Health care enterprise Centene Corp. has completed its acquisition of Magellan Health, Inc.
“Joining with Centene allows us to leverage the scale and strength of Centene, a FORTUNE 25 company, as we accelerate the introduction of innovative solutions that address the complex care challenges that our federal customers and participants face,” said Oscar Montes, CEO of Magellan Federal.
“We look forward to continuing to provide value to our customers with high-quality, cost-effective health and well-being solutions.”
The acquisition enables Centene to provide whole-health, integrated health care solutions to deliver better health outcomes at lower costs for complex, high-cost populations.
“Magellan will expand Centene’s reach to provide increased access to behavioral healthcare for our members at a time when so many Americans are struggling with mental or behavioral health issues,” said Michael Neidorff, chairman and CEO of Centene.
Magellan Health will operate independently under Centene’s Health Care Enterprises umbrella. Ken Fasola, CEO of Magellan Health, and other members of Magellan Health’s leadership team will continue to lead the organization.
“This transaction establishes a strong foundation from which we will innovate and reimagine behavioral and specialty health to provide comprehensive and integrated healthcare to our members, while generating value for our state partners and shareholders,” Neidorff said.