Last $59.54 USD
Change Today +0.24 / 0.40%
Volume 25.6K
MGLN On Other Exchanges
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As of 10:40 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

magellan health inc (MGLN) Snapshot

Open
$59.33
Previous Close
$59.30
Day High
$59.85
Day Low
$59.33
52 Week High
07/3/14 - $63.81
52 Week Low
10/7/14 - $52.37
Market Cap
1.6B
Average Volume 10 Days
215.9K
EPS TTM
$3.19
Shares Outstanding
27.6M
EX-Date
--
P/E TM
18.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MAGELLAN HEALTH INC (MGLN)

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magellan health inc (MGLN) Details

Magellan Health, Inc. is engaged in the healthcare management business in the United States. The company, through its contracted network of third-party treatment providers, offers managed behavioral healthcare services, including outpatient programs, such as counseling or therapy; intermediate care programs comprising intensive outpatient programs and partial hospitalization services; and inpatient treatment and crisis intervention services. It also offers specialty solutions, such as the delivery of diagnostic imaging and other various specialty areas, such as radiation oncology, obstetrical ultrasound, cardiology, and pain management, including spine surgery and musculoskeletal management. The company provides specialty solutions under contracts with health plans and insurance companies for its commercial, Medicaid, and Medicare members. In addition, it offers pharmacy management products and solutions that provide clinical and financial management of drugs paid under medical and pharmacy benefit programs, including traditional pharmacy benefit management; pharmacy benefit administration for state Medicaid and other government sponsored programs; specialty pharmaceutical dispensing operations, and contracting and formulary optimization programs; medical pharmacy management programs; and programs for the management of drugs that treat complex conditions. Magellan Health, Inc. provides its services to health plans, managed care organizations, insurance companies, employers, labor unions, various military and governmental agencies, third party administrators, and brokers. The company was formerly known as Magellan Health Services, Inc. and changed its name to Magellan Health, Inc. in June 2014. Magellan Health, Inc. was founded in 1969 and is based in Avon, Connecticut.

5,949 Employees
Last Reported Date: 03/3/14
Founded in 1969

magellan health inc (MGLN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $480.6K
Chief Executive Officer of National Imaging A...
Total Annual Compensation: $437.8K
General Counsel
Total Annual Compensation: $417.1K
Chief Human Resources Officer
Total Annual Compensation: $329.5K
Compensation as of Fiscal Year 2013.

magellan health inc (MGLN) Key Developments

Magellan Eyes Acquisitions

Magellan Health, Inc. (NasdaqGS:MGLN) is looking for acquisition opportunities. Barry Smith, Chairman and Chief Executive Officer of Magellan, said, we expect strong organic growth in our pharmacy business in 2015, we also continue to look for acquisitions that will expand our capabilities or increase our scale.

Magellan Health, Inc. Appoints John O. Agwunobi to the Board of Directors

Magellan Health, Inc. announced that Dr. John O. Agwunobi has been appointed to the company's board of directors, for a term ending at the 2015 annual meeting of shareholders. In connection to the appointment of Agwunobi, the board increased its membership from nine to ten members.

Magellan Health, Inc. Announces Contract with the Louisiana Department of Health and Hospitals

Magellan Health, Inc. announced contract with the Louisiana Department of Health and Hospitals to manage behavioral health care for Medicaid recipients and other beneficiaries through the Louisiana Behavioral Health Partnership (the Current Contract). The current contract, which generates annual revenue of approximately $150 million, is currently scheduled to expire on February 28, 2015. The company submitted a proposal pursuant to a request for proposals issued by the Louisiana Department for a new expanded contract including the management of behavioral health care and other new services for Medicaid and other beneficiaries with a term ending on December 31, 2016 (the New Contract). At a subsequent meeting with the company shortly after notice of the award of the new contract, the Louisiana Department informed the company that it has decided that the term of the new contract will be for a shortened term expiring on November 30, 2015 instead of December 31, 2016, after which the behavioral health care and other services to Medicaid and other beneficiaries will be transitioned to the general Medicaid managed care plans in Louisiana.

 

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Industry Analysis

MGLN

Industry Average

Valuation MGLN Industry Range
Price/Earnings 21.6x
Price/Sales 0.4x
Price/Book 1.4x
Price/Cash Flow 10.0x
TEV/Sales 0.3x
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