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Company Profile For Coventry Health Care, Inc.

Coventry Health Care, Inc. (CVH.N) (New York Stock Exchange)
sector: Healthcare · industry: Managed Health Care ·
As of  24 Nov 2009
23.21USD
Price Change
-0.12
Percent Change
-0.51%
 
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Overview

Coventry Health Care, Inc., is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers’ compensation services companies. Through the Company’s Commercial Business, Individual Consumer and Government Business, and Specialty Business divisions, it provides a range of risk and fee-based managed care products and services to a range of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators. On February 13, 2008, the Company completed its acquisition of Mental Health Network Institutional Services, Inc. (MHNet), a mental-behavioral health company based in Austin, Texas. On May 14, 2008, the Company completed its acquisition of a majority ownership interest in Group Dental Services (GDS), a dental company based in Rockville, Maryland.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Coventry Heath Care, Inc.'s revenues increased 20% to $10.48B. Net income from continuing operations decreased 27% to $206.3M. Revenues reflect an increase in income from managed care premiums and higher income from management services. Net income was offset by an increase in medical costs, higher cost of sales and a rise in selling, general & administrative expenses.

Company Address

Coventry Health Care, Inc.
6705 Rockledge Drive
Suite 900
Bethesda   MD   20817
P: +1301.5810600
F: +1301.4930742

Total Employees

15800

Find Out More About CVH.N

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