OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News Magellan Health Services announced on September 30, 2003 that it has gained the support of its largest unsecured creditor, R2 Investments, regarding Magellan's plan to emerge from bankruptcy. The behavioral health managed care company, based in Columbia, Maryland, has been in Chapter 11 bankruptcy since March 2003. R2 Investments holds $212.5 million in 9% senior subordinated notes and $29.8 million in 9-3/8% senior notes. Magellan changed its initial reorganization plan to gain R2's . . .
Management Newsletter Article |