Magellan Health, Inc.
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Magellan Health, Inc. - overview
Established
1969
Location
Phoenix, AZ, US
Primary Industry
Healthcare
About
Magellan Health, Inc. is a leading healthcare management company that specializes in behavioral health solutions, providing services tailored to health plans, employers, and government entities. Founded in 1969 in Phoenix, US, Magellan Health focuses on comprehensive healthcare solutions. The company has undergone strategic evolution over the years to adapt to changing healthcare demands.
It was co-founded by Manuel Pichou and Rafael Petroshov. The latest significant funding round was a Trade Sale, amounting to USD 248. 00 mn, which marks the total amount raised to USD 248. 00 mn.
Magellan has completed 7 deals throughout its history. Magellan Health specializes in comprehensive behavioral healthcare solutions designed for health plans, employers, and government agencies. Their core offerings include the management of mental health and substance use disorders, employee wellbeing programs, and services for individuals with autism spectrum disorder (ASD). With a focus on tailored treatment, Magellan aims to enhance wellbeing and productivity across various U.
S. markets, including the Midwest, Southeast, and West Coast. In 2020, Magellan Health reported a revenue of USD 4. 58 bn and an EBITDA of USD 105.
07 mn. The company generates revenue through B2B contracts, primarily via subscription-based and partnership-driven services that involve ongoing fees for managed care and performance incentives based on care management outcomes. Their services are structured to ensure clients receive necessary support tailored to their organizational goals, with specific pricing plans reflecting the customized nature of offerings. Magellan Health is focused on expanding its product offerings and enhancing its market presence.
The company plans to launch new behavioral health solutions aimed at addressing emerging healthcare needs in targeted regions. Recent funding will support these initiatives as the company seeks to broaden its reach into additional geographic areas. TPG's exit from its stake in Magellan Health Services Inc. marks a significant strategic shift that may influence future expansions.
Primary Industry
Healthcare
Sub Industries
Business Support Services, Healthcare
Website
www.magellanhealth.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Magellan Health, Inc. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,799,400,000 | 3,207,397,000 | 3,546,317,000 | 3,760,118,000 | 4,597,400,000 | 4,836,884,000 | 5,838,583,000 | - | - | - |
| % Revenue Growth (YoY) | - | 14.6% | 10.6% | 6.0% | 22.3% | 5.2% | 20.7% | - | - | - |
| EBITDA (USD) | 253,004,000 | 249,581,000 | 238,194,000 | 215,076,000 | 178,376,000 | 258,938,000 | 271,020,000 | - | - | - |
| Operating Income (USD) | 194,381,000 | 189,093,000 | 166,200,000 | 124,006,000 | 75,532,000 | 152,892,000 | 155,314,000 | - | - | - |
| Operating Margin | 6.9% | 5.9% | 4.7% | 3.3% | 1.6% | 3.2% | 2.7% | - | - | - |
| % EBITDA Margin | 9.0% | 7.8% | 6.7% | 5.7% | 3.9% | 5.4% | 4.6% | - | - | - |
| NET Income (USD) | 129,623,000 | 151,027,000 | 125,261,000 | 74,231,000 | 28,707,000 | 75,789,000 | 110,141,000 | - | - | - |
| % Net Margin | 4.6% | 4.7% | 3.5% | 2.0% | 0.6% | 1.6% | 1.9% | - | - | - |
Magellan Health, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Magellan Health, Inc. | - | ||||||||
| PIPE | Completed | Magellan Health, Inc. | - | ||||||||
| Trade Sale | Completed | Senior Whole Health, LLC | - | ||||||||
| Trade Sale | Completed | Veridicus Health | - | ||||||||
| Trade Sale | Completed | Magellan Health, Inc. | - |
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Magellan Health, Inc. - employee data
Magellan Health, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Advisory Board Member | BM | ||||||
| Member Board of Directors | BM | ||||||
| Board Member | BM | ||||||
| Board Member, Chairman of Audit Committee | BM | ||||||
| Board Member | BM |
BM Board Member
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