Coventry_Health_Care

Coventry Health Care

Coventry Health Care

Health insurer in the United States

Coventry Health Care, Inc. was a health insurer in the United States. It had 3.7 million medical members, 1.5 million Medicare Part D members, and 900,000 Medicaid members.[2] In May 2013, the company was acquired by Aetna for $5.7 billion.

Quick Facts Company type, Industry ...

History

The company was founded in 1986 in Nashville by Phil Bredesen.[3]

In August 1998, the company merged with Principal Health Care and moved its headquarters to Bethesda, Maryland.[3]

In October 2000, the company acquired WellPath, the managed care subsidiary of Duke University Health System, for $20.7 million.[4]

In October 2010, the company acquired MHP (Mercy Health Plans), an insurer with approximately 180,000 members in Missouri and northwest Arkansas.[5]

In January 2012, the company acquired Children's Mercy's Family Health Partners.[6]

In May 2013, the company was acquired by Aetna for $5.7 billion.[2][7]

References

  1. [1]
    "Coventry Health Care, Form 10-K, Annual Report, Filing Date Feb 27, 2013" (PDF). secdatabase.com.
  2. [2]
    Pfannenstiel, Brianne (May 8, 2013). "Aetna completes acquisition of Coventry Health". American City Business Journals.
  3. [3]
    Lawson, Richard (November 15, 1998). "Mortgage banker moves into old Coventry space". American City Business Journals.
  4. [4]
    "Coventry completes WellPath acquisition". American City Business Journals. October 2, 2000.
  5. [5]
    Lubell, Jennifer (October 1, 2010). "Coventry completes Mercy Health Plans deal". Modern Healthcare.
  6. [6]
    "Children's Mercy wraps up sale of Medicaid health plan". American City Business Journals. January 11, 2012.
  7. [7]
    "Aetna Completes Acquisition of Coventry Health Care, Inc" (Press release). Business Wire. May 7, 2013.
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