Charter Acquisition of Green Spring Finalized; Magellan Emerges

OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News Charter Medical Corporation announced December 14, 1995, that it completed the acquisition of a majority equity investment in Green Spring Health Service, Inc. Charter Medical said its integration plan has progressed concurrently with the completion of its investment in Green Spring. Charter becomes a new holding company named Magellan Health Services, Inc., which has three primary operating companies: Charter Behavioral Health Systems, Green Spring Health Services, and Magellan Public Solutions. Green Spring will maintain its corporate name and its clinical independence as a separate company, owned by several . . .