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News Breaks
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
News For MGLN From The Last 14 Days
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December 17, 2014
10:51 EDTMGLNLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte provides outlook and favorite names for 2015 in the Hospitals and Managed Care Industry on an Analyst/Industry conference call to be held on December 18 at 1 pm.
December 16, 2014
06:36 EDTMGLNMagellan Health reaffirms FY14 guidance
The company confirmed its FY14 guidance, which was most recently updated in October. “We’ve made great progress this year on our plan for growth, primarily related to our Magellan Complete Care and Pharmacy Management initiatives,” said the company. “In MCC, we are managing the total care of individuals with complex needs. We serve those with serious mental illness in Florida, and Medicaid Managed Long Term Care recipients in New York. In our pharmacy business, we now offer full service pharmacy capabilities to manage the entire drug spend of populations for health plan, employer, and government customers. We will continue to solidify our leadership position in population health management in the coming years across our behavioral health, pharmacy and specialty solutions businesses.”
06:34 EDTMGLNMagellan Health sees FY 15 adj. EPS $3.28-$3.73, consensus $2.67
Sees FY15 revenue $4.25B-$4.49B, consensus $4.47B. Sees FY15 EPS $1.90-$2.50, inclusive of share repurchases to date. For 2015, the company is assuming weighted average shares outstanding of 26.8M. The company also expects segment profit to be in the range of $265M-$285M. Cash flow from operations is expected to be in the range of $171M-$195M.
December 10, 2014
14:16 EDTMGLNMagellan Health to host conference call
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