UVa Sells QualChoice

The University of Virginia has sold their HMO, QualChoice of Virginia to Coventry Health Care in Bethesda, MD for $12.5M. Coventry provides coverage in Delaware, Georgia, Illinois, Indiana, Iowa, Kansas, Lousiana, Maryland, Missouri, Nebraska, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. UVa’s CEO Leonard Sandridge told WINA that running QualChoice had become a distraction. A condition of the sale is that Coventry Health Care will have a five-year contract with UVa. Hopefully, this won’t result in UVa being in a similar situation in 2006 to Stanford’s current situation.

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