M&A Deal Summary

Coventry Health Care Acquires Altius Health Plan

On July 9, 2003, Coventry Health Care acquired insurance company Altius Health Plan

Acquisition Highlights
  • This is Coventry Health Care’s 5th transaction in the Insurance sector.
  • This is Coventry Health Care’s 8th transaction in the United States.
  • This is Coventry Health Care’s 1st transaction in Utah.
Investment Fate
  • Altius Health Plan was divested to a consortium of strategic buyers in 2018.

M&A Deal Summary
Date 2003-07-09
Target Altius Health Plan
Sector Insurance
Buyer(s) Coventry Health Care
Deal Type Add-on Acquisition

Target

Altius Health Plan

South Jordan, Utah, United States
website
Altius Health Plan, Inc. is a provider of health insurance services. Company provides healthcare plans to individuals and families, and businesses of all sizes in Utah, Wyoming, and Idaho.

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Buyer(S) 1

Buyer

Coventry Health Care

Bethesda, Maryland, United States

website

Category Company
Founded 1986
Sector Insurance
Employees14,400
DESCRIPTION

Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.

DEAL STATS #
Overall 8 of 15
Sector (Insurance) 5 of 7
Type (Add-on Acquisition) 8 of 14
State (Utah) 1 of 1
Country (United States) 8 of 15
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-01 PersonalCare Insurance of Illinois

Champaign, Illinois, United States

PersonalCare Insurance of Illinois, Inc. is a provider of health insurance products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 OmniCare Health Plan

Detroit, Michigan, United States

OmniCare Health Plan, Inc. is a provider of healthcare services.

Buy -
Mergr

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