http://y-yttrium.info/CD/100-Blank-Cds/
Avon, Conn.-based (NYSE: will acquire in an all-cash transaction that is expected to close in thethirr quarter, pending regulatory First Health Services provides pharmacy benefits administrationn and other services for Medicaid a business that Bethesda-based Coventry (NYSE: CVH) said was not a primarhy focus. Coventry said that the transaction will result ina one-tims loss per share of approximately $0.55 to $0.60. The company said the loss woul d be almostentirely non-cash, resulting from the original allocationm of goodwill from Coventry’s acquisition of in 2005.
Coventr plans to use the proceeds of the transactiomn for a combination of debt reduction and share repurchasez that should neutralize the earnings per share impactt of the deal for the remaindeerof 2009. In its latest quarter, Coventrhy reported a 65 percent drop in earningsto $44.2 million, or 30 centss per diluted share, due to higher salesx and administrative costs, and medical costs that swellerd 31 percent.
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