Coventry Health Care Announces Senior Management Addition.BETHESDA, Md. -- Coventry Health Care Coventry Health Care, Inc. (Coventry) (NYSE: CVH) is a managed health care company in the United States. On February 8th of 2007 Coventry agreed to acquire Concentra's Workers Compensation Managed Care Services Businesses. External links
See: New York Stock Exchange :CVH) today announced the hiring of John Langenus as President, National Accounts for First Health Group Corp. and Senior Vice President of Coventry. In his capacity, Mr. Langenus will oversee business operations for First Health's Corporate and Federal Employee Health Benefits Program (FEHBP) business. Mr. Langenus will report directly to Thomas McDonough, Coventry President and First Health's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are extremely pleased to add an executive of John's caliber to our senior management team," said McDonough. "Key to our alignment of First Health's five distinct business segments is having qualified leaders with clear lines of focused accountability, and John brings a wealth of knowledge and experience to this role." Most recently, Langenus has served as Executive Vice President of Evolution Benefits, a firm offering debit card technology to aid in the growing segment of consumer driven health care. Prior to that, he had a lengthy career with CIGNA and its predecessor company, Connecticut General, rising to the position of Senior Vice President of the company's National Accounts market segment. With CIGNA, he held positions in Sales and Marketing, Underwriting and Claims Administration. "With exposure to a virtually every key category of our business, including product development and customer support, John's extensive background will help First Health build upon its excellent, existing, customer relationships," said McDonough. Before joining CIGNA, Langenus was a captain in the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with . He is a graduate of Rutgers University and holds an MBA from the University of Hartford. A member of the Connecticut Judicial Review Council, Langenus also serves on the Advisory Board of the R.C. Knox Center for the Study of Insurance and Risk Management at the University of Hartford's Barney School of Business. This press release may contain forward-looking statements, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, relating to future events or future financial performance. Actual performance may be significantly impacted by certain risks and uncertainties, including those described in Coventry's Annual Report on Form 10-K for the year ended December 31, 2004. Coventry Health Care is a national managed health care company based in Bethesda, Maryland operating health plans, insurance companies, network rental services companies, and worker's compensation services companies. Coventry provides a full range of risk and fee-based managed care products and services, including HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, , PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there , POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale , Medicare Advantage, Medicaid, Worker's Compensation and Network Rental to a broad cross section of employer and government-funded groups, government agencies, and other insurance carriers and administrators in all 50 states as well as the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Puerto Rico. More information is available on the Internet at www.coventryhealth.com and www.firsthealth.com. |
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