News Release Details

Oct 31, 2008
Magellan Health Services to Present at Oppenheimer 19th Annual Healthcare Conference

Magellan Health Services to Present at Oppenheimer 19th Annual Healthcare Conference

AVON, Conn.--(BUSINESS WIRE)--Oct. 31, 2008--Magellan Health Services, Inc. (Nasdaq:MGLN) announced today that Rene Lerer, M.D., president and chief executive officer of the Company, will present at the Oppenheimer 19th Annual Healthcare Conference on Tuesday, November 4, 2008. Lerer is expected to provide a general overview of the Company and discuss its business strategy and outlook.

Magellan's presentation is scheduled to begin at 11:20 a.m. Eastern on Tuesday, November 4, 2008. Investors and the public are invited to access the conference audio and presentation materials via a live Webcast available through Magellan's investor relations page at MagellanHealth.com. Those who plan to access the Webcast should log on to the Web site approximately 15 minutes before the scheduled start time to register and download and install any necessary software. The conference audio and presentation materials will be available for seven days following the presentation.

Those who plan to access the Webcast are encouraged to read Magellan's Annual Report on Form 10-K for the year ended December 31, 2007, filed with the Securities and Exchange Commission on February 29, 2008, and subsequent Quarterly Reports on Form 10-Q, for material information regarding Magellan's operational and financial results, including the section entitled "Risk Factors."

About Magellan: Headquartered in Avon, Conn., Magellan Health Services, Inc. (Nasdaq:MGLN) is a leading specialty health care management organization. Its customers include health plans, corporations and government agencies.

Cautionary Statement: Certain of the statements made in the presentation may constitute forward-looking statements contemplated under the Securities Exchange Act of 1934 and the Securities Act of 1933, as amended, that involve a number of risks and uncertainties. These forward-looking statements are based on management's analysis, judgment, belief and expectations as of the date of such statements and are subject to known and unknown uncertainties and risks which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. Any forward-looking statements made in the presentation are qualified in their entirety by the more complete discussion of risks set forth in the section entitled "Risk Factors" in Magellan's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission. Magellan undertakes no obligation to publicly revise such forward looking statements to reflect events or circumstances that arise after the date of such statements.

CONTACT: Magellan Health Services, Inc.
Investor Contact:
Renie Shapiro, 877-645-6464
or
Media Contact:
Erin Somers, 410-953-2405

SOURCE: Magellan Health Services, Inc.