Tuesday, July 31, 2007

Coventry Health profit rises on cost management

(Reuters) - NEW YORK, July 31 - U.S. health insurer Coventry Health Care Inc. on Tuesday posted a 12 percent rise in quarterly profit, boosted by better management of medical costs and an increase in Medicare membership.



Second-quarter net income rose to $151.3 million, or 96 cents per share, compared with $135.5 million, or 84 cents, a year earlier.


Read more at Reuters.com Market News

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