Coventry Health Care Inc., of Bethesda, a managed health care company, reported first-quarter net income of $135.4 million, or $1 per diluted share, down from the prior-year’s first-quarter net income of $170.7 million, or $1.20 per diluted share. Revenue dropped to $3.5 billion from $3.7 billion in the 2012 quarter.

Tagged with: Business business news coventry health care earnings revenue

BETHESDA — Coventry Health Care Inc.’s third-quarter net income dropped 14 percent, as the health insurer’s medical costs and other expenses outweighed revenue gains from an expansion of its Medicaid business. The Bethesda-based company earned $105.3 million, or 78 cents ...

Tagged with: business news coventry health care earnings health insurance medicaid Montgomery County

Aetna, one of the nation’s biggest health insurers, claimed a bigger stake in the burgeoning market for government-funded coverage Monday when it announced plans to buy a Maryland-based provider of Medicaid and Medicare coverage for $5.7 billion. Aetna’s proposed acquisition ...

Tagged with: aetna coventry health care health care overhaul Insurance medicaid patients unitedhealth group

BETHESDA — Coventry Health Care Inc.’s second-quarter net income plunged 59 percent compared with a year ago when the health insurer recorded a gain tied to a litigation settlement. The latest results still beat Wall Street expectations. The Bethesda, Md., ...

Tagged with: bethesda coventry health care doctors Economy medicaid medicare

BETHESDA — Health insurer Coventry Health Care Inc. said Monday it will pay its first quarterly cash dividend in April. Coventry said it will pay a dividend of 12.5 cents on April 9 to shareholders of record on March 23. ...

Tagged with: acquisition coventry health care shareholders

BETHESDA — Health insurer Coventry Health Care Inc. said Friday its first-quarter profit climbed 13 percent, as premiums increased along with commercial fully insured enrollment, and the company raised its 2011 earnings forecast. But analysts, on average, already expected earnings ...

Tagged with: bethesda coventry health care Economy first quarter Insurance maryland profit revenue Stocks wall street