Magellan Health
| File:Magellan Health Logo.png | |
| Public | |
| Traded as | NASDAQ: MGLN |
| Industry | Managed health care |
| Founded | 1969[1] |
| Headquarters | Scottsdale, Arizona, USA |
| Revenue |  US$3.760 Billion (FY 2014) [1] |
 US$74.231 Million (FY 2014) [1] |
|
| Total assets | US$2.094 Billion (FY 2014) [1] |
| Website | www.magellanhealth.com |
Magellan Health Inc. (formerly Magellan Health Services Inc.), is an American for-profit managed health care company, focused on behavioral healthcare. It ranked 652 on the Fortune 1000 in 2014.[2]
History
The company began as the psychiatric hospital chain Charter Medical, headquartered in Macon, Georgia. In 1992, the company filed for Chapter 11 bankruptcy, stemming from debt incurred as a result of 1988 management-led takeover.[3]
After recovering from bankruptcy, it moved its headquarters to Atlanta in 1994.[4] Acquiring a major stake in Green Spring Health Services Inc., a managed care company based in Columbia, Maryland, the company re-structured into a new holding company, changing its name to Magellan Health Services.[5] In 1999 the company moved to Green Spring's old headquarters in Columbia, Maryland.[6] In 2004, the company headquarters moved to Connecticut. In 2014, the company moved its headquarters from Connecticut to Scottsdale, Arizona.[7]
Acquisitions
In 1997 Magellan acquired Merit Behavioral Care Corporation, a company which provided mental health and substance abuse services, for $460 million in cash.[8]
References
- ↑ 1.0 1.1 1.2 1.3 Lua error in package.lua at line 80: module 'strict' not found.
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- ↑ Magellan Health To Move Headquarters From Avon To Arizona
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External links
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