Magellan Health, Inc.

Magellan Health, Inc.

Magellan Health, Inc.

Overview
Date Founded

1969

Headquarters

4801 East Washington Street,Phoenix, AZ 85034

Type of Company

Public

Employees (Worldwide)

10.5K

Industries

Insurance: Life & Health
Management Consulting
Hospitals & Patient Services
Biotechnology
Advertising & Marketing

Company Description

Magellan Health, Inc. engages in the healthcare management business. It operates through the following segments: Healthcare, Pharmacy Management and Corporate. The Healthcare segment comprises of the Commercial and Government reporting units. The Pharmacy Management segment offers products and solutions that provide clinical and financial management of pharmaceuticals paid under both the medical and the pharmacy benefit.The Corporate segment covers amounts not allocated to the Healthcare and Pharmacy Management segments. The company was founded in 1969 and is headquartered in Phoenix, AZ.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer

General Counsel & Secretary

Chief Technology Officer

Chief Information Officer

Chief Innovation Officer

Chief Human Resources Officer

Senior Vice President, Controller & Principal Accounting Officer

Physician Consultant Reviewer

Chief Executive Officer-Magellan Rx Management

Board of directors

Co-Founder at Quartet Health, Inc.

Managing Director & Head-Healthcare Industry Group at Alvarez & Marsal Healthcare Industry Group LLC

Principal at Norwalk and Associates

Former Portfolio Manager & Director, Bankruptcies & Restructurings at Organic Flower Investments Group, Inc.

Portfolio Manager & Head of Research at Starboard Value LP

Former Chief Executive Officer at Magellan Health, Inc.

Chief Executive Officer & Director at Health Intelligence Co. LLC

Chief Executive Officer at RevSpring, Inc.

Vice President-Medical Affairs at National Hospice & Palliative Care Organization, Inc.

Vice President & Controller at Life Healthcare Group

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Owners & Shareholders
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Starboard Value invests primarily, although not exclusively, in the securities of small-cap (generally $50 million to $1 billion) US public companies they believe are deeply undervalued by the marketplace and likely to experience a significant appreciation in value as a result of operational improvements or a change in ownership, corporate direction or management or improved corporate governance. Starboard Value is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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Snow Capital Management specializes in relative value equity management. They employ bottom-up analysis to identify undervalued, out-of-favor companies that have sound balance sheets but have been oversold due to a development or event that is likely to be temporary. Reasons may be micro-related, such as lower than expected earnings, bearish future expectations, pending litigation or failure to gain FDA approval. Reasons may also be macro-related such as inflation, interest rates, geo-political concerns or foreign exchange rates. Snow Capital identifies companies that may benefit from a potential catalytic development within their organization, industry or market segment. They look for catalysts that fuel both earnings recovery and P/E expansion that lead to a significantly higher stock price.Snow Capital's All Cap Value portfolios consist of 35 to 40 stocks that are equally weighted at the time of purchase. Stocks are selected primarily on the upside potential reflected in their target prices, but consideration is also given to constructing a diversified portfolio. No stock is allowed to exceed 10% of the portfolios market value and no industry can exceed 25%. Market-cap is not a consideration in stock selection, except that stocks with a market-cap less than $1.5 billion are limited to a one-half weight position size.The firm's Large-Cap Value portfolios consists of 40 to 60 stocks, selected primarily on the upside potential reflected in their target prices, but consideration may also be given to maintaining their 4%-7% tracking error target versus the benchmark (the Russell 1000 Value Index). Individual stock over-weights relative to the benchmark, typically up to 3%, are conviction-weighted based on the upside potential reflected in their target prices. Unattractive stocks are not held regardless of their weight in the benchmark.

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OP manages a macro strategy based on a top-down thematic investment approach. The firm seeks to identify and exploit a handful of macroeconomic themes likely to persist over the medium term. They invest across multiple asset classes, and emphasize portfolio construction, hedging techniques, disciplined trading and strict exposure guidelines.OP previously managed a global equity strategy following a bottom-up event-driven investment approach and invested in equity and equity derivatives with a focus on companies undergoing significant corporate events which the firm deemed having a predictible outcome.

Recent Transactions
Details Hidden

Magellan Health, Inc., Magellan Healthcare, Inc. purchase Senior Whole Health LLC from TA Associates Management, L.P.

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Magellan Health, Inc., Magellan Pharmacy Solutions, Inc. purchase Veridicus Health LLC from Gauge Capital LLC, Leavitt Equity Partners LLC

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Magellan Health, Inc. purchases Armed Forces Services Corp.

Transaction Advisors
Legal Advisor

Advised onMagellan Health, Inc. purchases Magellan Rx Pharmacy LLC

Accountant

Advised onMagellan Health, Inc. purchases Merit Behavioral Care Corp. from Kohlberg Kravis Roberts & Co. LP

Underwriter

Advised onMagellan Health, Inc. issued Common Stock

Legal Advisor

Advised onMagellan Health, Inc. purchases Armed Forces Services Corp.

Legal Advisor

Advised onMagellan Health, Inc. purchases Magellan Rx Pharmacy LLC

Associate

Advised onMagellan Health, Inc., Magellan Healthcare, Inc. purchase Senior Whole Health LLC from TA Associates Management, L.P.

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Senior Counsel at Linklaters LLP

Clients

The Blue Cross and Blue Shield Association provides healthcare insurance services. The firm operates several business initiatives in support of the Blue Cross and Blue Shield companies and represents the Blue System in national forums. It offers insurance products to all segments of the population, including large employer groups, small business and individuals. The company was founded in 1982 and is headquartered in Chicago, IL.

TO PROVIDE FUNDING FOR OBLIGATIONS FOR MEDICAL, DENTAL, LIFE AND LT DISABILITY BENEFITS FOR CURRENT EMPLOYEES (AND DEPENDENTS) OF AMERICAN ELECTRIC POWER COMPANY,INC AND AFFILIATES

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2018
Market Capitalization
$1.65B
Total Enterprise Value
$1.48B
Earnings Per Share
$0.97
Revenue
$7.31B
Net Profit
$24.2M
EBITDA
$198M
EBITDAMargin
2.71%
Total Debt
$753M
Total Equity
$1.29B
Enterprise Value Sales
0.2x
Enterprise Value EBITDAOperating
7.45x
TEVNet Income
61.16x
Debt TEV
0.51x
Three Year Compounded Annual Growth Rate Of Revenue
16.74%
Five Year Compounded Annual Growth Rate Of Revenue
15.58%
Non-Profit Donations & Grants
$10K - $25K
2017
Political Donations
$5,000
2013
$200
2013
Suppliers
Senior Housing Properties Trust Trusts & Funds | Newton, MA

Senior Housing Properties Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Triple Net Leased Senior Living Communities, Managed Senior Living Communities, MOBs and All Other. The Triple Net Leased Senior Living Communities segment offers short and long term residential care and other services for residents, which the company receive rents from the operators. The Managed Senior Living Communities segment includes short and long term residential care and other services for residents, which the company pays fees to the operator to manage the communities for its account. The MOBs segment refers to the tenants paying for rent. The All Other segment comprises operations, including properties that offer wellness, fitness and spa services to members. The company was founded on December 16, 1998 and is headquartered in Newton, MA.

Kainos Group Plc IT Consulting & Services | Belfast, BF

Kainos Group Plc is an investment holding company, which engages in the development of digital technology solutions. It operates through Digital Services and Digital Platforms segments. The Digital Services segment includes full life cycle development and support of digital solutions for government and commercial customers. The Digital Platforms segment consist of Evolve EMR, a product for the digitization of patient notes in the Acute sector of the National Health Service (NHS); Evolve IC, an integrated care platform for NHS and international healthcare providers; and Smart, an automated testing platform for Workday customers. The company was founded in 1986 and is headquartered in Belfast, the United Kingdom.

Awards & Honors
Rank #537
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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