OverviewSuggest Edit

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.

TypePublic
Founded1969
HQScottsdale, US
Websitemagellanhealth.com
Employee Ratings3

Latest Updates

Employees (est.) (Feb 2019)10,700
Job Openings502
Revenue (FY, 2018)$7.3 B(+26%)
Share Price (Mar 2019)$67.2 (+5%)

Key People/Management at Magellan Health

Barry M. Smith

Barry M. Smith

Chairman & CEO
Jonathan N. Rubin

Jonathan N. Rubin

CFO
Daniel N. Gregoire

Daniel N. Gregoire

General Counsel
Caskie Lewis-Clapper

Caskie Lewis-Clapper

Chief Human Resources Officer
Sam K. Srivastava

Sam K. Srivastava

CEO, Magellan Healthcare
Mostafa Kamal

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, US (HQ)
4800 N Scottsdale Rd #4400
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 Revenue

Magellan Health's revenue was reported to be $7.31 b in FY, 2018
USD

Revenue (FY, 2018)

7.3b

Gross profit (FY, 2018)

5.0b

Gross profit margin (FY, 2018), %

68.8%

Net income (FY, 2018)

24.2m

Market capitalization (18-Mar-2019)

1.6b

Closing stock price (18-Mar-2019)

67.2

Cash (31-Dec-2018)

272.3m
Magellan Health's current market capitalization is $1.6 b.
Annual
usdFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.2b3.5b3.8b4.6b4.8b5.8b7.3b

Revenue growth, %

11%6%22%5%

Cost of goods sold

328.4m455.6m732.9m1.3b1.8b2.2b2.3b

Gross profit

2.9b3.1b3.0b3.3b3.0b3.6b5.0b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

873.6m966.5m1.2b1.2b1.1b1.2b1.3b1.3b1.4b1.4b1.8b1.8b1.9b

Cost of goods sold

91.9m125.3m361.4m360.4m415.5m436.9m509.7m542.6m562.4m543.7m559.7m558.4m571.1m

Gross profit

781.7m841.2m796.2m829.6m701.6m727.4m782.5m763.0m856.8m875.7m1.2b1.3b1.3b

Gross profit Margin, %

89%87%69%70%63%62%61%58%60%62%69%69%69%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014FY, 2015Y, 2015FY, 2016FY, 2017FY, 2018

Cash

196.5m337.2m119.9m189.5m203.2m203.2m255.3m115.4m115.4m304.5m398.7m272.3m

Accounts Receivable

756.1m

Inventories

Current Assets

989.4m989.4m1.2b1.1b1.1b1.3b1.5b1.5b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

281.8m261.3m185.8m368.3m231.4m167.8m96.8m86.5m198.7m164.4m273.6m281.3m504.8m394.3m246.1m234.3m

Accounts Receivable

748.1m839.8m820.7m

Current Assets

985.8m1.1b956.8m1.1b1.2b1.2b1.2b1.1b1.2b1.2b1.3b1.3b1.5b1.6b1.7b1.6b

PP&E

163.6m167.1m172.0m175.5m176.6m177.4m177.1m174.8m173.9m169.8m166.5m165.1m161.4m159.9m160.7m154.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

125.3m74.2m28.7m75.8m110.1m24.2m

Depreciation and Amortization

72.0m91.1m102.8m106.0m115.7m132.7m

Inventories

Accounts Payable

3.6m(36.0m)52.5m(84.4m)9.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

106.8m24.4m28.7m54.5m7.2m11.5m3.7m13.4m14.7m40.0m17.5m22.4m55.6m11.5m25.0m52.1m

Depreciation and Amortization

50.8m20.2m42.7m66.7m23.5m48.5m75.2m25.0m50.6m77.5m27.0m54.7m82.9m30.4m64.3m97.3m

Accounts Payable

30.3m(5.4m)(28.5m)(49.9m)1.2m11.0m14.1m23.3m(52.8m)(59.4m)(70.0m)26.5m50.3m(13.8m)

Cash From Operating Activities

171.3m82.8m137.1m194.2m44.2m112.7m178.1m21.1m(66.2m)70.9m(31.1m)3.8m112.7m81.0m21.1m34.0m
USDY, 2018

Revenue/Employee

717.1k

Financial Leverage

2.3 x
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Magellan Health Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Senior Whole HealthJuly 13, 2017$400 m
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Magellan Health Online and Social Media Presence

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Magellan Health News and Updates

Starboard calls on Magellan Health to explore a sale, nominates 'full slate' for board of directors

Activist investor Starboard Value LP called on Magellan Health Inc. to explore "all potential strategic alternatives," including a sale of the company, to unlock shareholder value. Starboard, which said it owns 9.8% of the healthcare management company's outstanding shares, also nominated a "full s…

Exclusive: Starboard target Magellan Health to explore potential sale - sources

(Reuters) - U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc will explore selling itself after coming under pressure to do so from activist hedge fund Starboard Value LP, people familiar with the matter said on Wednesday.

Hepatitis B Therapeutics Market Opportunity Analysis and Industry Forecast, 2019-2024|Acadia Healthcare Co., Inc., Universal Health Services, Inc., Magellan Health Inc., National Mentor Holdings Inc.,

Hepatitis B Therapeutics Market research, Hepatitis B Therapeutics Market size, Hepatitis B Therapeutics Market analysis, Hepatitis B Therapeutics Market overview, Hepatitis B Therapeutics Market application, Hepatitis B Therapeutics Market trends, Hepatitis B Therapeutics Market m…

Jeff Smith's Starboard builds 9.8% stake in Magellan Health

Activist hedge fund Starboard Value has accrued a 9.8 percent stake in small health insurer and pharmacy-benefits manager Magellan Health.

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…

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
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Magellan Health Blogs

Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Impacted by Floods in California

Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Impacted by Floods in California Content Import Thu, 02/28/2019 - 12:02 Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Im…

Magellan Health Reports Fourth Quarter and Full Year 2018 Financial Results

Magellan Health Reports Fourth Quarter and Full Year 2018 Financial Results Paul.alfano@na… Thu, 02/28/2019 - 06:33 Magellan Health Reports Fourth Quarter and Full Year 2018 Financial Results Feb 28, 2019 This release is a backfill from a News Wire …

Magellan Health to Consider Director Nominations

Magellan Health to Consider Director Nominations Content Import Fri, 02/22/2019 - 09:35 Magellan Health to Consider Director Nominations Feb 22, 2019 This release is a backfill from a News Wire General General …

Magellan Rx Management Medical Pharmacy Trend Report Shows Record Increase in Commercial PMPM Trends

Ninth annual report features a comprehensive view of medical pharmacy trends in claims data, including all major lines of business SCOTTSDALE, Ariz. --(BUSINESS WIRE)--Feb. 19, 2019-- Magellan Rx Management, the pharmacy benefit management (PBM) division of Magellan Health, Inc.

Magellan Health Announces Fourth Quarter and Full Year 2018 Earnings Conference Call

SCOTTSDALE, Ariz. --(BUSINESS WIRE)--Feb. 12, 2019-- Magellan Health, Inc . (NASDAQ: MGLN) today announced that it will report its earnings for the fourth quarter and full year ended on December 31, 2018  at approximately  6:30 a.m.  Eastern on  Thursday, February 28, 2019 . At 8:30 a.m.

Magellan Health Announces Full Year 2019 Guidance

Magellan Health Announces Full Year 2019 Guidance Osama.Qureshi@… Fri, 12/07/2018 - 06:31 Magellan Health Announces Full Year 2019 Guidance Dec 7, 2018 This release is a backfill from a News Wire General General …
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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 $7.3 b.

  • What is Magellan Health revenue per employee?

    Latest Magellan Health revenue per employee is $683.6 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 4800 N Scottsdale Rd #4400, 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.