Connecticut’s Magellan Health Says $144.5M/Year Contract Won’t Be Renewed

Circle Connections: Awards & Accreditations Magellan Health Services Inc. said a commercial health plan customer, responsible for about 6.1% of the Magellan's revenue for the year through September 30, 2012, has informed the company that it has decided not to renew its contract after 2013. In a filing with the U.S. Securities and Exchange Commission, the manager of behavioral health care, diagnostic imaging and other health-care services said the customer decided not to renew its contract with Magellan after a competitive evaluation process and instead is contracting with another behavioral health management vendor. Magellan didn't . . .