Who Owns Magellan Health Company Now

Magellan Health Company has undergone significant changes in ownership over the years.

The company was founded in 1980 by René Lerer, and it was initially a small company with a limited scope.

In 2003, Magellan was acquired by UnitedHealth Group, a large health insurance company.

UnitedHealth Group owned Magellan until 2015, when it was acquired by an investment firm called Apollo Global Management.

Curious to learn more? Check out: Fidelity Magellan Performance

Centene has made significant moves in the healthcare industry, including signing an agreement to acquire Fidelis Care, a New York-based health plan.

Fidelis Care serves over 2 million Medicaid and Medicare Advantage members across New York State.

Centene's acquisition of Fidelis Care is expected to expand its presence in the Medicaid market, with Fidelis Care's membership base adding to Centene's existing customer base.

This strategic move is likely to further establish Centene as a major player in the healthcare industry.

Centene has also made headlines with its acquisition of Magellan Health, a leading provider of healthcare management and specialty pharmacy services.

Consider reading: Health Care Reits

Magellan Health has a strong presence in the Medicaid and Medicare Advantage markets, with a significant customer base.

Centene's acquisition of Magellan Health is expected to enhance its capabilities in managed care and specialty pharmacy services, further solidifying its position in the healthcare industry.

This move is likely to have a positive impact on Centene's bottom line and its ability to provide quality services to its customers.

Broaden your view: Magellan Stock Quote