Coventry Health Care, Inc
Industry: Insurance (Accident & Health)

Coventry Health Care, Inc. is a managed healthcare company. The Company operates health plans under the names Coventry Health Care, Coventry Health and Life, Carelink Health Plans, Group Health Plan, HealthAmerica, HealthAssurance, HealthCare USA, Southern Health and WellPath. The Company operates a diversified portfolio of local market health plans serving 14 states, primarily in the Mid-Atlantic, Midwest and Southeast regions. The Company's health plans generally are located in small to mid-sized metropolitan areas.

Business Summary
Coventry Health Care Inc. (Coventry) is a managed healthcare company with 2.5 million members as of December 31, 2004. It operates a portfolio of local market health plans serving 15 markets, primarily in the Mid-Atlantic, Midwest and Southeast United States. Its health plans are operated under the names Altius Health Plans, Carelink Health Plans, Coventry Health Care, Coventry Health and Life, Group Health Plan, HealthAmerica, HealthAssurance, HealthCare USA, OmniCare, PersonalCare, SouthCare, Southern Health and WellPath. In selected markets, it participates in Medicaid and Medicare Advantage programs. The Company's products include traditional health maintenance organization (HMO) products, preferred provider organizations (PPOs) and point of service (POS) products. Within these products, it also offers consumer-directed benefit options, including health reimbursement accounts (HRAs) and health savings accounts (HSAs). In January 2005, the Company acquired First Health Group Corp.

Financial Summary
Coventry Health Care, Inc. is a managed health care company that provides comprehensive health benefits and services to employer and government-funded groups in the Midwest, Mid-Atlantic and Southeastern U.S. For the 6 months ended 6/30/05, revenues rose 24% to $3.22B. Net income rose 53% to $242.1M. Results reflect organic membership growth and acquisitions of First Health, and improved gross profit margins.