Magellan Health is a United States-based company that specializes in managed care, behavioral healthcare, and pharmacy management services. Headquartered in Scottsdale, Arizona, the company was founded in 1969 as a not-for-profit corporation known as Charter Medical Corporation. Initially, Magellan Health focused on providing psychiatric and medical healthcare services to patients in private and public hospitals.

Over the years, the company expanded its scope to include a wide range of services such as employee assistance programs, disability management, and managed care for Medicaid populations. Currently, Magellan Health operates through two segments: Healthcare and Pharmacy Management. Under the Healthcare segment, the company offers services such as behavioral health services, specialty health, utilization management, and care coordination.

The Pharmacy Management segment includes pharmacy benefit management, specialty pharmacy services, and pharmaceutical dispensing services. Magellan Health has a global presence, although its operations primarily focus on the United States. The company serves commercial, Medicaid, Medicare, and federal public sector industries.

It operates through a network of subsidiaries, joint ventures, and partnerships, including Magellan Complete Care, Magellan Rx, and Magellan Federal. In terms of market position, Magellan Health is considered one of the leading managed care and healthcare management companies in the United States. With a diverse range of products and services, the company has built a strong presence in the healthcare industry, catering to both public and private sector clients.

Magellan Health has experienced significant growth over the years, marked by strategic acquisitions and partnerships. Notably, in 2015, the company acquired Veridicus Holdings, LLC, expanding its specialty pharmacy offerings. Additionally, Magellan Health has focused on developing innovative solutions and leveraging technology to improve the delivery of healthcare services.

As of the latest available information, Magellan Health continues to operate as a prominent player in the healthcare industry. However, it is important to note that the company has faced challenges and changes in recent years, including leadership changes and the sale of some of its businesses