Magellan Health Services Inc. said in a federal filing Monday that one of its customers will end a contract at the end of 2013.
The customer was not named. The customer’s contract brought in $144.5 million in revenue to Magellan during the nine-month period ending Sept. 30.
Magellan Health Services Inc. will have a new chief executive at the start of the year as current CEO René Lerer steps down to become a full-time executive chairman.
The change is part of a transition to take place over several years. Barry M. Smith, 59, will be the new CEO starting Jan. 1. Smith is a member of the company’s board.