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Coventry Health Care, Inc. was a health insurer in the United States. It had 3.7 million medical members, 1.5 million Medicare Part D members, and 900,000 Medicaid members. [ 2 ] In May 2013, the company was acquired by Aetna for $5.7 billion.
Phil Bredesen, founder and former chief executive officer of HealthAmerica Corporation, [11] as well as the founder and first chairman of Coventry Health Care [12] Bruce Broussard, former chief executive officer of Humana [13] Richard T. Burke, founder of UnitedHealth, chief executive officer until 1987, and chairman of the board from 2006 to ...
In 2006, the company name was changed to Compass Rose Benefits Group (CRBG) and eligibility was extended to include all employees of the Intelligence Community (IC). In 2007, Coventry Health Care became the health plan underwriter. In 2008, CRBG extended eligibility to include civilian employees and retirees of the Department of Defense (DoD).
Aetna Inc. (/ ˈ ɛ t n ə / ET-nə) 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, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
In 1985, The two companies merged into Associated Insurance Companies, Inc,, later called, The Associated Group, a holding company, but usage of the name "Anthem" persisted. [10] In 1989, the company purchased American General Insurance Co. for $150 million and in 1991, it acquired The Shelby Insurance Co., based in Shelby, Ohio, for $125 million.
Three months after joining Aetna, Lynch led the integration of Coventry Health Care, which was the largest health care acquisition at the time. [14] In 2015, Lynch became Aetna's first female president, a role she retained through the $70 billion acquisition of Aetna by CVS Health in 2018. [15] [16]
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