Post 200: Top D.C.-Area Businesses

Coventry Health Care / CVH

About Coventry Health Care

6705 Rockledge Dr., Suite 900, Bethesda, Md. 20817
www.cvty.com | 301-581-0600 | Founded: 1986

Industry: Health Care | Category: Public Companies

A large part of Coventry's year was spent on a national rollout of the Medicare Part D prescription drug benefit that began in January 2006. The company boasts that it ranks sixth among the private insurers providing the Part D plan.
Coventry said in February that it will buy Concentra Operating's workers' compensation managed-care business for $387.5 million. The Concentra units provide bill-review and case-management services, medical exams and pharmacy-benefits management for workers' compensation programs, which generated about $324 million in revenue in 2006, the companies said.
Coventry and Concentra, of Addison, Tex., expect the transaction, which is subject to regulatory approval, to close this year.

Chairman and CEO: Allen Wise

2006 Financial Data

Revenues: $7,733,756,000 | Net Income: $560,045,000
Asssets: $5,665,107,000 | Earnings Per Share: $3.47
Total employees: 10,250 | Local employees: 300

Company Leadership

Dale B. Wolf CEO
Thomas P. McDonough President
Harvey C. DeMovick Jr. EVP
Francis S. Soistman Jr. EVP
Shawn M. Guertin EVP and CFO

Source: Compensation data provided by Equilar, Inc..

Dale B. Wolf
CEO
$12,937,001
Salary: $850,000
Thomas P. McDonough
President
$9,432,787
Salary: $850,000
Harvey C. DeMovick Jr.
EVP
$4,670,942
Salary: $600,000
Francis S. Soistman Jr.
EVP
$4,119,697
Salary: $525,000
Shawn M. Guertin
EVP and CFO
$3,402,288
Salary: $475,000

Did You Know

Coventry Health Care Inc. is a managed-health-care firm that offers HMOs and insurance plans under various trade names. It has some of the highest profit margins in the business due to low administrative costs.

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