🠈 Magellan Health 🠊

Magellan Health

Magellan Health (NASDAQ: MGLN) is a Scottsdale based health care firm offering a variety of services in behavioral health and pharmaceuticals.

The video talks about the Magellan Cares Foundation which is the company's charitable effort.

1969: The company was founded as a chain of behavioral health clinics called Charter Medical based in Macon, Ga.
1988: A management-led take-over left the company in debt.
1992: They filed bankruptcy. At the time it had 95 hospitals and over $1 billion in debt.
1994: After re-emerging from bankruptcy, the company moved its headquarters to Atlanta, Ga
1996: The company held an IPO as Megellan Health Services, Inc. (SEC Filing).
1997: Magellan acquired Merit Behavioral Care Corporation which provided mental health and substance abuse services for $460 million.
1999: the company moved its headquarters to Columbia, Maryland.
2000: Charter files a second bankruptcy. They had $50 million in assets and more than $100 million in debts. The company was 90% by Crescent Operating, Inc.
2003: Magellan was in Bankruptcy
In 2004: the company moved its headquarters to Connecticut.
2013: Magellan acquired Scottsdale based pharmacy-benefits management called Partners Rx for $100 million
2014: the company moved its headquarters to Scottsdale, Arizona.
2014: Magellan acquired CDMI LLC, a pharmacy benefits company, for $205.
- 2009: CDMI was founded in Newport, RI
2017: Magellan acquired Senior Whole Health of Ma for about $400 million.
2018: Megellan was added to Fortune 500 List.