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
*********
- Legal Name Magellan Health, Inc.
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Annual Revenue
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Net Profit
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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
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Investors
Onex
& 3 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(01 Jun 2001)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Post-IPO - Magellan Health | Valuation |
investors |
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| Oct, 2016 | Amount | Post-IPO - Magellan Health | Valuation |
investors |
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| Jan, 2004 | Amount | Private Equity Round - Magellan Health | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Limited information is provided about Onex's activities.
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Founded Year | Domain | Location | |
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Multiple investment strategies are employed by this hedge fund.
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Founded Year | Domain | Location | |
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Contracting, Network Development, Managed Care and Health insurance solutions company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2011 | ||||
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Customizable pharmacy services are offered for health plans and employers.
|
2006 | ||||
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Health care plans for seniors
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Magellan Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magellan Health Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Magellan Health
Frequently Asked Questions about Magellan Health
When was Magellan Health founded?
Magellan Health was founded in 1969 and raised its 1st funding round 32 years after it was founded.
Where is Magellan Health located?
Magellan Health is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Is Magellan Health a funded company?
Magellan Health is a funded company, having raised a total of $101M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $101M, raised on Jun 01, 2001.
What does Magellan Health do?
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.
Who are the top competitors of Magellan Health?
Magellan Health's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Magellan Health offer?
Magellan Health offers Behavioral Health Solutions, Employee Wellbeing Solutions, State Medicaid Support, and Federal Agency Solutions.
How many acquisitions has Magellan Health made?
Magellan Health has made 5 acquisitions, including Alpha Care, American Friends Service Committee, and Bayless Integrated Healthcare.
Who are Magellan Health's investors?
Magellan Health has 4 investors. Key investors include Onex, Centene, Starboard Value, and Evolent Health.