Monthly Management Newsletter

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News Late on Friday, November 1, Magellan Health Services, Inc. (OCBB: MGLH) reported that entered into an amendment to its lender Credit Agreement to waive financial covenants through December, 2002. In a news release, the company reiterated its intention to use the waivers as it continues with its efforts to reduce debt and improve capital structure. Magellan consecutively announced that the Board of Directors has accepted the resignation of Daniel S. Messina from the position of president and chief executive . . .
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