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Article: Coventry Health Care to Acquire Additional HMO Membership in Louisiana.
- Article from:
- Business Wire
- Article date:
- June 11, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Health & Medical Writers
BETHESDA, Md.--(BUSINESS WIRE)--June 11, 2001
Coventry Health Care, Inc. (NYSE:CVH) today announced that its subsidiary, Coventry Health Care of Louisiana, has reached an agreement with Aetna Inc. (NYSE:AET) whereby Coventry of Louisiana will act as a replacement carrier of Aetna's Louisiana commercial HMO customers. Aetna's Louisiana HMO customers will be directly marketed to by Coventry Louisiana as Aetna winds down its Louisiana HMO operations.
The agreement with Aetna will be exclusive to Coventry of Louisiana. Terms of the agreement were not disclosed.
"Our Louisiana plan has grown 46% over ...