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Coventry Health Care Agrees to Acquire Vista Healthplans

July 12, 2007

Coventry Health Care has announced plans to acquire Vista Healthplans. Physicians who see patients with Vista coverage can still do so. Until further notice, do business as usual.
- Health First Network

Press Release by Coventry Health Care, released July 9, 2007:

Bethesda, Md. - Coventry Health Care, Inc. today announced that it has signed a definitive agreement to acquire privately-owned Florida Health Plan Administrators, LLC, owner of vista Healthplans. the Sunrise-based diversified health plan serves approximately 295,000 members.
"Coventry is delighted to enter the Florida market and expand its national footprint," said Thomas P. McDonough, president of Coventry. "Vista has estblished itself as a strong local-based health plan serving commerical employers, individuals and governmental agencies. Coventry and the local vista management team will team up to bring Coventry's enhanced technology, its full suit of products and its financial strength to the Florida marketplace, creating a strong local presence with national stability. Coventry's balance sheet, with over $6 billion in assets, will stand behind Vista."
Coventry will acquire Vista Healthplans for $685.00 million in an all-cash transaction expected to close in 90 to 180 days subject to closing conditions, regulatory and other customary approvals. Conventry will continue operations from vista's Sunrise headquarters and will tap the local expertise of the Vista management team. Vista will operate as a wholly-owned subsidiary of publicly traded Coventry Health Care, Inc.
"This was an excellent decision for Vista's major stakeholders - our employees, providers, customers and members," said Steven M. Scott, M.D., chief executive officer of Vista. "The transaction will allow Vista to offer additional products in the marketplace, increasing our competitive strength and ability to gain new customers."
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are defined as statements that are no historical facts and include those statments relating to future events or future financial performance. Actual performance may be significantly impacted by certain risks and uncertainties, including those described in Coventry's Annual Report on Form 10-K for the year ended December 31, 2006 and Coventry's Form 10-Q for the quarter ended March 31, 2007. Coventry undertakes no obligation to update or revise any forward-looking statements.
Coventry Health Care ( is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers' compensation services companies. Through its Commercial Business, Individual Consumer & Government Business, and Specialty Business Divisions, Coventry provides a full range of risk and fee-nased managed care products and services to a broad cro

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