Add-on Acquisition • Healthcare Services

Centene Acquires Magellan Health

On January 4, 2021, Centene acquired healthcare services company Magellan Health for 2.2B USD

Acquisition Context
  • This is Centene’s 13th transaction in the Healthcare Services sector.
  • This is Centene’s 3rd largest (disclosed) transaction.
  • This is Centene’s 18th transaction in the United States.
  • This is Centene’s 1st transaction in Arizona.

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M&A Deal Summary

Date January 4, 2021
Target Magellan Health
Sector Healthcare Services
Buyer(s) Centene
Deal Type Add-on Acquisition
Deal Value 2.2B USD
Advisor(s) Goldman Sachs
Guggenheim Securities (Financial)
Weil Gotshal & Manges (Legal)

Target Company

Magellan Health

Phoenix, Arizona, United States
Entrance to Magellan's office in Columbia, Maryland.
Entrance to Magellan's office in Columbia, Maryland.
Magellan Health, Inc. is a provider of managed behavioral healthcare services, radiology benefit management services, and specialty pharmaceutical management services. Magellan Health was formed in 1969 and is based in Scottsdale, Arizona.
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Buyer Overview 1

Buyer

Centene

St. Louis, Missouri, United States

Category Company
Founded 1984
Sector Insurance
Employees60,400
Revenue 163.1B USD (2024)
DESCRIPTION
Centene's corporate headquarters in St. Louis, Missouri.
Centene's corporate headquarters in St. Louis, Missouri.

Centene is a diversified, multi-national healthcare enterprise that provides programs and services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. Centene was incorporated in 1984 and is based in St. Louis, Missouri.


Deal Context for Buyer #
Overall 20 of 21
Sector: Healthcare Services 13 of 14
Type: Add-on Acquisition 13 of 14
State: Arizona 1 of 1
Country: United States 18 of 19
Year: 2021 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Pantherx

Pittsburgh, Pennsylvania, United States

Pantherx is a rare disease pharmacy, comprehensively serving patients afflicted with rare and devastating conditions through the delivery of medical breakthroughs, clinical excellence, and access solutions. Pantherx offers a suite of synchronized compliance, logistics, and analytics solutions to help streamline the process of delivering orphan medications and care to people living with complicated rare diseases. Pantherx was founded in 2011 and is based in Pittsburgh, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Magellan Specialty Health

United States

Magellan Specialty Health is a specialty benefit management organization that offers industry-leading utilization management solutions to health plans, including radiology management, musculoskeletal management, physical medicine management, and genetic testing solutions. Magellan Specialty Health is based in United States.

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