California awarded the Medi-Cal Rx program to a unit of Magellan Health, a company with expertise in pharmacy benefits and mental health. But Magellan was then gobbled up by industry giant Centene.
Magellan Healthcare, a managed health company, will offer some California members access to Ria Health's at-home alcohol use disorder treatment program.
Employees who enjoy their benefits are more inclined to stay with their company. A 2025 Marsh McLennan Agency report said 73% of employees would remain if plan options were better.
The insurer will pay $95 per share in cash to acquire Magellan Health, a company providing an array of services, including pharmacy benefit management and behavioral health and employee assistance program services. The companies aim to develop a behavioral health platform.
Analysts say the Scottsdale, Arizona-based company's mix of assets, which ranges from Managed Medicaid business and radiology and behavioral health benefits could be a benefit to a strategic investors looking to broaden their payer portfolio.
Magellan Health Inc., which has created Click Therapeutics and Digital Therapeutic solutions, today announced a digital, integrated and comprehensive smoking cessation program.