Coventry Health Care Files Lawsuit to Protect Member Coverage in Western Pennsylvania.BETHESDA, Md.--(BW HealthWire)--Aug. 11, 1998--Coventry Health Care, Inc. (Nasdaq/NM:CVTY) and HealthAmerica Pennsylvania, Inc., a managed care subsidiary of Coventry, today announced that they have filed a lawsuit in the state court in Allegheny County, Pennsylvania Allegheny County is a county in the southwestern part of the U.S. state of Pennsylvania. As of the 2000 census, the population was 1,281,666. The county seat is Pittsburgh. , against Allegheny General Hospital Allegheny General Hospital is a large urban hospital located in Pittsburgh, Pennsylvania, USA. Allegheny General Hospital, also commonly known locally by the acronym "AGH," was founded in 1885 in Pittsburgh's North Side, in the area formally known as Allegheny City. , Forbes Health System, Allegheny Valley Hospital, and Cannonsburg Hospital, subsidiaries of Allegheny Health, Education and Research Foundation (AHERF) not included in the parent's Chapter 11 bankruptcy filing on July 21, 1998. In their lawsuit, Coventry and HealthAmerica are seeking: -- A court order compelling the hospitals to fulfill their contractual obligations to continue to provide health care services to HealthAmerica's 290,000 members in western Pennsylvania. -- Monetary damages of $108 million related to AHERF's and its affiliates' failure to fulfill their contractual obligations under the risk-sharing contract. "This action assures the continuity of care to our members and protects the interests of our shareholders and other constituencies," said Dale B. Wolf, chief financial officer of Coventry. 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
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 1.56 million members in a broad cross section of employer and government-funded groups in 21 markets throughout the Midwest, Mid-Atlantic and Southeast United States. This press release contains forward-looking information. The forward-looking statements are 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. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 1997.
CONTACT: Coventry Health Care Inc., Bethesda
Dale B. Wolf, 301/581-0600, no. 2209
or
Investor Relations: 301/581-0600, no. 2778
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