About Magellan Health
Magellan Health is a Technology company based in Scottsdale (United States) founded in 1969, and was acquired by Evolent Health in November 2022. Behavioral healthcare management and pharmacy services are provided for employees. It operates on a Managed Services and HealthTech model in Technology and Healthcare sectors. 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. Its website magellanhealth.com draws about 29 thousand monthly visits. Magellan Health offers products and services including Behavioral Health Solutions, Employee Wellbeing Solutions, State Medicaid Support, and Federal Agency Solutions. Its focus areas include Behavioral Health and Mental Health Services. Its legal entity is Magellan Health, Inc. Its competitors include Hinge Health, Accolade and Sharecare; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Scottsdale, United States
- Stage Acquired
- SectorsTechnologyHealthcare
- Website category Finance · Insurance
- Website magellanhealth.com
- Social LinkedIn X Facebook YouTube
- Acquired by Evolent Health (Nov 2022)
- Legal Name Magellan Health, Inc.
- Total Equity Funding$101M (USD)
in 4 rounds
- InvestorsOnex
& 3 more
- Investments & AcquisitionsAlpha Care
& 4 more
- Acquired by
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.
Apps and channels of Magellan Health
its YouTube channel Magellan Health Official has 821 subscribers and 30 videos.
Videos from Magellan Health
The most watched videos on Magellan Health's YouTube channel, Magellan Health Official (821 subscribers). Click a video to play it here.
More on Magellan Health Official.
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 $101M
- Total Rounds 4
- First Round $250M
(Jun 2001)
- Investors Count 2
All 4 funding rounds of Magellan Health with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | Post-IPO | – | – | ||
| Oct 2016 | $1.09M | Post-IPO | – | – | – |
| Jan 2004 | $101M | Private Equity Round | – | – | |
| Jun 2001 | $250M | Debt – Conventional | – | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Limited information is provided about Onex's activities. | 1984 | onex.com | Toronto, Canada | |
Multiple investment strategies are employed by this hedge fund. | 2002 | starboardvalue.com | New York, United States | |
Contracting, Network Development, Managed Care and Health insurance solutions company | 1984 | centene.com | St. Louis, United States | |
| evolenthealth.com |
Investor details for Magellan Health
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People of Magellan Health
414 people are tracked at Magellan Health (139 in leadership, 6 in board & advisors, 269 in team).
| Name | Role | Group |
|---|---|---|
Lee Ellen Meiss | COO | Leadership |
Gabi Vandermark | VP Of Software Engineering | Leadership |
Teresa Alcorn | CFO | Leadership |
Lindsay Streeper | Vice President Marketing | Leadership |
Hetal Patel | Sr. Director Of Software Engineering | Leadership |
Tony Pedroncelli | Director, Information Technology | Leadership |
Caroline Carney | CEO | Leadership |
Srini Koushik | CTO | Leadership |
Don Nagy | Vice President | Leadership |
Poonam S Bhogal Mbaan | Vice President | Head Corporate Learning And Development | Business Transformation Office | Leadership |
Rajan Kamatchi | Director Of Information Technology | Leadership |
Pam Spires | Director, Client Technology Implementation & Support | Leadership |
Kelly Ray | Vice President, Account Management Specialty | Leadership |
Kelley Pennington | Senior Vice President, Behavioral Health Operations | Leadership |
Yagnesh Vadgama | President And COO Of Hai-ca And Magellan Health Services | Leadership |
Janet Maurer | NIA Vp, Quality | Leadership |
Yolanda Davis-Bégin | Vice President, HR Operations & Talent Acquisition Operations | Leadership |
Nicole Lucas | Sr. Director Of Specialty And Financial Analyst | Leadership |
Heather Cosman | Senior Director, Strategic Sourcing | Leadership |
Ranjeeta B. | Director, IT Analysis, IT Solutions Owner Cx/ux/ui | Leadership |
394 more people are available in the full profile.
Complete people profiles for Magellan Health
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- Full employee list
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Broadcast network featuring jazz and independent film programming is provided. | baylesshealthcare.com | Phoenix, United States | 1982 | Dec 2020 | •••• | |
Health care plans for seniors | seniorwholehealth.com | Cambridge, United States | 2004 | Jul 2017 | $400M | |
Customizable pharmacy services are offered for health plans and employers. | veridicushealth.com | Salt Lake, United States | 2006 | Nov 2016 | $72.5M | |
Aerospace engineering and design services are provided to clients. | afsc.com | Arlington, United States | 1993 | May 2016 | $117.5M | |
Healthcare solutions are offered by AlphaCare in Brooklyn since 2011. | alphacare.com | Brooklyn, United States | 2011 | Aug 2013 | •••• |
Complete acquisition details for Magellan Health
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- Complete history
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Timeline of Magellan Health
11 dated milestones of Magellan Health across 53 years, from founding to its latest funding, stage changes and deals.
- Founded Magellan Health is founded.
- Funding First funding round of $250.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Alpha Care.
- Acquisition Acquires American Friends Service Committee.
- Acquisition Acquires Veridicus Health.
- Acquisition Acquires Senior Whole Health.
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires Bayless Integrated Healthcare.
- Exit Acquired by Centene.
- Exit Acquired by Evolent Health.
Competitors of Magellan Health
Magellan Health has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Accolade and Sharecare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. | ||
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. |
Detailed competitors of Magellan Health
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Web traffic of Magellan Health
The website of Magellan Health (magellanhealth.com) receives about 28.9K visits a month and ranks #1,122,784 among all websites worldwide, #4,553 in Insurance.
- Monthly visits28.9K
▲ 14.8% vs previous month
- Unique visitors14.6K
per month
- Global rank#1,122,784
among all websites
- Category rank#4,553
Finance · Insurance
- Bounce rate53%
- Pages per visit1.8
- Average visit25 sec
- DevicesDesktop 44% · Mobile 56%
Websites whose visitors overlap most with Magellan Health. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| magellanprovider.com | 100% | #598,718 | View details | ||
magellanhealthcare.com | magellanhealthcare.com | 73% | #634,092 | – | |
| bcbsil.com | 70% | #17,579 | View details | ||
imstpa.com | imstpa.com | 63% | #2,137,988 | – | |
| aetna.com | 62% | 12.6M | #3,061 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Magellan Health
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- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Magellan Health (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about Magellan Health
Complete news archive for Magellan Health
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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. The company's 1st funding round was a Debt – Conventional of $250M, raised on Jun 2001.
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 Sharecare.
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.
Magellan Health operates through Magellan Health, Inc..
Yes. Magellan Health was acquired by Evolent Health in November 2022.