Magellan Health Services, Inc. (NASDAQ:MGLN)
Headquartered in Avon, Conn., Magellan Health Services, Inc. is a leading specialty health care management organization with expertise in managing behavioral health, radiology and specialty pharmaceuticals, as well as public sector pharmacy benefits programs. Magellan delivers innovative solutions to improve quality outcomes and optimize the cost of care for those they serve. Magellan's customers include health plans, employers and government agencies, serving approximately 31.3 million members in their behavioral health business, 18.9 million members in their radiology benefits management segment, and five million members in their medical pharmacy management product. In addition, the specialty pharmaceutical segment serves 41 health plans and several pharmaceutical manufacturers and state Medicaid programs. The company's Medicaid Administration segment serves 25 states and the District of Columbia.
MGLN recently announced that the Louisiana Department of Health and Hospitals has recommended that the company be awarded a contract to manage behavioral health care for Medicaid recipients and other beneficiaries through the Louisiana Behavioral Health Partnership.
The contract with Magellan begins on March 1, 2012, and extends until February 28, 2014, with an optional one-year extension through February 28, 2015.
For more information about Magellan Health Services, Inc. please visit http://www.magellanhealth.com/
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