Magellan Health

Magellan Health

Manages complex health services via technology

Overview

Magellan Health helps payers, employers, and government partners manage complex health needs using technology and personal support. Its offerings blend technology platforms—such as provider and member portals—with care management and behavioral health programs to connect members with appropriate care and track outcomes. The company differentiates itself by focusing on high-complexity health issues and by partnering with a wide range of payers and employers to provide integrated care, not just traditional delivery. Its goal is to move the world toward a healthier future by making high-quality care easier to access and manage through tech-enabled solutions and strong human support.

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

Consulting

Healthcare

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Avon, Illinois

Founded

1969

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Simplify's Take

What believers are saying

  • Louisiana's ECSS program went live July 1, 2025, expanding recurring state revenue.
  • The Attend Behavior partnership broadened autism marketplace offerings on September 23, 2025.
  • Pediatric CoCM enrolled nearly 8,000 patients, with 84% assessment-to-enrollment conversion.

What critics are saying

  • Centene's December 2025 divestiture still requires regulatory approval, delaying close into 2026.
  • Centene recorded a $513 million loss on Magellan, signaling weak exit economics.
  • If Madison Health Group financing fails, Magellan loses strategic support and independence stalls.

What makes Magellan Health unique

  • Magellan remains the only independent managed behavioral-health pure play after Madison Health Group closes.
  • Its Louisiana ECSS contract covers statewide early-childhood services across birth-to-five care.
  • Magellan Federal serves 2,500 employees across military and federal behavioral-health programs.

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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

Headcount

6 month growth

-3%

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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