Magellan Health Announces Sale Agreement With Madison Health Group

Magellan Health announced that private equity investor Madison Health Group (MGH) has entered into an agreement with Centene Corporation to purchase Magellan. Financial terms of the transaction were not disclosed.

Centene previously informed investors in its year-end financial results that, in December 2025, it signed a definitive agreement to divest its remaining Magellan Health businesses. In that February 6, 2026 announcement, Centene did not name the purchaser or provide transaction details.

Magellan’s announcement was posted on LinkedIn on February 14, 2026. The transaction is subject to customary closing conditions and regulatory approvals. According to the announcement, if the . . .