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Mitchell/Genex to acquire Coventry Workers Comp

Posted On: Mar. 2, 2020 4:42 PM CST

M&A

Mitchell International Inc. will acquire Coventry Workers Comp Services from CVS Health, the company announced in a statement Monday.

Financial terms of the deal were not disclosed.

Under terms of the acquisition, Mitchell/Genex, which includes San Diego-based Mitchell and Wayne, Pennsylvania-based Genex Services LLC, a division of Mitchell, will add Coventry’s preferred provider organization to its cost containment and clinical services and gain 2,000 employees.

Coventry, a provider of care and cost management programs for workers compensation, auto insurance, third-party administrators and self-insured employers, had been a division of Aetna, a CVS company. Downers Grove, Illinois-based Coventry will continue to be led by president and CEO Art Lynch and operate under its brand, according to the statement.

In December, Mitchell/Genex acquired managed care services firm CompAlliance LLC, based in Kansas City, Missouri.