly newsletter.
Unitedhealth Group expressed concern with the best US securities regulator for posting on social media by activist investor Bill Ackman, who argued that the health group could get their profit.
Ackman, the founder of the billionaire Hedge Fund Pershing Square Capital Management, said on Tuesday on the social media platform X: “If I still brief stock, BIH United Healthcare. IN [Securities and Exchange Commission] The company should be thoroughly explored. “
“I would not be surprised to determine that the profitability of the company was massively overrated due to the denial of medically needed procedures and care for patients,” he added. Ackman deleted the post.
“Health insurance has long been susceptible to significant regulatory supervision and limitations of earnings,” Unitedhealth said. “Any claim that health insurers, who usually have low to medium -sized margins, can somehow excessively non -informed about the structure and strong regulatory supervision of the sector.”
A person close to Unitedhealth said the health group sent Ackman’s comments to SEC, a US security of securities. Stocks in Unitedhealth fell 2.2 percent on Wednesday, which gave the group a market value of just over $ 490 billion.
Ackman’s representative refused to comment. Sec refused to comment.
Ackman has a long history of using social media and public performances to make provocative and often market statements, for which he has aroused controversy.
At the beginning of a pandemia in March 2020He declared “hell comes” and recommended a global locking to combat the virus in an appearance at the CNBC who was knocking on markets.
Ackman, however, has been criticized for publishing his public proclamations at about the same time when he had a great bet that he would fight US companies to pay for his debts.
His Parching Square Fund earned $ 2.6 billion at Sudoomday Hedges, which he put on events markets quickly glued. Ackman has never been charged with injustice.
The billionaire investor also bet against individual companies, often leading public presentations to draw his research.
Currently, Ackman does not have a short bet according to the market or individual companies, according to public publication with Pershing Square.