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Coventry Health Care 

“Market Cap $6.31 B As of May 2013 

At a Glance

  • Industry: Managed Health Care
  • Founded: 1986
  • Country: United States
  • CEO: Allen Wise
  • Website: www.cvty.com
  • Employees: 14,400
  • Sales: $14.11 B
  • Headquarters: Bethesda, Maryland

Forbes Lists

#1100 Global 2000

  • #678 in Sales
  • #1110 in Profit
  • #1864 in Assets
  • #1470 in Market value
Profile

Coventry Health Care, Inc. (Coventry) is a diversified national managed healthcare company based in Bethesda, Maryland. Coventry operates health plans, insurance companies, network rental and workers’ compensation services companies. The Company operates in three segments: Health Plan and Medical Services, Specialized Managed Care, and Workers’ Compensation. The Company’s Health Plan and Medical ServicesDivision consist of its health plan commercial risk, commercial management services, Medicare Advantage Coordinated Care Plans (Medicare Advantage CCP) and Medicaid products. Its Specialized Managed Care Division includes Medicare Part D, network rental, and its behavioral health benefits businesses. Its Workers’ Compensation Division consists of its workers’ compensation services businesses. On January 1, 2012 the Company completed its acquisition of Children’s Mercy’s Family Health Partners, a Medicaid health plan.”

“Key events

  • 1986 – Coventry Corporation, Inc.
  • 1987 – Acquired American Service Life Insurance Company
  • 1988 – Acquired HealthAmerica Pennsylvania
  • 1989 – Acquired Group Health Plan in St. Louis, Missouri
  • 1994 – Acquired Southern Health Services in Richmond, Virginia
  • 1995 – Acquired HealthCare USA in Jacksonville, Florida
  • 1998 – Merged with Principal Health Care,corporate office moves to Bethesda, Maryland, and company name changed toCoventry Health Care, Inc.
  • 1999 – Acquired Kaiser in Charlotte, North Carolina and Carelink in Charleston, West Virginia
  • 2000 – Acquired PrimeONE and merged with Carelink. Acquired WellPath Community Health Plans in Chapel Hill, North Carolina
  • 2001 – Acquired Qualchoice in Charlottesville, Virginia and Kaiser Permanente membership in Kansas City, Missouri
  • 2002 – Acquired New Alliance in Erie, Pennsylvania and Mid America Health Plan in Kansas City, Missouri
  • 2003 – Acquired PersonalCare in Champaign, Illinois and Altius Health Plan in South Jordan, Utah
  • 2004 – Acquired OmniCare in Detroit, Michigan
  • 2005 – Acquired First Health Group Corporation
  • 2007 – Acquired group health business from Mutual of Omaha in Omaha, Nebraska; VISTA Health Plans in Sunrise, Florida, and Concentra Workers’ Compensation Managed Care Services
  • 2008 – Acquired MHNet Behavioral Health in Austin, Texas and Group Dental Services (GDS) in Rockville, Maryland
  • 2010 – Acquired Mercy Health Plans in St Louis, Missouri and Preferred Health Systems (PHS) in Wichita, Kansas
  • 2011 – Awarded Kentucky Medicaid Business
  • 2012 – Acquired by Aetna

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “jobing