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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.
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 […]
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 […]
Coventry 2Q profit tumbles, beats expectations
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 […]
Bethesda-based Coventry Health initiates 12.5 cent dividend
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 […]
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 […]
