Archive: Healthcare

Membership Boosts Coventry Health Care

From the Associated Press Managed health plan provider Coventry Health Care said first-quarter profit rose 2.7 percent, to $125 million (81 cents a share) from $121.7 million (76 cents) in the comparable period a year earlier, as revenue surged on increases in membership. Total operating revenue jumped 32 percent, to...

By Terri Rupar | April 25, 2008; 10:08 AM ET | Comments (0)

IAC and HealthCentral Form Ad Network

By Zachary A. Goldfarb Arlington-based HealthCentral Network, a collection of health Web sites, and Barry Diller's IAC announced today that they are partnering to launch an online advertising network targeting manufacturers of prescription and over-the-counter drugs and other health-related products. The ads will be shown on HealthCentral sites, which focus...

By Zachary Goldfarb | April 16, 2008; 12:30 PM ET | Comments (0)

Coventry Heath Care's Profit Up Almost 12 Percent

From the Associated Press: Bethesda-based Coventry Health Care Inc. said Tuesday its second-quarter profit rose 11.7 percent on an increase in managed care premiums. The health insurer earned $151.3 million, or 96 cents per share, compared with profit of $135.5 million, or 84 cents per share, during the same period...

By Mike Shepard | July 31, 2007; 10:25 AM ET | Comments (0)

Coventry Health Care to Buy Florida Health Plan

Coventry Health Care, a Bethesda-based managed-care provider, has agreed to acquire privately held Florida Health Plan Administrators for about $685 million in cash, according to a Coventry statement. Florida Health owns the Vista Healthplans network, which has 295,000 enrolled members. Vista generates about $1.2 billion in annual revenue, and 85...

By Mike Shepard | July 9, 2007; 11:21 AM ET | Comments (0)

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