Magellan Health and Molina Healthcare Enter Into Definitive Agreements to Divest Magellan Complete Care and Establish Commercial Relationship for Multiple Magellan Services
Magellan Health, Inc. (MGLN)
Last magellan health, inc. earnings: 2/28 06:30 am
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Source: Business Wire
Magellan Complete Care divestiture provides Magellan with compelling value for stockholders, improves strategic focus and enhances flexibility to fund future growth initiativesTransaction includes purchase price of $850 millionMagellan Health will receive an amount equal to any excess capital above regulatory requirements at Magellan Complete Care subsidiaries at closing, which was approximately $75 million at December 31, 2019Commercial agreements with Molina include an integrated behavioral health pilot program, specified utilization management and medical pharmacy servicesMagellan will continue to provide certain pharmacy benefit management services for Magellan Complete CareMagellan to strategically focus on enhancing behavioral and specialty health, as well as continued growth of pharmacy business PHOENIX--(BUSINESS WIRE)--Magellan Health, Inc. (NASDAQ: MGLN), one of the nation’s leaders in managing complex, high cost healthcare, today announced that it has entered into a defi
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