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Magellan Health

Manages complex health services via technology

Overview

Magellan Health helps health plans, employers, unions, and government entities manage complex health needs by delivering technology-enabled care management and behavioral health services. Its platforms include provider and member portals along with care management programs that coordinate member care. It differentiates itself by focusing on high-complexity health areas and forming close partnerships with payers and employers to blend digital tools with personal support, not just traditional care delivery. Its goal is to make high-quality care easier to access and manage, advancing a healthier future.

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About Magellan Health

Simplify's Rating
Why Magellan Health is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Government & Public SectorHealthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Avon, IL

Founded

1969

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Simplify's take

What believers are saying

  • Madison Health Group entered acquisition talks in February 2026, validating strategic value and exit optionality.
  • Louisiana selected Magellan on June 11, 2025 to administer ECSS, expanding state-contract revenue.
  • The pediatric CoCM program enrolled nearly 8,000 patients, with 84% assessed and strong graduation retention.

What critics are saying

  • Blue Shield ghost-network litigation survived dismissal on September 23, 2026, keeping fraud claims alive.
  • Benkirane v. Magellan Healthcare was dismissed with prejudice on October 20, 2026, signaling persistent legal scrutiny.
  • Centene's December 2025 divestiture remains unresolved; regulatory delay or collapse could freeze strategy and talent.

What makes Magellan Health unique

  • Magellan runs state and federal behavioral health programs, including Louisiana ECSS launched July 1, 2025.
  • Its Autism Technology Marketplace curates evidence-based tools like Attend Behavior, discounted since September 2025.
  • Magellan Federal employs over 2,500 staff serving military and federal workforce behavioral health.

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Funding

Total Funding

$250M

Above

Industry Average

Funded Over

2 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Mental Health Support
  • Wellness Program
  • Flexible Work Hours
  • Performance Bonus

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

-3%

2 year growth

-3%
RamaOnHealthcare
Feb 18th, 2026
Centene’s Magellan Health to be acquired by investment group – RamaOnHealthcare

Frisco, Texas-based Magellan Health has entered into an agreement to be acquired by Madison Health Group, according to a Feb. 13 LinkedIn post from

MarketScreener
Feb 6th, 2026
Centene agrees to sell minority stake in Magellan Health

Centene Corporation has signed a definitive agreement to sell a minority stake in Magellan Health to an undisclosed buyer. The transaction was agreed in December 2025. No financial details or the size of the stake being sold have been disclosed. The identity of the acquiring party remains unknown.

Becker's Behavioral Health
Sep 23rd, 2025
Magellan adds autism caregiver platform to digital marketplace

Frisco, Texas-based Magellan Health has partnered with Attend Behavior to offer its digital caregiver training platform through Magellan's autism technology marketplace.

PR Newswire
Sep 10th, 2025
Magellan Health Appoints Dr. Steven E. Pratt as Chief Medical Officer

Magellan Health appoints Dr. Steven E. Pratt as chief medical officer.

Becker's Behavioral Health
Sep 8th, 2025
Magellan CEO: Collaborative care can ease burnout, extend psychiatry capacity

Magellan Health launched a pediatric CoCM program that enrolled nearly 8,000 patients, with 84% enrollment after assessment, and more than half stayed engaged through graduation.

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