On January 4, 2021, Centene Corporation announced a definitive agreement to acquire Magellan Health for $2.2 billion. The transaction is expected to close in the second half of 2021. Centene anticipates the acquisition will expand its capabilities to provide “whole health” integrated physical and mental health care. The acquisition includes Magellan Health’s behavioral health, specialty health care, and pharmacy benefit management (PBM) service lines. Magellan Health will operate as part of Centene's Health Care Enterprises, and will independently support its existing customers and pursue growth opportunities. Magellan Health’s chief executive officer, Kenneth J. Fasola, and management . . .
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