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News Update: Coventry Health Trending Higher on Deal to Buy Private Mercy Health Plans

Posted in: Health

Jun 30, 2010 — Coventry Health Care (CVH) is trending higher at mid-day after announcing this morning that it will acquire privately held Mercy Health Plans in St. Louis. Terms of the deal were not disclosed. The stock slipped 6 cents at the bell to open at .62, and fell to .59 before reversing direction and hitting a high of .06. It’s trading just off that mark at mid-day up 1.75% at .99 The acquisition is expected to close in the before the end of the year, and Coventry expects the deal to be accretive to 2011 earnings.
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News Update: Coventry Health Trending Higher on Deal to Buy Private Mercy Health Plans

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