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News Breaks
March 26, 2013
05:52 EDTMGLNMagellan Health price target lowered to $52 from $61 at Deutsche Bank
Deutsche Bank lowered its price target for Magellan Health after the company lost the Arizona Medicaid contract to Maricopa, which has Aetna (AET) as its administrator. Deutsche estimates Maricopa generated 15%-20% of Magellan's 2012 EBITDA, but keeps a Buy rating on the stock.
News For MGLN From The Last 14 Days
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April 15, 2014
16:31 EDTMGLNMagellan Health and customer agree to amend contract
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April 14, 2014
15:01 EDTMGLNMagellan Health extends contract with 'significant' customer
Magellan Health disclosed in a regulatory filing that as disclosed in the Magellan Health Services, Form 10-K, filed on March 3, the Company has a contract with one of the significant customers in its Specialty Solutions segment with a term ending Janaury 31, 2015 which generated revenue of $47.3M for the year ended December 31. On April 9, the company and this customer agreed to extend this contract through January 31, 2016
April 8, 2014
09:23 EDTMGLNLeerink views final rates as favorable for MA plans
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