Coventry Health Care is an enormous firm that has proved to be very efficient over time for a number of folks seeking medical health insurance. The exercise in well being care points ought to continue to remain risky, as rumors persist amid the battle to increase the share of the government program’s pie. Coventry Well being Care filed a required discover this week with the Missouri Department of Financial Improvement this week. The Springfield Information-Chief stories that Coventry plans to shut its workplace within the southwestern Missouri city and lay off its eighty five employees by early May. We’ll create an even stronger firm, poised to steer the U.S. well being care transformation.
Coventry additionally plans to eliminate sixty five jobs within the St. Louis suburb of Chesterfield and shut the office there by early April. A spokesman for the Division of Economic Growth says the roles being abolished in Springfield embrace one administrative submit and 84 industrial customer support positions. The acquisition of Coventry will complement Aetna’s strategy to expand its aggressive set of core and rising businesses to satisfy the evolving wants of the folks it serves.
By the Coventry acquisition, Aetna will add almost 4 million medical members and 1.5 million Medicare Part D members on a pro forma foundation, and can build on its current resources and capabilities. Coventry operates native health plans that serve 27 states, primarily within the Mid-Atlantic, Midwest, Mountain West and Southeast United States. As particular person members of the Aetna family of corporations, you will benefit from our Coventry acquisition.
Even in states where Aetna and Coventry each have enterprise immediately, each provider tends to concentrate on completely different areas inside the state and each carrier’s products are typically complementary and largely don’t overlap. Coventry will increase Aetna’s medical membership in Florida and Pennsylvania, and can enhance presence in Missouri, Kansas, Georgia, Utah, and North Carolina. The Coventry transaction enhances our core insurance business and increases our presence within the fast-rising government sector.
Coventry constituents may even benefit from becoming a member of us. We have greater than 160 years of experience, a powerful monetary place and a properly-acknowledged brand. At Aetna, we maintain the people who use and depend on our companies at the center of every part we do. Along with Coventry, we’ll construct upon each other’s strengths to deliver higher quality, extra affordable well being plans and services. These plans and providers will benefit a wider group of members throughout the U.S. and abroad.