M&A Deal Summary

Magellan Health Acquires First Health Services

On June 5, 2009, Magellan Health acquired diversified company First Health Services from Coventry Health Care

Acquisition Highlights
  • This is Magellan Health’s 1st transaction in the Diversified sector.
  • This is Magellan Health’s 2nd transaction in the United States.

M&A Deal Summary

Date 2009-06-05
Target First Health Services
Sector Diversified
Buyer(s) Magellan Health
Sellers(s) Coventry Health Care
Deal Type Divestiture

Target

First Health Services

United States
First Health Services Corporation provides pharmacy benefits administration, health care management, and IT services to state Medicaid programs.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Magellan Health

Phoenix, Arizona, United States

Category Company
Founded 1969
Sector Healthcare Services
Revenue 7.2B USD (2019)
DESCRIPTION
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.


DEAL STATS #
Overall 2 of 10
Sector: Diversified M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 2 of 10
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-31 National Imaging Associates

Avon, Connecticut, United States

National Imaging Associates (NIA) is a provider of radiology benefits management services in the U.S. NIA partners with healthcare payers through its Radiology Benefits Management approach to improve the clinical appropriateness, quality, and economics of diagnostic radiology services rendered to health plan enrollees.

Buy $122M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Partners Rx Management

Scottsdale, Arkansas, United States

Partners Rx®, a privately held, full-service commercial pharmacy benefits management company (PBM) with a strong focus on health plans and self-funded employers, sold primarily through third party administrators (TPAs), consultants and brokers.

Buy -

Seller(S) 1

SELLER

Coventry Health Care

Bethesda, Maryland, United States

Category Company
Founded 1986
Sector Insurance
Employees14,400
DESCRIPTION

Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.


DEAL STATS #
Overall 1 of 3
Sector: Diversified M&A 1 of 1
Type: Divestiture M&A Deals 1 of 3
Country: United States M&A 1 of 3
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-14 Group Dental Services

Rockville, Maryland, United States

Group Dental Services, Inc. is a provider of dental benefit products, networks, and administrative solutions to our valued customers for nearly half a century.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Preferred Health Systems

Wichita, Kansas, United States

Preferred Health Systems, Inc. is a provider of healthcare services.

Buy -