About Magellan Health
Magellan Health is a company based in Scottsdale (United States) founded in 1969 was acquired by Evolent Health in November 2022. It operates as a Managed Services and HealthTech. Magellan Health has raised $101 million across 4 funding rounds from investors including Onex, Centene and Starboard Value. Magellan Health has completed 5 acquisitions, including Alpha Care, American Friends Service Committee and Bayless Integrated Healthcare. Magellan Health offers products and services including Behavioral Health Solutions, Employee Wellbeing Solutions, State Medicaid Support, and Federal Agency Solutions. Magellan Health operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Betterfly, among others.
- Headquarter Scottsdale, United States
- Stage Public
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Sectors
TechnologyHealthcare
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Phone
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Website
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Social
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- Legal Name Magellan Health, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$101 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
Onex
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
Alpha Care
& 4 more
- Acquired by
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Products & Services of Magellan Health
Magellan Health offers a comprehensive portfolio of products and services, including Behavioral Health Solutions, Employee Wellbeing Solutions, State Medicaid Support, and Federal Agency Solutions.
Behavioral health solutions are provided for various populations.
Wellbeing solutions are offered to support employee health.
Support for state Medicaid programs is provided collaboratively.
Solutions for federal agencies are developed innovatively.
People of Magellan Health
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Software Development Team
122 people
Leadership Team
76 people
Senior Team
27 people
Finance and Accounting
18 people
Operations Team
16 people
Clinical Team
14 people
Legal and Compliance
14 people
Human Resources and Administration
12 people
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Funding Insights of Magellan Health
Magellan Health has successfully raised a total of $101M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Magellan Health
Magellan Health has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Onex, Centene and Starboard Value.
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Limited information is provided about Onex's activities.
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Multiple investment strategies are employed by this hedge fund.
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Contracting, Network Development, Managed Care and Health insurance solutions company
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Investor details for Magellan Health
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Investments & Acquisitions by Magellan Health
Magellan Health has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Alpha Care, American Friends Service Committee and Bayless Integrated Healthcare.
Investment portfolio details for Magellan Health
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Healthcare solutions are offered by AlphaCare in Brooklyn since 2011.
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Customizable pharmacy services are offered for health plans and employers.
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Health care plans for seniors
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Complete acquisition details for Magellan Health
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Magellan Health
Detailed financials for Magellan Health
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- Profit trends
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Magellan Health Comparisons
Peer comparison for Magellan Health
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- Operating benchmarks
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Competitors of Magellan Health
Magellan Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Practo, Accolade, Sharecare and Betterfly, among others.
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Virtual physical therapy and digital pain care solutions are provided.
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Doctor appointments are booked and healthcare professionals are consulted online.
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Employee health benefits are facilitated via a cloud-based platform.
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Health and wellness social network for employees is provided.
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Employee health and well-being solutions are delivered through a platform.
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Detailed competitors of Magellan Health
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Latest news on Magellan Health
Complete news archive for Magellan Health
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- Full article archive
- Source and publication date
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Frequently Asked Questions about Magellan Health
Magellan Health was founded in 1969 and raised its 1st funding round 32 years after it was founded.
Magellan Health is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Magellan Health is a funded company, having raised a total of $101M across 4 funding rounds to date.
Magellan Health is focused on providing behavioral health and wellbeing solutions through a person-centered approach. Services are offered to health plans, employers, state agencies, and federal government entities. The company is committed to evidence-based solutions and quality outcomes, addressing population health, serious mental illness, employee wellbeing, and cost-effective care. Specialized resources for autism acceptance, crisis support, and federal services are also provided to enhance lives across various sectors.
Magellan Health's top competitors include Accolade, Hinge Health and Wellhub.
Magellan Health offers Behavioral Health Solutions, Employee Wellbeing Solutions, State Medicaid Support, and Federal Agency Solutions.
Magellan Health has made 5 acquisitions, including Alpha Care, American Friends Service Committee, and Bayless Integrated Healthcare.
Magellan Health has 4 investors. Key investors include Onex, Centene, Starboard Value, and Evolent Health.