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Magellan Health Services, Inc. (MGLN)

- NASDAQ
  • Jul. 25, 2014, 11:05 AM
    • Led by the plummet in WellCare Health Plans (WCG -18.8%) the managed care industry can't seem to find a friend in the market today.
    • Related tickers: (UNH -1.3%) (WLP -1.9%) (AET -1.6%) (CI -1%) (HUM -2.8%) (CNC -6.6%) (HNT -2.3%) (MOH -5.4%) (MGLN -8.1%)
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  • Aug. 13, 2013, 12:13 PM
    • Magellan Health Services (MGLN -1.4%) slips this morning after announcing that it's investing another $17.5M in AlphaCare of New York, a newly licensed Medicaid Managed Long Term Care HMO and Medicare Plan.
    • MGLN previously made a $2M equity investment in AlphaCare, in tandem with a $6M loan to AlphaCare Holdings.
    • The latest round brings its total investment in the company to $25.5M, representing a 65% stake in the company after the deal closes.
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  • Jun. 21, 2013, 11:08 AM
    Magellan Health Services (MGLN -3.6%) says it's withdrawing from Fallon Total Care, its previously announced joint venture with Fallon Community Health Plan. MGLN saying the approved Medicare & Medicaid rates under the demonstration program in Massachusetts were not adequate to fund the expected health care costs. MGLN's 49% interest in the FTC Joint Venture will be transfered to Fallon, and won't have a material effect on guidance for 2013.
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  • Mar. 25, 2013, 5:56 PM
    After-hours top gainers, as of 5:15 p.m.: CALL +6%. TX +5%. KWK +4%. CAR +4%. SONC +5%.
    After-hours top losers: HXM -9%. GMAN -5%. CLMT -5%. MGLN -2%.
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  • Mar. 25, 2013, 11:58 AM
    Shares of Vanguard Health Systems (VHS -8.44%) take a hit today after the company announced that it had surprisingly lost a contract covering Medicaid patients in Arizona over the weekend. Magellan Health Services (MGLN -4.2%) also takes some of the heat, as it operates a joint venture for behavioral health with VHS in the state.
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  • Feb. 6, 2013, 1:36 PM
    Magellan Health Services (MGLN +1.5%) and Performant Financial Corp. (PFMT +1%) both move higher today after announcing that they have formed a strategic relationship to offer payment integrity recovery services to MGLN's commercial specialty pharmacy customers through Magellan Pharmacy Solutions.
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  • Dec. 31, 2012, 10:32 AM
    Magellan Health Services (MGLN -4.2%) slips this morning after noting in an SEC filing that one of its commercial health plan customers doesn't intend to renew its contract and is going to contract with another behavioral health management vendor. For the previous nine months ended September 30, revenue from the account totaled around $144.5M, however the company doesnt' expect the cancellation to affect its guidance.
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  • Dec. 11, 2012, 12:45 PM
    Midday top 10 gainers: BGMD +146%. SOMX +75%. ACUR +56%. TNS +43%. ULBI +18%. MEAD +16%. ESYS +15%. SZYM +14%. GTXI +13%. CLWR +12%.
    Midday top 10 Losers: CBMX -11%. ESIO -11%. AMCN -9%. SEV -9%. GGAL -8%. SPW -8%. TELK -7%. [[JW-A]] -7%. MGLN -7%. SXC -7%.
    | 2 Comments
  • Jul. 20, 2012, 2:07 PM
    Consolidation in the health care sector continues to be the story today, as Magellan Health (MGLN) gains another 3.6% - on the back of yesterday's +8% pop - after saying it's been working with Credit Suisse for months exploring strategic alternatives, including a potential sale. Speculation is that the sale process is now at an advanced stage.
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Company Description
Magellan Health Inc provides managed healthcare business. The Company provides services to health plans, insurance companies, employers, labor unions and various governmental agencies.
Sector: Healthcare
Country: United States