Hearing is today on PHS-Coventry sale

The Kansas Insurance Department will have a fact-finding hearing from 1 to 3 p.m. today on the proposed sale of Preferred Health Systems to Coventry Health Care.

The hearing will be in the CAC Theatre on the Wichita State University campus.

The hearing is open to the public.

A less formal public hearing was conducted on Monday.

The proposed sale was announced in early October; the parties said then that they expected it to be completed in 90 to 120 days.

Insurance Commissioner Sandy Praeger has said she has no timetable for her decision on the sale.