OverviewSuggest Edit

Magellan Health is a company engaged in the healthcare management business. Its 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.

TypePublic
Founded1969
HQScottsdale, AZ, US
Websitemagellanhealth.com
Employee Ratings3.3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)9,000(-10%)
Job Openings472
Revenue (FY, 2020)$4.6 B(-36%)
Share Price (Oct 2021)$94.6
Cybersecurity ratingBMore
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Key People/Management at Magellan Health

Kenneth J. Fasola

Kenneth J. Fasola

Chief Executive Officer
Steven J. Shulman

Steven J. Shulman

Chairman
James Murray

James Murray

President and Chief Operating Officer
John Littel

John Littel

Chief External Affairs Officer
Mostafa Kamal

Mostafa Kamal

Chief Executive Officer, Magellan Rx Management
David Bourdon

David Bourdon

Chief Financial Officer
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Magellan Health Office Locations

Magellan Health has offices in Scottsdale and Maryland Heights
Scottsdale, AZ, US (HQ)
4800 N Scottsdale Rd #4400
Maryland Heights, MO, US
14100 Magellan Plaza
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Magellan Health Financials and Metrics

Magellan Health Revenue

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Magellan Health's revenue was reported to be $4.58 b in FY, 2020 which is a 36.1% decrease from the previous period.
USD

Revenue (Q1, 2021)

1.2b

Gross profit (Q1, 2021)

290.1m

Gross profit margin (Q1, 2021), %

25%

Net income (Q1, 2021)

27.8m

Market capitalization (15-Oct-2021)

2.5b

Closing stock price (15-Oct-2021)

94.6

Cash (31-Mar-2021)

456.3m

EV

2.6b
Magellan Health's current market capitalization is $2.5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

7.3b7.2b4.6b

Revenue growth, %

(2%)(36%)

Cost of goods sold

6.0b5.8b3.6b

Gross profit

1.3b1.3b999.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

1.7b1.8b1.8b1.8b1.1b1.2b1.2b

Cost of goods sold

1.4b1.5b1.5b1.4b849.9m924.7m871.6m

Gross profit

307.7m325.3m333.7m356.5m250.2m245.4m290.1m

Gross profit Margin, %

18%18%18%20%23%21%25%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

272.3m325.2m1.1b

Accounts Receivable

756.1m890.1m743.5m

Inventories

40.8m45.0m43.3m

Current Assets

1.5b1.7b2.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

233.4m260.4m376.7m384.0m160.4m152.1m456.3m

Accounts Receivable

779.9m810.4m812.7m923.7m753.1m769.2m793.5m

Inventories

47.2m45.6m48.4m42.3m36.7m37.6m46.4m

Current Assets

1.6b1.6b1.7b1.8b2.3b2.3b2.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

24.2m55.9m382.3m

Depreciation and Amortization

132.7m131.5m118.7m

Inventories

127.0k(4.1m)1.6m

Accounts Payable

9.1m56.8m225.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

431.0k14.0m35.3m18.3m101.8m113.4m27.8m

Depreciation and Amortization

30.7m64.2m98.4m28.7m58.0m88.1m21.4m

Inventories

(6.3m)(4.8m)(7.6m)2.6m8.3m7.3m(3.1m)

Accounts Payable

20.4m20.8m84.0m52.7m63.0m110.7m(76.2m)
USDFY, 2018

EV/CFO

11.2 x

Revenue/Employee

696.6k

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.3 x

P/E Ratio

58.6
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Magellan Health Operating Metrics

Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Offices

685549

Office Space, sq. ft.

1.1 m948 k886 k

Customers (Healthcare Providers)

220 k265 k170 k

Commercial Network Claims

7.55 k15.1 k22.8 k31.32 k6.85 k13.9 k20.81 k28 k6.74 k11.66 k20.77 k27.98 k
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Magellan Health Acquisitions / Subsidiaries

Company NameDateDeal Size
Bayless Healthcare GroupDecember 22, 2020
Senior Whole HealthJuly 13, 2017
Veridicus HealthNovember 21, 2016
Armed Forces Services CorporationMay 16, 2016
4-D Pharmacy Management Systems, LLCMarch 18, 2015
Cobalt Therapeutics, LLCJuly 01, 2014
CDMIApril 01, 2014
Partners Rx ManagementSeptember 09, 2013$100 m
AlphaCare HoldingsAugust 27, 2013
ICORE HealthcareJuly 31, 2006$210 m
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Magellan Health Revenue Breakdown

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Magellan Health revenue breakdown by business segment: 49.2% from Managed care and other and 50.8% from Pharmacy Benefit Management

Human Capital Metrics

Source: www.sec.gov
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Magellan Health Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Magellan Health Online and Social Media Presence

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Magellan Health Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    C+

    66/100

  • Compensation

    D

    51/100

  • Diversity

    D-

    49/100

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Magellan Health News and Updates

Centene Announces Expiration of Hart-Scott-Rodino Waiting Period with Respect to the Company's Proposed Acquisition of Magellan Health Inc.

ST. LOUIS, March 15, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) has announced that as of 11:59 p.m. on March 12th, 2021, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the Company's proposed acquisition of Magellan Health Inc....

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Magellan Health, Inc. - MGLN

NEW YORK, Jan. 8, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating Magellan Health, Inc. ("MGLN" or the "Company") (MGLN) relating to...

Centene to Acquire Magellan Health in $2.2 Billion Deal

Centene to Acquire Magellan Health in $2.2 Billion Deal

Insurer Centene to buy Magellan Health in a $2.2 billion deal

Health insurer Centene said on Monday it would buy Magellan Health in a deal valued at $2.2 billion, including debt.

Centene Signs Definitive Agreement to Acquire Magellan Health

ST. LOUIS and PHOENIX, Jan. 4, 2021 /PRNewswire/ -- Centene Corporation (NYSE: CNC) and Magellan Health, Inc. (NASDAQ: MGLN) today announced that they have entered into a definitive merger agreement under which Centene will acquire Magellan Health for $95 per share in cash for a total...

Magellan Health is granting its customers access to Livongo's suite of behavioral health tools

Summary List PlacementManaged healthcare company Magellan Health is making digital therapeutics (DTx) bellwether Livongo's portfolio of behavioral health tools available to its members—and the duo plans to jointly develop and roll out digital mental health solutions in the future. Livongo for Behav…
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Magellan Health Blogs

“Taking action to prevent suicide” webinar Q&A

By Dr. Beall-Wilkins and Dr. Jamie Hanna Magellan Health hosted a free webinar for September Suicide Prevention Awareness Month. If your question wasn’t answered during the webinar, or if you would just like to learn more about suicide prevention, read on for information shared by our webinar presen…

Magellan Health Taps Healthcare Experts for Magellan Health Studio Advisory Council

Magellan Health Taps Healthcare Experts for Magellan Health Studio Advisory Council Content Import Wed, 10/13/2021 - 06:30 Magellan Health Taps Healthcare Experts for Magellan Health Studio Advisory Council Oct 13, 2021 This release is a backfill from a News Wi…

Seeking alternative solutions for chronic pain in today’s world

By Caroline Bohn, R.N., Senior Care Manager, Magellan Behavioral Health of Pennsylvania Millions of Americans suffer with chronic pain issues, every day of their lives. Conditions such as migraines, back injuries, fibromyalgia, or neuropathy, for example, can cause serious, ongoing pain. Ongoing chr…

Magellan Rx Pharmacy Earns NABP Digital Pharmacy Accreditation

Magellan Rx Pharmacy Earns NABP Digital Pharmacy Accreditation Content Import Thu, 10/07/2021 - 06:30 Magellan Rx Pharmacy Earns NABP Digital Pharmacy Accreditation Oct 7, 2021 This release is a backfill from a News Wire General Genera…

What is Collaborative Care?

Behavioral health is an important indicator of a society’s overall wellbeing, as it interacts closely with physical health. Unfortunately, most individuals do not receive the behavioral health treatment they need. Fear of treatment, shame, and embarrassment keep many from seeking care. More than one…

Magellan Healthcare Debuts High-Touch, High-Tech Collaborative Care Management Solution Powered by NeuroFlow

The collaboration will increase access to screening, enabling medical providers to identify and treat behavioral health conditions at scale PHOENIX --(BUSINESS WIRE)--Oct. 4, 2021-- Magellan Healthcare , the behavioral and specialty healthcare division of Magellan Health, Inc.
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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 Kenneth J. Fasola, Steven J. Shulman and James Murray.

  • How many employees does Magellan Health have?

    Magellan Health has 9,000 employees.

  • What is Magellan Health revenue?

    Latest Magellan Health annual revenue is $4.6 b.

  • What is Magellan Health revenue per employee?

    Latest Magellan Health revenue per employee is $508.6 k.

  • Who are Magellan Health competitors?

    Competitors of Magellan Health include Health Advocate, Aetna and WellCare Health Plans.

  • Where is Magellan Health headquarters?

    Magellan Health headquarters is located at 4800 N Scottsdale Rd #4400, Scottsdale.

  • Where are Magellan Health offices?

    Magellan Health has offices in Scottsdale and Maryland Heights.

  • How many offices does Magellan Health have?

    Magellan Health has 2 offices.