Magellan Reports Drop In Revenue And Segment Profit In First Quarter Of Fiscal Year 2002

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On February 12, 2002 - Magellan Health Services, Inc., reported net revenues for the first quarter of fiscal year 2002 of $444.8 million, compared to the prior year quarter with revenues of $445.9 million. The company also reported segment profit (net revenues less cost of care, direct service costs and other operating expenses plus equity in earnings of unconsolidated subsidiaries) of $52.9 million, compared to segment profit of $71.3 million in the prior year quarter. Segment Profit is EBITDA (Earnings Before Interest, Taxes, Depreciation and . . .