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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
News For MGLN From The Last 14 Days
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October 6, 2015
09:48 EDTMGLNMagellan Health Florida program can still be profitable, says Jefferies
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08:14 EDTMGLNMagellan Health Florida rate significantly lower than expected, says Leerink
Leerink analyst Ana Gupte calls the final rate released by the Florida Medicaid Agency as significantly lower than expected for Magellan Health (MGLN). Gupte sees 10c-20c in earnings per share downside for FY15 and 30c-60c downside in FY16. The rate disappointment is Magellan-specific as Centene (CNC) indicated that the rate increase for it is in line with its expectation, the analyst tells investors in a research note. The rate disappointment is also an additional 2016 headwind for Magellan after the Iowa contract, she adds. The analyst keeps a Market Perform rating on Magellan.
08:12 EDTMGLNMagellan Health sees 3% lower blended rates for unit due to AHCA rate change
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