Coventry Health Care
Coventry Health Care
Coventry Health Care was a diversified national insurer in the United States, providing a full range of risk and fee-based managed care products and services. The company was headquartered in Bethesda, Maryland.
History
Coventry Health Care was founded in 1986. Over the years, it expanded its services and acquired several other health care companies to broaden its reach and capabilities. In 2013, Coventry Health Care was acquired by Aetna, a major health insurance company, which is now part of CVS Health.
Services
Coventry Health Care offered a variety of health insurance products, including:
- Health Maintenance Organizations (HMOs)
- Preferred Provider Organizations (PPOs)
- Point of Service (POS) plans
- Medicare and Medicaid plans
- Workers' compensation services
Market Presence
Coventry Health Care operated in all 50 states, providing health insurance coverage to millions of Americans. The company was known for its focus on providing affordable and accessible health care options.
Acquisition by Aetna
In 2013, Coventry Health Care was acquired by Aetna for approximately $5.7 billion. This acquisition allowed Aetna to expand its government business and increase its presence in the individual and group insurance markets.
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