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Management Newsletter Article | May 31, 2000

Magellan Health Services Reports $87.9 Million In Losses And Charges For Second Quarter

By Market Intelligence Team

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News Magellan Health Services, Inc. reported May 11, 2000 year-to-date pre-tax losses and charges of $87.9 million related to the company's specialty health division, which helps insurers manage their specialty care and disease-management programs for such conditions as diabetes and cancer. The $87.9 million consists of $29.7 million of losses and a $58.2 million impairment charge related to goodwill and other long-lived assets associated with the division. Total revenue for the second quarter, which ended March 31, 2000, was . . .

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