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MGLN on NASDAQ

Magellan Health

Logo: Magellan Health Services, Public domain, via Wikimedia Commons4

Managed health care company

Magellan Health Inc. (formerly Magellan Health Services Inc.), is an American for-profit managed health care company and subsidiary of Centene that focuses on special populations and other specialty areas of healthcare. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.3 Its shares trade on NASDAQ under the symbol MGLN.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1969Founded1

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  • TickerMGLN on NASDAQ1
  • Industrymanaged care1
  • HeadquartersScottsdale1
  • Websitewww.magellanhealth.com
  • Incorporated inDE5
  • Business address4801 E. Washington St, Phoenix, Az 850345
  • Filer categoryLarge accelerated filer5

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Magellan Health Inc. (formerly Magellan Health Services Inc.), is an American for-profit managed health care company and subsidiary of Centene that focuses on special populations and other specialty areas of healthcare. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

3.1%Gross margin7
8.4%Net margin7
0.3%Revenue growth, 20207
20.4%Return on equity7
$375.3MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Cost of revenue48¢$2.2B
  • Other costs42¢$1.9B
  • Interest1¢$30.9M
  • Income tax1¢$44.5M
  • Profit8¢$382.3M

Out of $4.6B in revenue.7

Where each dollar of operating cash went, fiscal 2020

  • Capital spending17¢$75.5M
  • Kept or used elsewhere83¢$375.3M

Out of $450.8M of cash from operations.7

Financial statements

Revenue89107$4.6B in 2020+22% since 2014
0$2.0B$4.0B$6.0B$8.0B2014: $3.8B$3.8B20142015: $4.6B$4.6B2015+22%2016: $4.8B$4.8B2016+5%2017: $5.8B$5.8B2017+21%2018: $7.3B$7.3B2018+25%2019: $4.6B$4.6B2019−38%2020: $4.6B$4.6B2020+0%
Gross profit8910117$144.0M in 2020−46% since 2014
0$100.0M$200.0M$300.0M$400.0M2014: $266.9M$266.9M20142015: $275.7M$275.7M2015+3%2016: $301.8M$301.8M2016+9%2017: $310.9M$310.9M2017+3%2018: $206.3M$206.3M2018−34%2019: $185.8M$185.8M2019−10%2020: $144.0M$144.0M2020−23%
Net income8910117$382.3M in 2020+382% since 2014
0$100.0M$200.0M$300.0M$400.0M2014: $79.4M$79.4M20142015: $31.4M$31.4M2015−60%2016: $77.9M$77.9M2016+148%2017: $110.2M$110.2M2017+42%2018: $24.2M$24.2M2018−78%2019: $55.9M$55.9M2019+131%2020: $382.3M$382.3M2020+584%
Fiscal year2014201520162017201820192020
Revenue$3.8B8$4.6B9$4.8B10$5.8B10$7.3B10$4.6B7$4.6B7
Cost of revenue$732.9M8$1.3B9$1.8B10$2.2B11$2.5B7$2.1B7$2.2B7
Gross profit$266.9M8$275.7M9$301.8M10$310.9M11$206.3M7$185.8M7$144.0M7
Interest$7.4M8$6.6M9$10.2M10$26.0M11$35.2M7$35.9M7$30.9M7
Income tax$43.7M8$42.4M9$69.7M10$25.1M11$11.5M7$9.2M7-$44.5M7
Net income$79.4M8$31.4M9$77.9M10$110.2M11$24.2M7$55.9M7$382.3M7
Earnings per share$2.988$1.269$3.3610$4.7211$0.997$2.317$15.147
Earnings per share (diluted)$2.908$1.219$3.2210$4.5111$0.977$2.277$14.987

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Corporate structure

Magellan Health sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Magellan Health

Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Magellan Health reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$845.8M11 Dec 31, 2019$799.3M11 Dec 31, 2018+5.8%
Accumulated depreciation$707.4M11 Dec 31, 2019$648.6M11 Dec 31, 2018+9.1%
Property and equipment, net$138.4M11 Dec 31, 2019$150.7M11 Dec 31, 2018−8.2%
Finance-lease assets$11.9M7 Dec 31, 2020$13.1M11 Dec 31, 2019−9.0%
Operating-lease assets (leased space)$23.5M7 Dec 31, 2020$50.5M11 Dec 31, 2019−53.3%

Investments

ItemLatestA year beforeChange
Marketable securities, current$140.8M7 Dec 31, 2020$98.8M7 Dec 31, 2019+42.6%
Marketable securities, non-current$2.6M7 Dec 31, 2020$2.9M7 Dec 31, 2019−8.8%
Debt securities available for sale$143.5M7 Dec 31, 2020$101.7M7 Dec 31, 2019+41.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$873.8M7 Dec 31, 2020$806.4M7 Dec 31, 2019+8.4%
Intangible assets, net (excluding goodwill)$79.7M7 Dec 31, 2020$81.7M7 Dec 31, 2019−2.4%
Indefinite-lived intangibles (excluding goodwill)$1.6M7 Dec 31, 2020$30.4M11 Dec 31, 2019−94.9%
Accumulated amortization$326.9M7 Dec 31, 2020$286.1M7 Dec 31, 2019+14.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$43.3M7 Dec 31, 2020$45.0M7 Dec 31, 2019−3.6%

The story

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 the 1988 management-led takeover.

After recovering from bankruptcy, it moved its headquarters to Atlanta in 1994. 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. In 1997, Magellan entered the behavioral health managed care business by acquiring Human Affairs International and Merit Behavioral Care. In 1999 the company moved to Green Spring's old headquarters in Columbia, Maryland. In 2004, the company headquarters moved to Connecticut. In 2014, the company moved its headquarters from Connecticut to Arizona.

Magellan sold its managed care division to Molina Healthcare in 2018. On January 4, 2021, it was announced Centene Corporation would acquire the company for $2.2 billion. On January 4, 2022, the acquisition was completed.

Centene divested Magellan Rx in 2022 to Prime Therapeutics. Centene announced the sale of Magellan Specialty Health to Evolvent Health in 2022.

From Wikipedia’s article on Magellan Health, shared under CC BY-SA 4.0.6

Leadership

Who has led Magellan Health, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven Shulman2006–2008
  2. Rene Lerer2008–2012
  3. Tina Blasi2008–2015
  4. Barry M. Smith2013–2019
  5. Sanjeev K. Srivastava2013–2018
  6. Kenneth J. Fasola2019–2022

Chair

  1. Steven Shulman2006–2008
  2. Rene Lerer2009–2010

President

  1. Rene Lerer2006–2009
  2. Raju L. Mantena2008–2009
  3. Russell C. Petrella2008
  4. Karen S. Lynch2009–2012
  5. Alan Lotvin2009–2011
  6. Timothy P. Nolan2009
  7. Keith Dixon2011–2012
  8. Kim Marie Mageau2011–2012

Chief financial officer

  1. Mark S. Demilio2006–2008
  2. Jonathan N. Rubin2008–2020
  3. David Bourdon2020–2022

Chief operating officer

  1. Rene Lerer2006–2007
197019801990200020102020
Board members and other officers (32)

Former names

  • MAGELLAN HEALTH SERVICES INCFeb 26, 1996 to Jul 1, 20145
  • CHARTER MEDICAL CORPJan 18, 1994 to Feb 14, 19965

Timeline

  1. Jan 4, 20228-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer62
  2. Dec 30, 20218-K Other events63
  3. Nov 5, 20218-K Results of operations64
  4. Nov 14, 2019New chief executive Kenneth J. Fasola becomes CEO14
  5. Oct 18, 2013New chief executive Sanjeev K. Srivastava becomes CEO16
  6. Feb 5, 2013New chief executive Barry M. Smith becomes CEO15
  7. Mar 5, 2008New chief executive Tina Blasi becomes CEO18
  8. Feb 27, 2008New chief executive Rene Lerer becomes CEO17
  9. May 9, 2006New chief executive Steven Shulman becomes CEO19
  10. 1969Founded Founded1

Calendar

When it reported results

  1. Nov 5, 2021Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

36 filings to the SEC since October 2021: 1 quarterly reports, 3 major events, 17 insider forms, 8 large holders, 7 other. The latest 20:

  1. Feb 13, 2023SC 13G/A EDGAR
  2. Feb 14, 2022SC 13G EDGAR
  3. Feb 10, 2022SC 13G/A SCHEDULE 13G/A EDGAR
  4. Feb 8, 2022SC 13G/A SEC SCHEDULE 13G EDGAR
  5. Feb 2, 2022SC 13G/A EDGAR
  6. Jan 27, 2022SC 13G/A EDGAR
  7. Jan 25, 2022SC 13G EDGAR
  8. Jan 14, 202215-12B EDGAR
  9. Jan 6, 2022SC 13D/A AMENDMENT NO. 4 TO THE SCHEDULE 13D EDGAR
  10. Jan 4, 202225-NSE EDGAR
  11. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  12. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  13. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  14. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  15. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  16. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  17. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  18. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  19. Jan 4, 20224 FORM 4 SUBMISSION EDGAR
  20. Jan 4, 20224 FORM 4 SUBMISSION EDGAR

The 36 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Magellan Health has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

SEC filer profile

How Magellan Health is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMAGELLAN HEALTH INC2
  • CIK0000019411
  • Employer ID (EIN)58-10769372
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)8060 Services-Hospitals2
  • Business address4801 E. Washington St, Phoenix, AZ 850342
  • Phone800-642-17162
  • Shares outstanding26,332,073 as of Sep 30, 202172
  • Public float$1.8B as of Jun 30, 202073
  • On EDGAR sinceJan 6, 19942
  • Filings1,621 in all: 4 (727), 8-K (335), SC 13G/A (88), 10-Q (85), 3 (54), SC 13G (41), SC 13D/A (32), 10-K (26)2
    All 50 form types

    4/A (25), DEF 14A (25), S-8 (18), UPLOAD (14), DEFA14A (13), 8-K/A (12), SC 13D (12), S-3/A (11), 10-Q/A (10), ARS (9), CORRESP (9), S-4/A (9), S-3 (7), 10-K/A (6), 424B3 (5), S-8 POS (5), SC 13E4/A (5), 10-K405/A (3), 8-A12B (3), PRE 14A (3), S-4 (3), 10-K405 (2), 3/A (2), 424B2 (2), DFAN14A (2), NT 10-Q (2), 15-12B (1), 25-NSE (1), 5 (1), 8-A12G (1), 8-A12G/A (1), CT ORDER (1), DEF 14C (1), DEFM14A (1), FWP (1), NT 10-K (1), POS AM (1), PREM14A (1), S-3ASR (1), SC 13E4 (1), T-3 (1), T-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2021
    Quarterly report (10-Q) Nov 5, 2021
    Proxy statement (DEF 14A) Apr 29, 2020
    Latest 8-K (8-K) Jan 4, 2022

Sources

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