COVENTRY HEALTH CARE INC
			Symbol			CVH

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Coventry Health Care Reports Third Quarter Earnings and Increases Full Year 2009 Guidance

2009-10-30 06:30 ET - News Release

GAAP Earnings of $0.48 per Diluted Share; Adjusted Earnings of $0.66 per Diluted Share

BETHESDA, Md. -- (Business Wire)

Coventry Health Care, Inc. (NYSE:CVH) today reported consolidated operating results for the quarter ended September 30, 2009. Operating revenues totaled $3.4 billion for the quarter with GAAP net earnings of $70.6 million, or $0.48 earnings per diluted share (EPS). Excluding the impact of the First Health Services Corporation (FHSC) divestiture in the third quarter, which resulted in a net charge of $26.7 million, or $0.18 per diluted share, adjusted net earnings were $97.3 million, or $0.66 per diluted share.⁽¹⁾

Excluding the impact of the FHSC divestiture, the Company is increasing its full year 2009 adjusted EPS guidance to a range of $2.01 to $2.03, an increase of $0.12 from the midpoint of the prior EPS range of $1.85 to $1.95. GAAP EPS for the full year is now expected to be in a range of $1.45 to $1.47 as the Company has recorded a largely non-cash full year charge of $0.56 per diluted share as a result of the FHSC divestiture, as outlined on page two.

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