Datapoint: Centene Strikes $2.2 Billion Deal for Magellan

Centene Corp. on Monday said it has entered an agreement to acquire Magellan Health, one of the largest independent providers of behavioral health services in the U.S. Its payer clients include Blue Cross and Blue Shield of Texas (5.9 million lives) Blue Shield of California (3.3 million lives) and Independence Blue Cross (1.8 million lives). Centene operates its own in-house behavioral health unit, Cenpatico, which serves most of its 20.0 million lives. The deal, valued at $2.2 billion, is expected to close in the second half of 2021, pending regulatory approval.

Source: AIS’s Directory of Health Plans