Centene has completed its $2.2 billion acquisition of managed care organization Magellan Health, moving the insurer further into the behavioral health space, Healthcare Dive reports.
Centene and Magellan cleared all regulatory hurdles, both at the state and federal level, a condition of closing the deal. Magellan will operate independently under the Centene umbrella and will continue to be led by CEO Ken Fasola.
As a leader in government-sponsored plans, Magellan will add 5.5 million members and boost Centene’s established presence in specialty healthcare and pharmacy management. Read more.
