Coventry Enters Into Civil Settlement Agreement With U.S. Attorney’s Office for the District of Maryland, Northern Division

BETHESDA, Md.--(BUSINESS WIRE)--Coventry Health Care, Inc. (NYSE: CVH) has entered into a civil monetary settlement agreement with the U.S. Attorney’s Office for the District of Maryland, Northern Division. This agreement is the result of a previously disclosed subpoena and subsequent investigation into the Company’s operational process for confirming Medicare eligibility for its Workers’ Compensation set-aside product. The Company fully cooperated with the investigation. According to the agreement, Coventry will pay a $3 million fine which had been previously accrued by the Company, and no civil or criminal charges will be filed. The Company has been informed by the U.S. Attorney’s Office that with this agreement, the matter is closed at all governmental levels and agencies.