Coventry Health Care Completes Refinancing of Credit Facility

Coventry Health Care, Inc. (NYSE:CVH) announced today that it has entered into an $850 million five-year unsecured revolving credit facility amending and restating its existing $350 million unsecured revolving credit facility and $80 million term loan facility. The existing $80 million term loan facility has been rolled into the new revolving credit facility. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are defined as statements that are not historical facts and include those statements relating to future events or future financial performance. Actual performance may be significantly impacted by certain risks and uncertainties, including those described in Coventry’s Annual Report on Form 10-K for the year ended December 31, 2006 and Coventry’s Form 10-Q for the quarter ended March 31, 2007. Coventry undertakes no obligation to update or revise any forward-looking statements. Coventry Health Care (www.cvty.com) is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers’ compensation services companies. Through its Commercial Business, Individual Consumer & Government Business, and Specialty Business Divisions, Coventry provides a full range of risk and fee-based managed care products and services to a broad cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators.