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Tag Archives: coventry health care

Coventry sees lower profit, revenue

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.

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Coventry Health 3Q profit falls 14 pct, costs rise

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 ...

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Aetna to buy Coventry in $5.7 billion deal

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 ...

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Bethesda-based Coventry Health Care 1Q profit climbs 13 percent

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 ...

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