| Coventry Health Care | |
| Type: | Defunct |
| Industry: | Health insurance |
| Fate: | Acquired by Aetna |
| Location: | North Bethesda, Maryland (Bethesda mailing address) |
| Key People: | Allen Wise (CEO) |
| Revenue: | US$ 14.113 billion (2012) |
| Operating Income: | US$ 759.69 million (2012) |
| Net Income: | US$ 487.06 million (2012) |
| Assets: | US$ 8.750 billion (2012) |
| Equity: | US$ 4.722 billion (2012) |
| Num Employees: | 14,400 (January 2013) |
| Footnotes: | [1] |
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. In May 2013, the company was acquired by Aetna for $5.7 billion.
The company was founded in 1986 in Nashville by Phil Bredesen.[2]
In August 1998, the company merged with Principal Health Care and moved its headquarters to Bethesda, Maryland.[2]
In October 2000, the company acquired WellPath, the managed care subsidiary of Duke University Health System, for $20.7 million.[3]
In October 2010, the company acquired MHP (Mercy Health Plans), an insurer with approximately 180,000 members in Missouri and northwest Arkansas.[4]
In January 2012, the company acquired Children's Mercy's Family Health Partners.[5]
In May 2013, the company was acquired by Aetna for $5.7 billion.[6] [7]