Magellan Health, Inc. (NASDAQ: MGLN) was a managed healthcare company focused on behavioral health, specialty healthcare, and pharmacy benefits management. While it once had a prominent profile and was frequently tracked on platforms like Yahoo Finance, it’s important to understand that Magellan Health was acquired by Centene Corporation in January 2022. Therefore, any current information displayed under the “Magellan Health” ticker on Yahoo Finance is likely historical data or redirects to Centene.
Before its acquisition, Magellan Health provided services to health plans, employers, government entities, and individuals. Their core businesses included:
- Behavioral Health: This encompassed a broad range of services, including mental health and substance use disorder treatment, employee assistance programs (EAPs), and support for individuals with serious mental illness. Magellan operated a network of behavioral health providers and offered utilization management, case management, and quality improvement programs.
- Specialty Healthcare: This segment focused on managing complex and chronic conditions such as autism spectrum disorder, musculoskeletal conditions, and radiology benefits. Magellan used data analytics and evidence-based practices to improve outcomes and reduce costs in these areas.
- Pharmacy Benefits Management (PBM): Magellan Rx Management provided a suite of pharmacy services, including claims processing, formulary management, and specialty pharmacy solutions. They worked with payers and employers to optimize their pharmacy spend and improve medication adherence.
Looking at Historical Data on Yahoo Finance (Pre-Acquisition): If you access historical data for Magellan Health (MGLN) on Yahoo Finance, you would typically find information like:
- Stock Price Performance: Charts and data reflecting the stock’s price movement over various time periods, including daily, weekly, monthly, and annual performance. You’d see opening and closing prices, high and low prices, and trading volume.
- Financial Statements: Access to historical income statements, balance sheets, and cash flow statements. This information provides insights into Magellan’s revenue, profitability, assets, liabilities, and cash flow generation.
- Key Statistics: Metrics like price-to-earnings ratio (P/E), earnings per share (EPS), dividend yield (if any), market capitalization, and beta. These figures offered a snapshot of the company’s valuation and financial health.
- Analyst Ratings: Summaries of analyst recommendations (buy, hold, sell) and price targets for Magellan Health. This reflected the opinions of financial analysts regarding the company’s future prospects.
- News and Press Releases: Archives of news articles and company press releases related to Magellan Health, covering topics like earnings announcements, acquisitions, partnerships, and product launches.
Post-Acquisition Considerations: Since the acquisition by Centene, it’s crucial to understand that the financial performance and stock price data associated with the MGLN ticker now represent Centene’s (CNC) performance, or are simply outdated. If you are researching the services formerly provided by Magellan Health, you should focus on Centene Corporation and its various operating segments. Centene continues to offer many of the same services previously offered by Magellan, integrated into its broader healthcare platform.
Always verify the accuracy and relevance of information, especially regarding companies that have undergone mergers or acquisitions. Refer to Centene’s investor relations materials for the most current and accurate details about the integrated company.
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