Behavioral health managed care and pharmacy benefit management
Strategic Profile
As an American managed health care company focused on behavioral healthcare, Magellan specializes in managing complex and costly health care services. The company offers innovative solutions combining analytics, technology and clinical rigor to drive better decision making and optimize the cost of care for customers.
Cyborg Score Rationale
Magellan Health is no longer an independent public company; it was fully acquired by Centene Corporation in 2021 and delisted from NASDAQ. As a private subsidiary, traditional equity valuation metrics do not apply.
Top Insights
Magellan was acquired by Centene in 2021 and is no longer publicly traded
Core competency in behavioral health, EAP, and specialty pharmaceutical management
Historical revenue as of June 2026 TTM was $4.82 billion
Operates as a subsidiary focused on carve-out management services for complex healthcare
Named Competitors
UnitedHealthcare — Diversified health and well-being services and health insurance
Anthem — Health insurance and managed care provider
CVS Health — Integrated health services and pharmacy benefits management
Recent Developments
(January 2021) Merger agreement signed with Centene Corporation
(H2 2021) Merger transaction completed; Magellan became wholly-owned Centene subsidiary
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