History

Coventry’s roots can be traced back to November 21, 1986, the date the company’s predecessor company, Coventry Corporation, was incorporated. Coventry Health Care, Inc. became a public company in 1991, and is currently listed on the NYSE with ticker symbol "CVH".

Since the company’s inception, the building blocks of “The Coventry Model” have remained financial discipline and service excellence.  The company’s senior management team has long understood those two objectives need not be mutually exclusive. 

As an organization, our long-term success depends on the ability to translate our commitment to affordable and accessible health care into real change.  We look to four principles to guide us as we strive to provide exceptional value for members, employers, and providers:

Easy and Simple Experience

Everyone at Coventry is uncompromising in their commitment to ensure that all our customers have an easy, simple, and productive experience – whether enrolling as a new member, refilling a prescription, or filing a claim.

Operational Excellence

We pay fanatical attention to operational excellence, continually refining the advanced platforms and processes that are essential to what we do: delivering a growing range of services in the most efficient, cost-effective way possible to an ever-larger number of people.

Financial Discipline

At every level, we guard our financial resources scrupulously, knowing that financial discipline provides the foundation upon which we can deliver products and services with great value.

Empowering Environment

Underlying the performance in each of these areas is our belief that taking exceptional people, placing them in an empowering environment, and holding them accountable for their efforts is the best way to exceed expectations in whatever we do.

Key Events in Coventry Health Care’s History

2009 - Divested First Health Services, the fee-based Medicaid services
             company which was acquired as a piece of the First Health
             Group Corp acquisition in 2005

2008 - Acquired MHNet Behavioral Health in Austin, TX
             Acquired Group Dental Services (GDS) in Rockville, MD 

2007 - Acquired group health business from Mutual of Omaha, Omaha,NE
             Acquired VISTA Health Plans in Sunrise, FL
             Acquired Concentra Workers' Compensation Managed Care Services

2005 - Acquired First Health Group Corp, more than doubling the company’s
             total assets and total employees

2004 - Acquired OmniCare in Detroit, MI

2003 - Acquired PersonalCare in Champaign, IL
             Acquired Altius Health Plan in South Jordan, UT

2002 - Acquired New Alliance in Erie, PA
             Acquired Mid America Health Plan in Kansas City, MO

2001 - Acquired Qualchoice in Charlottesville, VA
             Acquired HealthPartners in St. Louis, MO
             Acquired Kaiser Permanente membership in Kansas City, MO

2000 - Acquired PrimeONE and merged with Carelink
             Acquired Maxicare in New Orleans, LA
             Acquired WellPath Community Health Plans in Chapel Hill, NC

1999 - Acquired Kaiser in Charlotte, NC
             Acquired Carelink in Charleston, WV

1998 - Merged with Principal Health Care
             Corporate office moves to Bethesda, MD
             Company name changed to Coventry Health Care, Inc.

1995 - Acquired HealthCare USA  in Jacksonville, FL

1994 - Acquired Southern Health Services  in Richmond, VA

1989 - Acquired Group Health Plan in St. Louis, MO

1988 - Acquired HealthAmerica Pennsylvania

1987 - Acquired American Service Life Insurance Company

1986 - Coventry Corporation incorporated