Magellan Health

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.

HQScottsdale, AZ, US
Employee Ratings3.4
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2020)9,000(-10%)
Job Openings692
Revenue (FY, 2020)$4.6 B(-36%)
Share Price (Jan 2022)$95
Cybersecurity ratingAMore
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Key People/Management at Magellan Health

Steven J. Shulman

Steven J. Shulman

James Murray

James Murray

President and Chief Operating Officer
Mostafa Kamal

Mostafa Kamal

Chief Executive Officer, Magellan Rx Management
Peter A. Feld

Peter A. Feld

Caroline Carney

Caroline Carney

Chief Medical Officer
Scott MacKenzie

Scott MacKenzie

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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.

Revenue (Q3, 2021)


Net income (Q3, 2021)


EBIT (Q3, 2021)


Market capitalization (4-Jan-2022)


Closing stock price (4-Jan-2022)


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Magellan Health's current market capitalization is $2.5 b.
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11.2 x




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Financial Leverage

2.3 x

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Magellan Health Operating Metrics

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



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

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: 50.8% from Pharmacy Benefit Management and 49.2% from Managed care and other

Human Capital Metrics

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Magellan Health Cybersecurity Score

Cybersecurity ratingPremium dataset



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Magellan Health Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset


out of 100

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Magellan Health Online and Social Media Presence

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Magellan Health Company Culture

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Magellan Health News and Updates

Centene: Regulators Have Cleared Magellan Health Deal

Centene and Magellan Health said they have obtained “all required regulatory approvals necessary” to close Centene's $2.2 billion acquisition of the behavioral health company.

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...
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Magellan Health Blogs

Magellan Health Appoints Derrick Duke as Chief Executive Officer

FRISCO, Texas –July 7, 2022 – Magellan Health, Inc. today announced that Derrick Duke has been appointed chief executive officer, succeeding former CEO Ken Fasola. Fasola has been named the executive vice president, Health Care Enterprises (HCE) at Centene.

Magellan Health Opens 24-hour Crisis Line for Individuals Impacted by Gun Violence in Chicago and Surrounding Communities Including Highland Park

Consultation and resources available at no cost to local communities FRISCO, Texas – July 6, 2022 – Magellan Health, Inc. today announced that it has opened a complimentary 24-hour crisis line for individuals impacted by gun violence in Chicago and surrounding communities, including the mass

Magellan Healthcare Provides Resources in Support of BIPOC Mental Health Awareness Month in July

FRISCO, Texas – June 24, 2022 – Magellan Healthcare , the behavioral and specialty healthcare segment of Magellan Health, Inc. , today announced resources and programs in support of Black, Indigenous and People of Color (BIPOC) Mental Health Awareness Month in July.

Creating a Respectful Gender Culture for Those in the Military

Affirmative Care for Transgender and Gender Nonconforming Persons With an estimated 14,700 transgender service members[1] and an unknown number of non-binary service members, professionals providing care for those in the military must know how to competently respond to the unique needs of transgende…

Magellan Health Opens 24-hour Crisis Line for Individuals Impacted by the Elementary School Shooting in Uvalde, Texas

Consultation and resources available at no cost to Superior HealthPlan members and local community FRISCO, Texas – May 25, 2022 – Magellan Health, Inc. today announced that it has opened a complimentary 24-hour crisis line for individuals impacted by the elementary school shooting that occurred in

Collaborative Care: The Benefits of Attending to Mind and Body Together

While up to 80% of all primary care visits include a behavioral health component, primary care providers (PCPs) may feel overwhelmed and ill-equipped to meet their patients’ behavioral health needs. Collaborative care can help. What is collaborative care? Collaborative care is a specific type of int…
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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 Steven J. Shulman, James Murray and Mostafa Kamal.

  • 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 Blue Shield of California, TOPCON and Health Advocate.

  • 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.