Business Update

Coventry Health up, company backs 2005 earnings view

Published in Managed Care Business Week, March 15th, 2005

Coventry Healthcare Inc. logged a nearly 32% increase in profits for the fourth-quarter as an acquisition boosted the managed-care company's membership.

Coventry, of Bethesda, Maryland, February 22, 2005, said it earned $91.8 million, or $1.01 a share, on revenue of $1.38 billion in the fourth quarter.

Analysts were expecting earnings of 96 cents a share, according to Thomson First Call.

In the previous year, it earned $69.7 million, or 76 cents a share, on revenue of $1.22 billion.

Coventry ended the year with more than 2.5 million members, 126,000 more than a year ago.

That expansion...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Managed Care Business Week

Source: Managed Care Business Week (2005-03-15)

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry