Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - COVENTRY HEALTH CARE INC | g27564e8vk.htm |
| EX-10.1 - EX-10.1 - COVENTRY HEALTH CARE INC | g27564exv10w1.htm |
Exhibit 99.1
Contact:
|
Randy Giles | |
| Chief Financial Officer | ||
| (301) 581-5687 | ||
| Drew Asher | ||
| SVP, Corporate Finance | ||
| (301) 581-5717 |
COVENTRY HEALTH CARE ENTERS INTO NEW CREDIT FACILITY
BETHESDA, Md. (June 22, 2011) — Coventry Health Care, Inc. (NYSE: CVH) announced today that it has
entered into a new $750 million five-year unsecured revolving credit facility which will be undrawn
at issuance. All outstanding balances on the previous credit facility have been repaid from
existing parent company cash.
Coventry
Health Care (www.coventryhealthcare.com) is a diversified national managed healthcare
company based in Bethesda, Maryland, operating health plans, insurance companies, network rental
and workers’ compensation services companies. Coventry provides a full range of risk and fee-based
managed care products and services to a broad cross section of individuals, employer and
government-funded groups, government agencies, and other insurance carriers and administrators.