Tag Archives: Magellan Health Services

Aetna, Cigna, Magellan Offer Free Counseling Hotlines After Boston Marathon Explosion

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Three insurers — Aetna, Cigna Corp. and Magellan Health Services Inc. — are offering free behavioral health consultations to help people deal with trauma and grief related to the Boston Marathon.

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Avon-based Magellan Health Services To Have A New CEO Starting Jan. 1

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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.

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Magellan Health Reports Third-Quarter Earnings Far Above Analysts’ Expectations

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Magellan Health Services Inc. saw its stock leap early Friday as third-quarter earnings beat analysts’ expectations.

Net income for the three-month period ending Sept. 30 was $66.3 million, or $2.36 per diluted share, compared with $31.4 million, or $1.03 per diluted share, during the same period in 2011.

Analysts polled by Thomson Reuters were expecting, on average, 97 cents per share.

“We are pleased with our recent contract award to administer the Military and Family Life Counseling (MFLC) program for the U.S. Department of Defense, which gives us a stronger foothold in the military and federal government space,” said Magellan chairman and CEO René Lerer.

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