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By Bill Glauber and Bill Glauber,London Bureau of The Sun | May 5, 1995
COVENTRY, England -- For Kathleen Adams, it was a day that ended with dancing and prayer.She was 15, wearing red, white and blue ribbons in her hair. She followed her parents and the crowds that swarmed through the rubble of the city, past the bombed-out shell of the medieval cathedral. There was music and cheering, but mostly, there was light, the long wartime blackout breached. It was May 8, 1945. The Germans had surrendered. V-E Day was declared."I found it difficult to accept that the war had ended," says Mrs. Adams, now 65. "I found it difficult to adjust to the idea that when I went to bed at night, I'd be here the next morning."
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NEWS
By Kevin Rector, The Baltimore Sun | November 19, 2012
A Bethesda-based insurance company that gained advantage over competitors by allowing its employees to inappropriately access a federal Medicare database has agreed to pay the federal government $3 million to avoid criminal prosecution, according to the Maryland U.S. attorney's office. According to an agreement with prosecutors, top officials at Coventry Health Care Inc., which is incorporated in Delaware but headquartered in Bethesda and provides group and individual health insurance to some five million members nationally, knew of the inappropriate use of the database and did nothing to stop it until a federal agency raised concerns.
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NEWS
By Larry Carson and Larry Carson,SUN STAFF | September 17, 2004
Howard County's planners are trying to guide growth in a seven-mile stretch of the U.S. 40 corridor over the next two decades with a recipe of proposed zoning changes, but group of western Ellicott City residents says its neighborhood is fine just as it is - and no thank you. The major uncontested focus is on the future of large, older commercial centers such as Normandy Shopping Center and Chatham Mall, but residents of the Coventry housing development on...
BUSINESS
By Matthew Sturdevant and Kenneth R. Gosselin, The Hartford Courant | August 20, 2012
Aetna's plans announced Monday to acquire Coventry Health Care Inc. for $5.6 billion could catapult the insurance giant to the front of an industry race to capitalize on Obamacare and the health needs of aging baby boomers. The deal, subject to approval by Coventry stockholders and industry regulators, is expected to be completed in mid-2013. Aetna said it would pay about $5.6 billion to acquire Bethesda-based Coventry and will take on the company's debt, driving up the total value of the transaction to $7.3 billion.
NEWS
June 1, 2003
On May 30, 2003, NEIL J. "Joe"SINGHASS; husband of Joan A. (Reilly) Singhass; father of Barbara Moretti, Beverly Cloutier, Linda Rondeau, Cheryl Benjamin and Shannon Simoneau; brother of Carol Fowler and June Stinnet; grandfather of fourteen, great-grandfather of one. Residence: Hopkins Court, Coventry, RI. Funeral Tuesday at 8 A.M. from the Robert A. Iannotti & Sons Funeral Home, 415 Washington Street, Coventry. Mass of Christian Burial at 9 in SS. John & Paul Church. Calling hours, Monday 5 to 8 P.M. In lieu of flowers, memorials to RI Veterans Home, 480 Metacon Avenue, Bristol, RI 02809, will be appreciated.
BUSINESS
June 6, 2009
GM to sell Saturn to Penske, saving up to 13,000 jobs General Motors Corp. has reached a deal to sell its Saturn auto unit to Penske Automotive Group, a dealership chain owned by former race-car driver Roger Penske. The bankrupt automaker said the deal to sell Saturn and its distribution network would save up to 13,000 jobs and hundreds of dealerships. It did not release financial terms of the arrangement. It's the latest in asset sales from the Detroit automaker. GM has had Saturn on the block since December 2008.
BUSINESS
By Staff Reports | April 27, 2007
Maryland : Acquisitions Coventry makes $120 million deal Coventry Health Care Inc. said yesterday it is buying part of Mutual of Omaha's health insurance business for $120 million in cash. Coventry, which has about 4 million members, will acquire 115,000 new federal employee members, generating $30 million a year in fees, and 100,000 members in Nebraska and Iowa group accounts, generating $100 million in annual revenue. Coventry has about 4 million members and revenue last year of $7.7 billion.
BUSINESS
May 18, 2001
In the Region Coventry Health unit to take over for Aetna in St. Louis Coventry Health Care Inc. of Bethesda announced yesterday a deal in which its subsidiary, Group Health Plan, will be the replacement carrier for Aetna Inc. in the St. Louis market, which Aetna has decided to leave. Aetna has about 70,000 members in the St. Louis area. Coventry has 270,000 members in its Group Health Plan and another 130,000 in a Medicaid HMO. It has 1.7 million members altogether in about a dozen markets, and has been seeking growth through acquisition.
BUSINESS
October 3, 2000
In the Region Coventry finishes buying N.C. HMO with 130,000 patients Coventry Health Care Inc., the HMO operator that has its headquarters in Bethesda, said yesterday that it had completed the $20.7 million acquisition of WellPath Community Health Plans, an HMO operated by Duke University Health System. The acquisition, the third and largest for Coventry in the past year, adds about 130,000 HMO members in North Carolina, giving Coventry about 167,000 members in the state - up from 21,000 a year and a half ago. Coventry has been selling some small HMOs but buying others, particularly in North Carolina, where it already has a presence in the market.
BUSINESS
BY A SUN STAFF WRITER | April 30, 2003
Coventry Health Care yesterday posted first-quarter earnings 74 percent higher than in the quarter a year ago, and raised its earnings guidance for the year. The Bethesda company, which operates HMOs in about a dozen markets, reported net earnings of $49.5 million, or 83 cents a diluted share for the quarter that ended March 31- handily beating a consensus of analysts' estimates of 70 cents. That compares with $28.4 million, or 45 cents a share, in the year-earlier quarter. For the year, the company said it expected earnings of $3.40 to $3.50 per share.
BUSINESS
June 6, 2009
GM to sell Saturn to Penske, saving up to 13,000 jobs General Motors Corp. has reached a deal to sell its Saturn auto unit to Penske Automotive Group, a dealership chain owned by former race-car driver Roger Penske. The bankrupt automaker said the deal to sell Saturn and its distribution network would save up to 13,000 jobs and hundreds of dealerships. It did not release financial terms of the arrangement. It's the latest in asset sales from the Detroit automaker. GM has had Saturn on the block since December 2008.
BUSINESS
By Staff Reports | April 27, 2007
Maryland : Acquisitions Coventry makes $120 million deal Coventry Health Care Inc. said yesterday it is buying part of Mutual of Omaha's health insurance business for $120 million in cash. Coventry, which has about 4 million members, will acquire 115,000 new federal employee members, generating $30 million a year in fees, and 100,000 members in Nebraska and Iowa group accounts, generating $100 million in annual revenue. Coventry has about 4 million members and revenue last year of $7.7 billion.
BUSINESS
By M. William Salganik and M. William Salganik,SUN STAFF | October 15, 2004
Coventry Health Care Inc., the Bethesda company that operates regional HMOs in more than a dozen markets, raised its national profile yesterday as it announced it would buy First Health Group Corp. in a stock-and-cash deal valued at $1.7 billion. The deal, if approved by shareholders and regulators, would create a combined company operating in all 50 states with revenue this year of $6.2 billion. "I think this is a bet on a very good management team, that has a track record of operating against the consensus," said Thomas Carroll, a health analyst at Legg Mason Wood Walker in Baltimore.
NEWS
By Larry Carson and Larry Carson,SUN STAFF | September 17, 2004
Howard County's planners are trying to guide growth in a seven-mile stretch of the U.S. 40 corridor over the next two decades with a recipe of proposed zoning changes, but group of western Ellicott City residents says its neighborhood is fine just as it is - and no thank you. The major uncontested focus is on the future of large, older commercial centers such as Normandy Shopping Center and Chatham Mall, but residents of the Coventry housing development on...
NEWS
June 1, 2003
On May 30, 2003, NEIL J. "Joe"SINGHASS; husband of Joan A. (Reilly) Singhass; father of Barbara Moretti, Beverly Cloutier, Linda Rondeau, Cheryl Benjamin and Shannon Simoneau; brother of Carol Fowler and June Stinnet; grandfather of fourteen, great-grandfather of one. Residence: Hopkins Court, Coventry, RI. Funeral Tuesday at 8 A.M. from the Robert A. Iannotti & Sons Funeral Home, 415 Washington Street, Coventry. Mass of Christian Burial at 9 in SS. John & Paul Church. Calling hours, Monday 5 to 8 P.M. In lieu of flowers, memorials to RI Veterans Home, 480 Metacon Avenue, Bristol, RI 02809, will be appreciated.
BUSINESS
BY A SUN STAFF WRITER | April 30, 2003
Coventry Health Care yesterday posted first-quarter earnings 74 percent higher than in the quarter a year ago, and raised its earnings guidance for the year. The Bethesda company, which operates HMOs in about a dozen markets, reported net earnings of $49.5 million, or 83 cents a diluted share for the quarter that ended March 31- handily beating a consensus of analysts' estimates of 70 cents. That compares with $28.4 million, or 45 cents a share, in the year-earlier quarter. For the year, the company said it expected earnings of $3.40 to $3.50 per share.
NEWS
By Kevin Rector, The Baltimore Sun | November 19, 2012
A Bethesda-based insurance company that gained advantage over competitors by allowing its employees to inappropriately access a federal Medicare database has agreed to pay the federal government $3 million to avoid criminal prosecution, according to the Maryland U.S. attorney's office. According to an agreement with prosecutors, top officials at Coventry Health Care Inc., which is incorporated in Delaware but headquartered in Bethesda and provides group and individual health insurance to some five million members nationally, knew of the inappropriate use of the database and did nothing to stop it until a federal agency raised concerns.
BUSINESS
May 18, 2001
In the Region Coventry Health unit to take over for Aetna in St. Louis Coventry Health Care Inc. of Bethesda announced yesterday a deal in which its subsidiary, Group Health Plan, will be the replacement carrier for Aetna Inc. in the St. Louis market, which Aetna has decided to leave. Aetna has about 70,000 members in the St. Louis area. Coventry has 270,000 members in its Group Health Plan and another 130,000 in a Medicaid HMO. It has 1.7 million members altogether in about a dozen markets, and has been seeking growth through acquisition.
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