Magellan Health Buys Senior Whole Health

Magellan Health, a health care benefits administrator, said it has agreed to acquire Senior Whole Health, a healthcare company focused on serving complex, high-risk populations for $400 million, inclusive of a $10 million contingent payment. The deal is expected to close by the end of Q1 2018. Magellan said it expects full year 2017 revenue for Senior Whole Health of approximately $1 billion and segment profit of approximately $60 million.

Senior Whole Health provides both Medicare and Medicaid dual-eligible benefits to more than 22,000 members in Massachusetts and New York. The acquisition will allow Magellan to expand into the Massachusetts senior care options program and to further its presence in New York City’s managed long-term care market, the company said. As of August 1, Magellan will operate specialized managed care plans focused on complex populations in three states, including Florida, New York and Virginia.

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