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

ME Staff 8-k
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MAGELLAN HEALTH,INC. (NASDAQ:MGLN) Files An 8-K Other Events
Item 8.01. Other Matters

Magellan Health, Inc. (the “Company”) was notified today by the Florida Agency for Health Care Administration (“ACHA”) that Florida MHS, Inc. (“FL MHS”) d/b/a Magellan Complete Care of Florida has not been selected to negotiate a new contract to serve as a vendor for its Medicaid managed care program. The contract is for the management of the publicly funded program that delivers fully integrated healthcare services to Medicaid recipients. The Company’s existing contract to provide these services began on February 4, 2014 and extends through December 31, 2018; such contract generated net revenues of $605.9 million for the year ended December 31, 2017.The Company plans to file a protest with AHCA.


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).