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Home > Fortune 500 Companies > Coventry Health Care
Coventry Health Care
Coventry Health Care is a publicly traded company having a good stock performance result. Coventry Health Care is a fortune 500 stock listed company trading under CVH. The company was incorporated in 1986 and is placed in Bethesda, Maryland. They operate as a managed healthcare company. They provides a range of risk and managed care products and services, including health maintenance organization, preferred provider organizations, point of service products.
In addition, Coffers risk products, such as Medicare and managed Medicaid programs in selected markets as well as rents network of providers, including claims reprising and utilization review to other managed care plans or nonrisk employers assuming no underwriting risk. It markets its products and services directly and through a network of independent brokers and agents primarily in the United States, as well as in the District of Columbia and Puerto Rico.
Operating revenues totaled 1.72 billion dollars for the quarter, a 24.2 percent increase over the fourth quarter of 2004. Before a non-recurring loss of 6.7 million dollars after tax, or 0.04 dollars per diluted share, in Louisiana operations due to Hurricane Katrina, net earnings were 133.1 million dollars, For the twelve months ended December 31, 2005, total revenues was 6.61 billion dollars, a 24.5 percent increase over 2004, with net earnings of 3.14 dollars per diluted share before the Katrina non-recurring loss, a 26.6 percent increase over 2004. Fourth quarter and full year of 2005 net earnings including the Katrina non-recurring loss were 126.4 million dollars, or 0.77 dollars per diluted share, and 501.6 million dollars, or 3.10 dollars per diluted share, respectively.
Coventry Health Care is committed to maintaining excellence, respect, and integrity in all aspects of their operations and their professional and business conduct. They strive to reflect the highest ethical standards in their relationships with members, providers, and shareholders.
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