A.M. Best Co.
A.M. Best Withdraws Ratings of Mercy Health Plans, Inc. and Mercy Health Plans of Missouri, Inc. Due to Mergers
Published in Managed Care Weekly Digest, August 15th, 2011
2011 AUG 15 -- A.M. Best Co. has withdrawn the financial strength rating of B+ (Good) and issuer credit ratings of "bbb-" of Mercy Health Plans and Mercy Health Plans of Missouri, Inc. (both Chesterfield, MO), following the mergers of Mercy Health Plans into Coventry Health and Life Insurance Company and Mercy Health Plans of Missouri, Inc. into Group Health Plan, Inc., effective May 1, 2011.
Mercy Health Plans and Mercy Health Plans of Missouri, Inc. were former subsidiaries of Coventry Health Care Inc. (NYSE: CVH).
The principal methodology used in determining these ratings is Best's Credit Rating Methodology -- Global Life and...
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