SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Magellan Health, Inc. (NASDAQ:MGLN) today announced that in order to
further focus and advance its two growth initiatives - Magellan Complete
Care and Magellan Rx Management - the company will be organized into two
primary business units going forward - Magellan Healthcare and Magellan
Rx Management. Effective July 1, NIA Magellan will be integrated into
Magellan Healthcare to allow the combined business unit to focus more
broadly on integrated care management for special populations, as well
as specialty areas of healthcare.
"Bringing NIA Magellan and Magellan Healthcare together will better
enable us to offer bundled healthcare management products and services,
and provide additional value to customers and members through enhanced
analytics and differentiated clinical models of care," said Barry M.
Smith, chairman and chief executive officer of Magellan Health. "Our
focus on our customers' unique needs will drive the most beneficial and
customized solutions across our Healthcare business."
Sam Srivastava, CEO of Magellan Healthcare, will lead NIA Magellan's
integration and the subsequent combined business unit. Tina Blasi, CEO
of NIA Magellan, will remain at Magellan until the end of June to
provide strategic support on the transition and integration of NIA
Magellan into Magellan Healthcare.
"Under Tina's leadership, NIA Magellan has grown significantly, evolving
from a radiology management business to the broad specialty solutions
manager it is today - addressing cutting-edge and high-cost areas of
healthcare in order to improve quality of care and affordability," said
Smith. "We are incredibly grateful for Tina's strong leadership over the
past several years. She has been a driving force in both Magellan's and
NIA's overall strategy, and we greatly appreciate all of her
Magellan also announced that Bob Field, CEO of Magellan Rx Management,
has decided to retire at the end of 2015, and named Mostafa Kamal,
current general manager and senior vice president of Magellan Rx
Management's specialty division, as the new CEO, effective July 1. Field
will work with Kamal to ensure a seamless transition for employees and
"Since the acquisition of Partners Rx at the end of 2013, Bob has been
clear about his plans to retire in the near future. As such, we have
been thoughtfully planning for his succession for some time. Bob has
been instrumental in driving our pharmacy strategy and growth. Today,
our pharmacy business is more competitive, integrated and better able to
serve its customers as a result of Bob's leadership," said Smith. "In
addition, Bob's vision for Magellan Rx Management has helped us create a
full-service PBM with a focus on outstanding customer service."
Prior to being named CEO of Magellan Rx Management, Kamal was senior
vice president and general manager of Magellan Rx Management's specialty
pharmacy business, as well as chief underwriting officer. From 2011 to
2014, Kamal was vice president of pricing, underwriting and analytics.
Before joining Magellan, Kamal was director of strategy and analytics at
Medco Health Solutions, Inc. As CEO, Kamal brings with him a deep
understanding of strategy, corporate risk, pricing, sales and
account management and operations.
"We are fortunate to have broad talent and bench strength across our
businesses and are pleased that Sam Srivastava and Mostafa Kamal will be
leading these businesses into the future," Smith added.
About Magellan Health: Headquartered in Scottsdale, Ariz., Magellan
Health, Inc. is a healthcare management company that focuses on
fast-growing, complex and high-cost areas of healthcare, with an
emphasis on special population management. Magellan delivers innovative
solutions to improve quality outcomes and optimize the cost of care for
those we serve. Magellan's customers include health plans, managed care
organizations, insurance companies, employers, labor unions, various
military and government agencies, third-party administrators,
consultants and brokers. For more information, visit MagellanHealth.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150604005337/en/
Magellan Health, Inc.
Colleen Flanagan Johnson,
Renie Shapiro Silver, 877-645-6464
Source: Magellan Health, Inc.
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