Coventry Health Care, Inc. was a health insurer in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. It had 3.7 million medical members, 1.5 million

Medicare Part D Medicare Part D, also called the Medicare prescription drug benefit, is an optional United States federal-government program to help Medicare beneficiaries pay for self-administered prescription drugs. Part D was enacted as part of the Medica ...

members, and 900,000

Medicaid Medicaid in the United States is a federal and state program that helps with healthcare costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, including nursing home care and pers ...

members. In May 2013, the company was acquired by

Aetna Aetna Inc. () is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, ...

for $5.7 billion.

History

The company was founded in 1986 in

Nashville Nashville is the capital city of the U.S. state of Tennessee and the seat of Davidson County. With a population of 689,447 at the 2020 U.S. census, Nashville is the most populous city in the state, 21st most-populous city in the U.S., and the ...

Phil Bredesen Philip Norman Bredesen Jr. (born November 21, 1943) is an American politician and businessman who served as the 48th governor of Tennessee from 2003 to 2011. A member of the Democratic Party (United States), Democratic Party, he was elected in 20 ...

. In August 1998, the company merged with Principal Health Care and moved its headquarters to Bethesda, Maryland. In October 2000, the company acquired WellPath, the managed care subsidiary of

Duke University Duke University is a private research university in Durham, North Carolina. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James ...

Health System, for $20.7 million. In October 2010, the company acquired MHP (Mercy Health Plans), an insurer with approximately 180,000 members in Missouri and northwest Arkansas. In January 2012, the company acquired Children's Mercy's Family Health Partners. In May 2013, the company was acquired by

for $5.7 billion.

References

{{CVS Health, state=autocollapse 2013 mergers and acquisitions Aetna Companies formerly listed on the New York Stock Exchange Health care companies established in 1986