Coventry Health Care said it completed its acquisition of the business of Children’s Mercy’s Family Health Partners, a Medicaid health plan operated by Children’s Mercy Hospital in Kansas City, Mo.
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Allen F. Wise
With the addition of Children’s Mercy’s Family Health Partners, Bethesda, Md-based Coventry now serves nearly 900,000 Medicaid recipients across 10 states and more than 1.5 million members in its seven-state Midwest region. In addition, Coventry and Children’s Mercy Hospital have entered into a long-term contractual partnership for Children’s Mercy to deliver hospital and physician services to Coventry members as part of the transaction, according to a Coventry statement.
Allen F. Wise, chief executive officer of Coventry, said the acquisition “reaffirms Coventry’s commitment to growing our Medicaid business as we have grown from 6 states and $1.1 billion in revenue in 2009 to 10 states with approximately $2.5 billion in annualized revenue today.”
Financial terms of the deal were not disclosed.
Coventry completes deal for Kansas Medicaid health plan via IFAwebnews .
