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.

Employee Rating

3.0More
TypePublic
HQScottsdale, US
Founded1969
Size (employees)10,700 (est)+11%
Websitemagellanhealth.com
Magellan Health was founded in 1969 and is headquartered in Scottsdale, US
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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, (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
usdFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

11%6%22%5%

Cost of goods sold

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

Gross profit

2.9b3.1b3.0b3.3b3.0b3.6b
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, 2012Y, 2013FY, 2013Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

Inventories

Current Assets

989.4m989.4m1.2b1.1b1.1b1.3b1.5b
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, 2017

Net Income

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

Depreciation and Amortization

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

Inventories

Accounts Payable

3.6m(36.0m)52.5m(84.4m)
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

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

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

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

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…

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…

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

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

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

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…
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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.