MAGELLAN HEALTH,INC. (NASDAQ:MGLN) Files An 8-K Other Events

Item 8.01. Other Events

On December 22, 2016, the Commonwealth of Virginia (the
Commonwealth) announced that it selected, through a competitive
procurement, Magellan Complete Care of Virginia (MCC of VA), a
subsidiary of Magellan Health, Inc. (Magellan), to participate
statewide in the Commonwealth Coordinated Care Plus (CCC Plus)
program.On February 13, 2017, Magellan announced that MCC of VA
has entered into a contract with the Commonwealth to participate
in the CCC Plus program. MCC of VA is one of sixcompanies to
contract with the Commonwealth for the CCC Plus program. The CCC
Plus program is the Commonwealths initiative around Managed Long
Term Services and Supports (MLTSS), and will serve approximately
214,000 individuals with complex care needs through an integrated
care model.The CCC Plus program will phase in MLTSS members by
region from August through December 2017.The Aged, Blind, and
Disabled individualscurrently enrolled in the Medallion 3.0
program will transition to the CCC Plus program on January 1,
2018. Expenditures under the current program are approximately
$3.5 billion. The Commonwealth is in the process of determining
the allocation of members among the sixcompanies, and there can
be no assurance that the business will be allocated equally
between the sixcompanies.

On February 13, 2017, Magellan issued a press release announcing
the execution of the contract. A copy of the press release is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.

Item 9.01. Financial Statements, Pro Forma Financial Information
and Exhibits

Cautionary Statement

This 8-K contains forward-looking statements within the meaning
of the Securities Exchange Act of 1934 and the Securities Act of
1933, as amended, which involve a number of risks and
uncertainties. All statements, other than statements of
historical information provided herein, may be deemed to be
forward-looking statements including, without limitation,
statements regarding the expected start date and membership from
the CCC Plus program. These statements are based on managements
analysis, judgment, belief and expectation only as of the date
hereof, and are subject to uncertainty and changes in
circumstances. Without limiting the foregoing, the words
believes, anticipates, plans, expects, may, should, could,
estimate, intend and other similar expressions are intended to
identify forward-looking statements. Actual results could differ
materially due to, among other things, the possible election of
certain of the companys customers to manage the healthcare
services of their members directly; changes in rates paid to
and/or by the company by customers and/or providers; higher
utilization of health care services by the companys risk members;
delays, higher costs or inability to implement new business or
other company initiatives; the impact of changes in the
contracting model for Medicaid contracts; termination or
non-renewal of customer contracts; the impact of new or amended
laws or regulations; governmental inquiries; litigation;
competition; operational issues; health care reform; and general
business conditions. Additional factors that could cause actual
results to differ materially from those reflected in the
forward-looking statements include, but are not limited to, the
risks discussed in the Risk Factors section included within the
companys Annual Report on Form10-K for the year ended December31,
2015, filed with the Securities and Exchange Commission on
February29, 2016, and the companys subsequent Quarterly Reports
on Form10-Q filed during 2016. Readers are cautioned not to place
undue reliance on these forward-looking statements.

About MAGELLAN HEALTH, INC. (NASDAQ:MGLN)

Magellan Health, Inc. is engaged in the healthcare management business. The Company’s segments include Healthcare, Pharmacy Management and Corporate. It is focused on managing special populations, complete pharmacy benefits and other specialty areas of healthcare. Its Healthcare includes its management of behavioral healthcare services and employee assistance program (EAP) services, management of other specialty areas, including diagnostic imaging and musculoskeletal management, and the integrated management of physical, behavioral and pharmaceutical healthcare for special populations, delivered through Magellan Complete Care (MCC). Its Pharmacy Management segment consists of products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. Its Corporate segment consists primarily of operational support functions. It provides services to health plans and other managed care organizations (MCOs).

MAGELLAN HEALTH, INC. (NASDAQ:MGLN) Recent Trading Information

MAGELLAN HEALTH, INC. (NASDAQ:MGLN) closed its last trading session up +0.20 at 76.85 with 51,651 shares trading hands.