Provider Synergies & Coventry Health Care
Provider Synergies has been acquired by Coventry Health Care
Decosimo acted as exclusive financial and sell-side advisor.
Chattanooga, Tennessee – Decosimo Corporate Finance, LLC is pleased to announce the sale of Provider Synergies, LLC to Coventry Health Care, Inc. Decosimo served as the exclusive sell-side advisor for JKB.
With the addition of Provider Synergies to the Coventry family, which also includes First Health Services Corporation, Coventry companies will now contract with 26 states to provide Preferred Drug List and/or Supplemental Rebate program administration services. The combined resources of Provider Synergies, First Health Services, and Coventry will enable Coventry to provide expanded, comprehensive clinical services to its clients.
Together, Provider Synergies and First Health Services manage the PDL for nearly 14 million lives and approximately $13.5 million in drug expenditures. The companies boast the first and largest two multi-state pharmaceutical purchasing pools in the nation, TOP$ (Provider Synergies) and NMPI (First Health Services).