OPEN MINDS The Behavioral Health & Social Service Industry Analyst Industry News On March 7, 1996, Foundation Health Corporation announced that it has completed its previously announced acquisition of privately held Managed Health Network Inc. (MHN). MHN has contracts with more than 350 corporate, government, union, and health plan clients, providing employee assistance and managed behavioral health programs to more than 2.7 million covered lives. As of December 31, 1995, MHN will be consolidated with those of Foundation Health Corporation's existing behavioral health subsidiary, Foundation Health PsychCare Services, Inc . . .