UnitedHealth Group CEO Stephen Hemsley, who replaced Andrew Witty, said he has the right strategy in place “for the era ahead.”

(Reuters) -UnitedHealth Group CEO Stephen Hemsley will get an annual base salary of $1 million and a one-time $60 million equity award as he returns to the top role at a tough time for the healthcare conglomerate.

Stephen Hemsley is resuming duties as chief executive at health care giant UnitedHealth Group in a surprise transition as the company’s recent financial woes have intensified. Current CEO Andrew Witty stepped down for personal reasons,

Stephen Hemsley ran UnitedHealth Group for more than a decade. It's a different company after four years with Andrew Witty in charge.

UnitedHealth Group stock has plummeted since my last Buy rating and is ~55% off highs, but its lower valuation now offers a significant margin of

UnitedHealth Group faces a significant setback as its shares fall by nearly 13% following reports of a Department of Justice investigation into potential Medicare fraud. This crisis comes amid other challenges like the CEO's departure and withdrawal of forecasts,

UnitedHealthcare stock plunged again on Thursday after a new report in the WSJ said the company is facing a Medicare fraud probe.

UnitedHealth Group shares fell nearly 6% in premarket trading on Thursday, after the Wall Street Journal reported that the U.S. Department of Justice was investigating the company for potential Medicare fraud.

UnitedHealth faces valuation reset amid CEO change, regulatory probes, and cost overruns. Click here for a full analysis of UNH stock.