Magellan Health to Acquire Senior Whole Health

10/9/17

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Magellan Health, Inc. (NASDAQ:MGLN) today announced that it has received all necessary regulatory approvals regarding its agreement to acquire Senior Whole Health, a healthcare company focused on serving complex, high-risk populations, providing both Medicare and Medicaid dual-eligible benefits to more than 22,000 members in Massachusetts and New York. Magellan now expects closing on or before December 31, 2017.

“The receipt of all necessary approvals around this transaction is illustrative of both Magellan’s and Senior Whole Health’s sound business strategy and execution concerning this acquisition,” said Barry M. Smith, chairman and chief executive officer of Magellan Health. “As a leader in managing chronic and specialty populations, this acquisition makes sense from both a strategic and a financial perspective.”

About Magellan Health: Magellan Health, Inc. is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.

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