CVS CVS Health Corporation

   By Stephen Nakrosis 
 

Mitchell | Genex said Monday it agreed to acquire Coventry Workers' Comp Services, currently a division of Aetna, from CVS Health Corp.

Financial terms of the deal weren't disclosed.

Mitchell | Genex said Coventry provides care and cost management programs for workers' compensation and auto insurance carriers, third-party administrators, and self-insured employers.

Coventry has about 2,000 workers, and following the close of the deal, will continue to operate under its brand, Mitchell | Genex said. It will continue to be led by its president and chief executive, Art Lynch.

Mitchell | Genex said the acquisition "will expand its capabilities, and add Coventry's leading PPO network to its continuum of care and cost containment offerings. The inclusion of Coventry Workers' Comp Services will make the company one of the country's premier workers' compensation and auto network providers."

Mitchell | Genex said it provides cost containment technology, clinical services, and disability management.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 02, 2020 18:58 ET (23:58 GMT)

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