Magellan: 5 things to know

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Phoenix-based behavioral health insurer Magellan Health ranked among payers on this year's Fortune 500 list, having generated $7.5 billion in revenue in 2020.

Five things to know about the company:

  1. Magellan Health is led by CEO Kenneth Fasola, COO James Murray, CFO David Bourdon and CMO Caroline Carney, MD.

  2. CVS Health CEO Karen Lynch previously held an executive role at Magellan.

  3. On Jan. 4, Centene announced it would acquire Magellan for $2.2 billion. The deal is expected to be finalized in the second half of this year

  4. The payer experienced a data breach in the last year that affected 1,013,956 patients.

  5. In March, a judge granted Magellan's request to dismiss allegations that the company had improperly denied coverage for mental healthcare.

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