Coventry Health Care Inc trades in the stock market as ticker CVH. Business Summary & Profile For Coventry Health Care Inc.

Coventry Health Care Inc

Coventry Health Care, Inc. operates as a managed healthcare company in the United States. The company’s Health Plan and Medical Services segment provides health plan commercial risk, Medicare advantage, and Medicaid products. It also offers commercial risk products, including health maintenance organization, preferred provider organization, and point of service products to individuals and employer groups. In addition, this segment offers managed care and administrative products, including medical claims administration; pharmacy benefits management; and clinical programs, such as utilization management and quality assurance. Further, it provides consumer-directed benefit options comprising health reimbursement accounts and health savings accounts to commercial customers; and comprehensive health benefits on a risk basis to members participating in the Medicare Advantage HMO, Medicare Advantage PPO, and Medicaid programs. Its Specialized Managed Care segment provides access to prescription drug coverage to eligible beneficiaries. Its Network Rental business offers provider network rental services through a national PPO network to national, regional, and local third party administrators, as well as insurance carriers. This segment also involves in the co-ordination of comprehensive mental health and substance abuse treatment. Coventry Health Care’s Workers’ Compensation segment offers workers’ compensation services, including managed care services, such as provider network access, bill review, care management services, and pharmacy benefit management to underwriters and administrators of workers’ compensation insurance and employer groups. The company primarily serves individuals, employer and government-funded groups, government agencies, insurance carriers, and administrators through direct sales staff and a network of independent insurance brokers and agents. Coventry Health Care, Inc. was founded in 1986 and is based in Bethesda, Maryland.
www.cvty.com
Founded in 1986
LAST $32.92 USD
CHANGE TODAY +0.09 0.27%
VOLUME 429.4K
As of 1:16 PM 02/17/12 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of COVENTRY HEALTH CARE INC (CVH)

OPEN
$32.97
PREVIOUS CLOSE
$32.83
DAY HIGH
$33.29
DAY LOW
$32.84
52 WEEK HIGH
07/6/11 - $37.86
52 WEEK LOW
10/4/11 - $25.78
MARKET CAP
4.8B
AVERAGE VOLUME 10 D
1.8M
EPS TTM
$3.02
SHARES OUTSTANDING
144.3M
CVH Does Not Pay Dividends
P/E TTM
10.9x
K = Thousands  M = Millions  B = Billions

related news for COVENTRY HEALTH CARE INC (CVH)

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Key developments for COVENTRY HEALTH CARE INC (CVH)

Coventry Health Care Inc. Plans Closing of Office and Layoffs

Coventry Health Care Inc. plans to close its office in the southwestern Missouri city and lay off its 85 employees by early May. The company also plans to eliminate 65 jobs in the St. Louis suburb of Chesterfield and close the office there by early April.

Coventry Health Care Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011; Provides Earnings Guidance for the Fiscal 2012

Coventry Health Care Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, operating revenues totaled $3.1 billion with net earnings of $85.7 million, or $0.60 earnings per diluted share compared to operating revenues totaled $3.02 billion, net earnings of $150.33 million, or $1.01 earnings per diluted share for the same period last year. Excluding the impact of MA-PFFS results, core earnings for the quarter were $82.1 million, or $0.58 earnings per diluted share. Operating earnings of $148.94 million and earnings before income taxes of $143.6 million compared to $237.05 million and $235.85 million, respectively for the same period last year. Net cash flows used in operating activities of $269.58 million and capital expenditure of $8.19 million for the quarter ended December 31, 2011. For the year ended December 31, 2011, total operating revenues were $12.2 billion with net earnings of $543.1 million, or $3.70 earnings per diluted share compared to operating revenues totaled $11.59 billion, net earnings of $438.6 million, or $2.97 earnings per diluted share for the same period last year. Excluding the impact of MA-PFFS results and the provider class action litigation adjustment, core earnings for the year were $419.5 million, or $2.87 earnings per diluted share. Operating earnings of $868.13 million and earnings before income taxes of $858.1 million compared to $689.28 million and $686.53 million, respectively for the same period last year. Net cash flows from operating activities of $401.16 million and capital expenditure of $62.08 million for the year ended December 31, 2011. For the fiscal 2012, the company forecast of double digit revenue growth coupled with operating earnings and EPS growth. The company expects consolidated revenue of $13.86 billion to $14.05 billion; depreciation and amortization expense of $136.0 million to $140.0 million; interest expense of $98.0 million to $99.0 million; tax rate of 36.7% to 37.3%; earnings per diluted share of $3.10 to $3.30 for the fiscal 2012.

Coventry Seeks Acquisitions

Coventry Health Care Inc. is looking for acquisition opportunities. Coventrys Chairman and Chief Executive Officer, Allen Wise said, Our goal for 2012 and beyond in the commercial business is to maintain margin and seize the growth opportunities that we expect to develop as a result of consolidating market conditions, driven by a commitment and sophistication required to operate in the healthcare reform environment. In this context, we're actively preparing for the potential 2014 expansion jump ball. We'll continue to work on attractive commercial expansion opportunities, both through acquisitions and through organic growth and increase our footprint with providers in high performance networks, which would drive lower cost products to complement our product portfolio. As of today, we've signed approximately 30 high performance network contracts across our product lines. These arrangements run the spectrum from large scale health systems to local-based primary multi-specialty provider groups. 17 of these 30 high performance networks cover our commercial product in 14 states and we feel should position us very well, especially in an exchange environment.

CVH Competitors

Company Last Change
AMERIGROUP Corp $72.67 USD +2.47
Genworth Financial Inc $9.14 USD +0.11
Health Net Inc $39.48 USD -0.11
Unum Group $23.01 USD +0.1689
WellCare Health Plans Inc $69.84 USD +1.78
Market data is delayed at least 15 minutes.
 

Industry Analysis

Valuation CVH Industry Range
Price/Earnings 8.9x
Price/Sales 0.4x
Price/Book 1.0x
Price/Cash Flow 7.0x
TEV/Sales 0.1x

CVH

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CVH transactions

Type
Date
Target
Merger/Acquisition
January 12, 2012
Coventry Health Care Inc., 150,000 Square Foot Office Building at Scottsdale Financial Center II
Merger/Acquisition
October 26, 2011
Children's Mercy's Family Health Partners, Inc
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