MANAGED CARE STOCKS RISE 1.7% Managed care stocks rose 1.7% in the two weeks ended Feb. 9, according to an MHMR tally of 13 issues.
COVENTRY TO BUY CONCENTRA WORKERS’ COMP LINES Coventry Inc. (Bethesda, MD) has agreed to acquire the workers’ compensation managed care services businesses of Concentra Inc. (Addison, TX) for $387.5 million in cash.
CIGNA NAMES O’NEILL PACIFIC NW MEDICAL DIRECTOR Cigna HealthCare, a unit of Cigna Corp. (Philadelphia), appointed Mary Kay O’Neill, M.D., as medical director for the company’s Pacific Northwest region.
4Q06 MCO NET RISES 32% Fourth-quarter 2006 net income for 13 publicly traded managed care companies soared 32% to $2.815 billion.
