Coventry Health Care Completes Acquisiton of Maxicare Louisiana.Business Editors/Health & Medical Writers BETHESDA, Md.--(BUSINESS WIRE)--Aug. 16, 2000 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
The transaction adds approximately 14,000 members and brings Coventry's total membership in Louisiana to approximately 55,000 members effective August 2000. "We are pleased to complete this transaction on schedule," said Allen F. Wise, president and chief executive officer of Coventry. "This transaction effectively grows the Louisiana membership by 34% and provides access to additional provider contracts and large employers." Coventry HealthCare is a managed health care company operating health plans under the names Coventry Health Care, HealthAmerica, HealthAssurance, Health Care USA, Group Health Plan, Southern Health, SouthCare and Carelink Health Plans. 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 15 markets throughout the Midwest, Mid-Atlantic and Southeast United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . More information on Coventry is available on the Internet at http://www.cvty.com. |
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