Magellan Health is engaged in the healthcare management business. The Company's segments include Healthcare, Pharmacy Management and Corporate. The Healthcare segment includes management of behavioral healthcare services and employee assistance program services, management of other specialty areas, behavioral and pharmaceutical healthcare for special populations, delivered through Magellan Complete Care; the Pharmacy Management segment consists of products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs; the Corporate segment consists primarily of operational support functions.

Type
Public
HQ
Scottsdale, US
Founded
1969
Size (employees)
9,700 (est)
Magellan Health was founded in 1969 and is headquartered in Scottsdale, US
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Magellan Health Office Locations

Magellan Health has offices in St. Louis, Brentwood, Maryland Heights and Scottsdale
Scottsdale, US (HQ)
4400 4800 N Scottsdale Rd
Brentwood, US
2020 St Clair Ave
Maryland Heights, US
14100 Magellan Plaza
St. Louis, US
5225 Cornwall Estates Dr
St. Louis, US
5367 Pershing Ave
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Magellan Health Financials and Metrics

Magellan Health Financials

Magellan Health's revenue was reported to be $4.84 b in FY, 2016 which is a 5.2% increase from the previous period.
USD

Revenue (Q2, 2017)

1.4 b

Gross profit (Q2, 2017)

856.8 m

Gross profit margin (Q2, 2017), %

60.4%

Net income (Q2, 2017)

4.9 m

Market capitalization (23-Apr-2018)

2.6 b

Cash (30-Jun-2017)

281.3 m

EV

2.5 b
Magellan Health's current market capitalization is $2.6 b.
Annual
usdFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.2 b3.5 b3.8 b4.6 b4.8 b

Revenue growth, %

11%6%22%5%

Cost of goods sold

328.4 m455.6 m732.9 m1.3 b456.7 m

Gross profit

2.9 b3.1 b3 b3.3 b4.4 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

873.6 m966.5 m1.2 b1.2 b1.1 b1.2 b1.3 b1.3 b1.4 b

Cost of goods sold

91.9 m125.3 m361.4 m360.4 m415.5 m436.9 m509.7 m542.6 m562.4 m

Gross profit

781.7 m841.2 m796.2 m829.6 m701.6 m727.4 m782.5 m763 m856.8 m

Gross profit Margin, %

89%87%69%70%63%62%61%58%60%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

196.5 m337.2 m119.9 m189.5 m203.2 m255.3 m115.4 m304.5 m

Accounts Receivable

Inventories

Current Assets

989.4 m1.2 b1.1 b1.3 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

281.8 m261.3 m185.8 m368.3 m231.4 m167.8 m96.8 m86.5 m198.7 m164.4 m273.6 m281.3 m

Current Assets

985.8 m1.1 b956.8 m1.1 b1.2 b1.2 b1.2 b1.1 b1.2 b1.2 b1.3 b1.3 b

PP&E

163.6 m167.1 m172 m175.5 m176.6 m177.4 m177.1 m174.8 m173.9 m169.8 m166.5 m165.1 m

Goodwill

426.9 m488.2 m557.4 m566.1 m574.8 m623.8 m623.9 m634.5 m634.6 m716.9 m742.8 m746 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

125.3 m74.2 m75.8 m

Depreciation and Amortization

72 m91.1 m27.6 m106 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

106.8 m24.4 m28.7 m54.5 m7.2 m11.5 m3.7 m13.4 m14.7 m40 m17.5 m22.4 m

Depreciation and Amortization

50.8 m20.2 m42.7 m66.7 m23.5 m48.5 m75.2 m25 m50.6 m77.5 m27 m54.7 m

Cash From Operating Activities

171.3 m82.8 m137.1 m194.2 m44.2 m112.7 m178.1 m21.1 m(66.2 m)70.9 m(31.1 m)3.8 m

Cash From Investing Activities

(52.2 m)(13.2 m)(122.6 m)(179.6 m)(71.4 m)(171 m)(218.6 m)(43.9 m)(10.8 m)(163.7 m)(20.7 m)(35.7 m)
USDY, 2017

EV/CFO

648.5 x

EV/FCF

-108.3 x

Revenue/Employee

146.3 k

Financial Leverage

2.2 x
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Magellan Health Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Senior Whole Health July 13, 2017$400 m
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Magellan Health News and Updates

Magellan Health to buy PE-backed Senior Whole Health for about $400 mln

Magellan Health Inc has agreed to acquire Senior Whole Health, which is backed by TA Associates, for about $400 million in cash. SWH is a healthcare company that provides Medicare and Medicaid benefits to more than 22,000 members in Massachusetts and New York.
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