Add-on Acquisition • Insurance

Coventry Health Care Acquires Mid America Health Plan

On December 1, 2002, Coventry Health Care acquired insurance company Mid America Health Plan

Acquisition Context
  • This is Coventry Health Care’s 4th transaction in the Insurance sector.
  • This is Coventry Health Care’s 7th transaction in the United States.
  • This is Coventry Health Care’s 1st transaction in Missouri.

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M&A Deal Summary

Date December 1, 2002
Target Mid America Health Plan
Sector Insurance
Buyer(s) Coventry Health Care
Deal Type Add-on Acquisition

Target Company

Mid America Health Plan

Kansas City, Missouri, United States
Mid America Health Plan, Inc. is a provider of healthcare insurance products.
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Buyer Overview 1

Buyer

Coventry Health Care

Bethesda, Maryland, United States

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 Context for Buyer #
Overall 7 of 15
Sector: Insurance 4 of 7
Type: Add-on Acquisition 7 of 14
State: Missouri 1 of 1
Country: United States 7 of 15
Year: 2002 2 of 2
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
2003-07-09 Altius Health Plan

South Jordan, Utah, United States

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.

Buy -