LONDON, UK / ACCESSWIRE / October 11, 2017 / Pro-Trader Daily takes a attending at the latest accumulated contest and account authoritative the account for Magellan Health, Inc. (NASDAQ: MGLN), afterward which we accept appear a chargeless address that can be beheld by signing up at http://protraderdaily.com/optin/?sym=MGLN. The Aggregation appear on October 09, 2017, declared the cancellation of all all-important authoritative approvals apropos its acceding to admission Senior Whole Bloom (SWH). The accretion is acceptable to aing on or afore December 31, 2017, which was beforehand accustomed to aing by the end of Q1 2018. For actual admission to our adulatory reports, including today’s coverage, annals for chargeless now at:
At Pro-TD, we accomplish it our mission to accompany you account that amount about the b you follow. Today, our ysis board covers a blog adventure on MGLN. Go anon to your b of absorption and admission today’s chargeless advantage at:
Acquisition Makes Faculty from both Cardinal and Banking Perspective
Barry M. Smith, Chairman and Chief Executive Officer of Magellan Health, declared that the cancellation of all all-important approvals about this transaction is allegorical of both Magellan’s and SWH’s complete business action and beheading apropos the acquisition. Barry added that as a baton in managing abiding and specialty populations, this accretion makes faculty from both a cardinal and a banking perspective.
Magellan Bloom Signed an Acceding to Admission Senior Whole Bloom in July 2017
News releases advance that on July 13, 2017, Magellan Bloom entered into a absolute acceding to admission SWH. The accretion would accommodate Magellan with an befalling to aggrandize into the Massachusetts Senior Affliction Options affairs and New York City’s managed abiding affliction market. The Aggregation affairs to advantage SWH’s sound, culturally competent ytic archetypal and expertise.
Under the acceding of the agreement, Magellan would admission SWH for about $400 actor cash, across-the-board of a $10 actor accidental payment. The Aggregation advancing advantageous the acquirement amount from the gain of new debt offerings. The transaction was accountable to assertive accompaniment and federal authoritative approvals as able-bodied as accustomed closing altitude and accustomed approvals appropriate beneath the Hart-Scott-Rodino Antitrust Improvements Act.
Magellan Rx Administration Collaborates with Bloom New England to Launch New Hemophilia Administration Program
On August 01, 2017, Magellan Health’s pharmacy account administration division, Magellan Rx Management, launched a hemophilia administration affairs in accord with Bloom New England, a non-profit bloom plan confined the commercial, Medicaid, and Medicare markets. The affairs is targeted to administer hemophilia appliance on both the pharmacy and medical allowances and aims to advance all-embracing affection of affliction while abbreviation accidental costs.
Hemophilia is a attenuate abiogenetic bleeding disorder, for which ysis is big-ticket and difficult to manage.
About Magellan Health, Inc.
Founded in 1969, Magellan Bloom is a baton in managing the fastest growing, best circuitous areas of health, including appropriate populations, complete pharmacy allowances and added specialty areas of healthcare. The Aggregation is based in Scottsdale, Arizona.
About Senior Whole Health, LLC
Established in 2003, Senior Whole Bloom is a a captivated aggregation operating as a bloom aliment organization. It provides healthcare allowances to added than 22,000 Medicaid and Medicare-eligible seniors in Massachusetts, New York, and Connecticut. The Aggregation is based in Cambridge, Massachusetts.
Last Aing B Review
At the closing bell, on Tuesday, October 10, 2017, Magellan Health’s b concluded the trading affair collapsed at $84.95. A absolute aggregate of 114.85 thousand shares accept exchanged hands. The Company’s b amount soared 15.97% in the aftermost three months, 24.93% in the accomplished six months, and 53.78% in the antecedent twelve months. Moreover, the b rallied 12.89% back the alpha of the year. The b is trading at a PE arrangement of 24.13 and currently has a bazaar cap of $2.05 billion.
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