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Last $69.71 USD
Change Today -0.51 / -0.73%
Volume 200.3K
MGLN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

magellan health inc (MGLN) Key Developments

Magellan Health, Inc. Appoints John Littel as Senior Vice President of Government Affairs and Communications

Magellan Health, Inc. announced that John Littel has joined the company as senior vice president of government affairs and communications. In this role, Littel will lead the government affairs strategy for the enterprise, while strengthening federal and state relationships across its business units. Littel will also help Magellan navigate the evolving healthcare marketplace, particularly opportunities and requirements under the Affordable Care Act, and enable new market entry in support of overall growth objectives. In addition, Littel will lead Magellan’s enterprise communications strategies to both internal and external audiences. Prior to joining Magellan, Littel served as interim senior vice president of government affairs for WellPoint, where he reorganized their public affairs efforts and led the integration of their newly-acquired Amerigroup team. For the preceding 12 years, he served as executive vice president of external affairs for Amerigroup, where he developed and managed a national public affairs program at the federal and state levels, and led the company’s growth and business development functions, including sales and marketing, eBusiness and corporate communications.

Magellan Health, Inc. Presents at Leerink Partners Healthcare Services & HCIT Roundtable, Jun-18-2015 02:10 PM

Magellan Health, Inc. Presents at Leerink Partners Healthcare Services & HCIT Roundtable, Jun-18-2015 02:10 PM. Venue: The Palace Hotel, New York, New York, United States. Speakers: Jonathan N. Rubin, Chief Financial Officer.

Magellan Health Eyes Acquisitions

Magellan Health, Inc. (NasdaqGS:MGLN) is looking for acquisitions. Chairman Barry Smith said, " We've been looking for both Part D capability, as well as mail service. We've gone ahead, and we've developed our own mail-service capability and facility. That'll open the third quarter of this year, so we'll have that. I would still love to acquire another entity. I think it's important to have two facilities. We'd love the book of business that comes with that, as well."

Magellan Health, Inc. Announces New Business Unit Alignment; Announces Executive Changes

Magellan Health, Inc. announced that in order to further focus and advance its two growth initiatives – Magellan Complete Care and Magellan Rx Management – the company will be organized into two primary business units going forward – Magellan Healthcare and Magellan Rx Management. Effective July 1, NIA Magellan will be integrated into Magellan Healthcare to allow the combined business unit to focus more broadly on integrated care management for special populations, as well as specialty areas of healthcare. The company also announced that Sam Srivastava, CEO of Magellan Healthcare, will lead NIA Magellan’s integration and the subsequent combined business unit. Tina Blasi, CEO of NIA Magellan, will remain at Magellan until the end of June to provide strategic support on the transition and integration of NIA Magellan into Magellan Healthcare. The company also announced that Bob Field, CEO of Magellan Rx Management, has decided to retire at the end of 2015, and named Mostafa Kamal, current general manager and senior vice president of Magellan Rx Management’s specialty division, as the new CEO, effective July 1. Field will work with Kamal to ensure a seamless transition for employees and customers. Prior to being named CEO of Magellan Rx Management, Kamal was senior vice president and general manager of Magellan Rx Management’s specialty pharmacy business, as well as chief underwriting officer. From 2011 to 2014, Kamal was vice president of pricing, underwriting and analytics.

Magellan Health, Inc. Presents at Jefferies 2015 Global Healthcare Conference, Jun-02-2015 01:30 PM

Magellan Health, Inc. Presents at Jefferies 2015 Global Healthcare Conference, Jun-02-2015 01:30 PM. Venue: The Grand Hyatt Hotel, New York, New York, United States. Speakers: Barry M. Smith, Chairman and Chief Executive Officer.

 

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MGLN:US $69.71 USD -0.51

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MGLN

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Valuation MGLN Industry Range
Price/Earnings 30.8x
Price/Sales 0.5x
Price/Book 1.6x
Price/Cash Flow 12.3x
TEV/Sales 0.3x
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