Coventry Health Care Completes Acquisition of Preferred Health Systems


Coventry Health Care, Inc. announced that it has completed its previously announced acquisition of Preferred Health Systems, Inc. (“PHS”), a wholly-owned subsidiary of Via Christi Health System, Inc. The transaction is expected to be neutral to earnings for 2010 and financial terms were not disclosed.

Coventry Health Care is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers’ Compensation services companies. Coventry provides a full range of risk and fee-based managed care products and services to a broad cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators.

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