| Type | Public |
| HQ | Scottsdale, US |
| Founded | 1969 |
| Size (employees) | 10,700 (est)+11% |
| Website | magellanhealth.com |
Magellan Health was founded in 1969 and is headquartered in Scottsdale, US
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Viewing summary data as a guest
Sign up for free to see all dataKey People/Management at Magellan Health
Barry M. Smith
Chairman & CEO
Jonathan N. Rubin
CFO
Daniel N. Gregoire
General Counsel
Caskie Lewis-Clapper
Chief Human Resources Officer
Sam K. Srivastava
CEO, Magellan Healthcare
Mostafa Kamal
CEO, Magellan Rx Management
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Magellan Health Office Locations
Magellan Health has offices in Scottsdale, St. Louis, Brentwood and Maryland Heights
Scottsdale, (HQ)
4400 4800 N Scottsdale Rd
Brentwood,
2020 St Clair Ave
Maryland Heights,
14100 Magellan Plaza
St. Louis,
5225 Cornwall Estates Dr
St. Louis,
5367 Pershing Ave
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Magellan Health Financials and Metrics
Magellan Health Revenue
Magellan Health's revenue was reported to be $5.84 b in FY, 2017
| USD | |
|---|---|
Revenue (Q3, 2018) | 1.9b |
Gross profit (Q3, 2018) | 1.3b |
Gross profit margin (Q3, 2018), % | 69.2% |
Net income (Q3, 2018) | 27.1m |
Market capitalization (4-Dec-2018) | 1.3b |
Closing stock price (4-Dec-2018) | 55.2 |
Cash (30-Sep-2018) | 234.3m |
Magellan Health's current market capitalization is $1.3 b.
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 873.6m | 966.5m | 1.2b | 1.2b | 1.1b | 1.2b | 1.3b | 1.3b | 1.4b | 1.4b | 1.8b | 1.8b | 1.9b | |||
Cost of goods sold | 91.9m | 125.3m | 361.4m | 360.4m | 415.5m | 436.9m | 509.7m | 542.6m | 562.4m | 543.7m | 559.7m | 558.4m | 571.1m | |||
Gross profit | 781.7m | 841.2m | 796.2m | 829.6m | 701.6m | 727.4m | 782.5m | 763.0m | 856.8m | 875.7m | 1.2b | 1.3b | 1.3b | |||
Gross profit Margin, % | 89% | 87% | 69% | 70% | 63% | 62% | 61% | 58% | 60% | 62% | 69% | 69% | 69% |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 281.8m | 261.3m | 185.8m | 368.3m | 231.4m | 167.8m | 96.8m | 86.5m | 198.7m | 164.4m | 273.6m | 281.3m | 504.8m | 394.3m | 246.1m | 234.3m |
Accounts Receivable | 748.1m | 839.8m | 820.7m | |||||||||||||
Current Assets | 985.8m | 1.1b | 956.8m | 1.1b | 1.2b | 1.2b | 1.2b | 1.1b | 1.2b | 1.2b | 1.3b | 1.3b | 1.5b | 1.6b | 1.7b | 1.6b |
PP&E | 163.6m | 167.1m | 172.0m | 175.5m | 176.6m | 177.4m | 177.1m | 174.8m | 173.9m | 169.8m | 166.5m | 165.1m | 161.4m | 159.9m | 160.7m | 154.8m |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 106.8m | 24.4m | 28.7m | 54.5m | 7.2m | 11.5m | 3.7m | 13.4m | 14.7m | 40.0m | 17.5m | 22.4m | 55.6m | 11.5m | 25.0m | 52.1m |
Depreciation and Amortization | 50.8m | 20.2m | 42.7m | 66.7m | 23.5m | 48.5m | 75.2m | 25.0m | 50.6m | 77.5m | 27.0m | 54.7m | 82.9m | 30.4m | 64.3m | 97.3m |
Accounts Payable | 30.3m | (5.4m) | (28.5m) | (49.9m) | 1.2m | 11.0m | 14.1m | 23.3m | (52.8m) | (59.4m) | (70.0m) | 26.5m | 50.3m | (13.8m) | ||
Cash From Operating Activities | 171.3m | 82.8m | 137.1m | 194.2m | 44.2m | 112.7m | 178.1m | 21.1m | (66.2m) | 70.9m | (31.1m) | 3.8m | 112.7m | 81.0m | 21.1m | 34.0m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 2.3 x |
Magellan Health Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Senior Whole Health | July 13, 2017 | $400 m |
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Magellan Health Online and Social Media Presence
1.45k Twitter followers
Magellan Health has 1.45k Twitter Followers. The number of followers has increased 0.5% month over month and increased 4.3% quarter over quarter
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Magellan Health News and Updates
November 28, 2018
Magellan Health says CEO Sam Srivastava to be terminated without cause Dec. 28
Health care management company Magellan Health Inc. said Wednesday that Chief Executive Sam Srivastava will be terminated without cause on Dec. 28. The company made the disclosure in a regulatory filing without providing any further details. It said Srivastava will be entitled to 12 months' base sa…
April 27, 2018
Behavioral Rehabilitation Market Research Report 2018-2025: Acadia Healthcar, Universal Health Services, Magellan Health
Worldwide Behavioral Rehabilitation 2018 Research Report presents a professional and complete analysis of Global Behavioral Rehabilitation Market on the current situation. Posted via Industry Today. Follow us on Twitter @IndustryToday
July 13, 2017
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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Magellan Health Blogs
November 09, 2018
Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Impacted by California Wildfires
Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Impacted by California Wildfires
Content Import
Fri, 11/09/2018 - 14:40
Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Im…
November 08, 2018
Magellan Health Opens a Toll-Free Crisis Line to Provide Free Counseling and Referral Services to Residents Impacted by the Shooting in Thousand Oaks, California
Magellan Health Opens a Toll-Free Crisis Line to Provide Free Counseling and Referral Services to Residents Impacted by the Shooting in Thousand Oaks, California
Content Import
Thu, 11/08/2018 - 11:33
Magellan Health Opens a Toll-Free Crisis Line to Provide Free Counseling and Referral Ser…
November 07, 2018
Magellan Health Reports Third Quarter 2018 Financial Results
Lowers 2018 Earnings Guidance SCOTTSDALE, Ariz. --(BUSINESS WIRE)--Nov. 7, 2018-- Magellan Health, Inc. (NASDAQ: MGLN) today announced financial results for the third quarter ended September 30, 2018 , as summarized below: Three Months Ended Nine Months Ended September 30 September 30 (In
October 27, 2018
Magellan Health Opens a Toll-Free Crisis Line to Provide Free Counseling and Referral Services to Residents Impacted by the Shooting in Pittsburgh
Counseling and resources available free-of-charge to local community SCOTTSDALE, Ariz. --(BUSINESS WIRE)--Oct. 27, 2018-- Magellan Health, Inc . (NASDAQ:MGLN) today announced that it will open a free 24-hour crisis line for any individuals affected by the shooting that occurred at the Tree of Life
October 24, 2018
Magellan Rx Management’s Third Annual Medicaid Pharmacy Trend Report Highlights Opportunities for Medicaid Fee-for-Service Pharmacy Programs
SCOTTSDALE, Ariz. --(BUSINESS WIRE)--Oct. 24, 2018-- Magellan Rx Management, the full-service pharmacy benefits management division of Magellan Health, Inc. (NASDAQ:MGLN), today released its third annual Medicaid Pharmacy Trend Report . Developed through in-depth data analysis and supported by
October 17, 2018
Magellan Rx Management Launches New Predictive Analytic Capabilities with MRx Predict
Magellan Rx Management Launches New Predictive Analytic Capabilities with MRx Predict
Paul.alfano@na…
Wed, 10/17/2018 - 06:31
Magellan Rx Management Launches New Predictive Analytic Capabilities with MRx Predict
Oct 17, 2018
This release is a backfill from a Ne…
Magellan Health Company Life and Culture
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Magellan Health Frequently Asked Questions
When was Magellan Health founded?
Magellan Health was founded in 1969.
Who are Magellan Health key executives?
Magellan Health's key executives are Barry M. Smith, Jonathan N. Rubin and Daniel N. Gregoire.
How many employees does Magellan Health have?
Magellan Health has 10,700 employees.
What is Magellan Health revenue?
Latest Magellan Health annual revenue is $5.8 b.
What is Magellan Health revenue per employee?
Latest Magellan Health revenue per employee is $545.7 k.
Who are Magellan Health competitors?
Competitors of Magellan Health include eviCore healthcare, Molina Healthcare and WellCare Health Plans.
Where is Magellan Health headquarters?
Magellan Health headquarters is located at 4400 4800 N Scottsdale Rd, Scottsdale.
Where are Magellan Health offices?
Magellan Health has offices in Scottsdale, St. Louis, Brentwood and Maryland Heights.
How many offices does Magellan Health have?
Magellan Health has 5 offices.