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Coventry Replaces Anderson With Ernst

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NU Online News Service, May 15, 11:10 a.m. – Coventry Health Care Inc., Bethesda, Md., says its board has appointed Ernst & Young L.L.P., New York, as the company’s independent auditors, replacing Arthur Andersen L.L.P., Chicago, effective with the fiscal quarter ending June 30.

Coventry made the decision to replace Arthur Andersen after careful evaluation by Coventry’s management, its audit committee, and its board, Coventry says.

The decision to replace Arthur Andersen was not the result of any disagreement between the company and Arthur Andersen on any accounting principles, financial statement presentations, or other accounting matters, the Coventry says.