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Principal Health Care

Bethesda, Maryland, United States

Ownership: Private
Development stage: Other

Overview

Principal Health Care was a major managed care and health insurance provider that operated as a subsidiary of the Principal Financial Group. The company provided a range of health benefit plans, including Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs), to employers and individuals across various U.S. markets. In the late 1990s, the company was a significant player in the consolidation of the managed care industry. It was ultimately acquired by Coventry Health Care in 1998 for approximately $375 million, which significantly expanded Coventry's geographic footprint and membership base.

Industry: Non-Academic Healthcare

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