Coventry Health Care
Template:Short description Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". 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.[1] In May 2013, the company was acquired by Aetna for $5.7 billion.
History
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, who then outsourced all IT work and laid off thousands of key personnel[1][6]
References
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