Coventry Health Care Completes Acquisition of Carelink.BETHESDA, Md.--(BUSINESS WIRE)--Oct. 1, 1999-- 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
Coventry paid approximately $8.0 million in cash for the health plan and is now the market leader in West Virginia with a service area covering 74% of the state's population. "We are pleased to complete this transaction on schedule," said Allen F. Wise, president and chief executive officer of Coventry. "Carelink is a strong franchise with a broad provider network, and we look forward to its continued growth as part of Coventry." Coventry Health Care is a managed health care company operating health plans under the names Principal Health Care, HealthAmerica, HealthAssurance, HealthCare USA, Group Health Plan, Southern Health and Carelink. The Company provides a full range of 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 Risk and Medicaid to 1.5 million members in a broad cross section of employer and government-funded groups in 16 markets throughout the Midwest, Mid-Atlantic and Southeast United States. More information on Coventry is available on the Internet at http://www.cvty.com. |
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