ValueOptions and TennCare Contract Negotiations End; Magellan TennCareContracts Restructured

February 16, 2004 ValueOptions and TennCare Contract Negotiations End; Magellan TennCare Contracts Restructured In light of the discontinuation of contract negotiations between Tennessee and ValueOptions that had been awarded the contracts for the Middle and West regions, Tennessee Behavioral Health and Premier Behavioral Systems of Tennessee, a joint venture between Magellan Health Services Inc. (Magellan) and HCA Healthcare Inc., have agreed with that they will continue to serve the approximately 800,000 members in those regions from July 1 through December 31, 2004. Current rates for the contracts will remain in effect until June 30, 2004 (the end of the . . .