Behavioral Health Business January 4, 2022
A year ago today, Centene Corporation (NYSE: CNC) announced its intentions to expand its behavioral health offerings with the purchase of Magellan Health. Exactly one year later, the deal is now official.
In one of the health care industry’s first significant closings in the new year, managed care organization (MCO) Centene completed its $2.2 billion purchase Tuesday of Magellan, which operates the behavioral and specialty health division Magellan Healthcare.
Centene originally entered into a definitive agreement on January 4, 2021 to buy fellow MCO Magellan, a deal which at the time was expected to close in the second half of last year. Last week, Centene announced that they had received all necessary regulatory approvals to finalize the acquisition.
The deal...
Today's Sponsors
Today's Sponsor