Magellan Healthcare Selected to Administer Idaho’s Behavioral Health Transformation

FRISCO, Texas, July 20, 2023--(BUSINESS WIRE)--Magellan Health, Inc., a leader in behavioral health, announced today that its subsidiary, Magellan Healthcare, Inc., has been selected by the State of Idaho to serve as the state-wide contractor for the Idaho Behavioral Health Plan (IBHP) and to bring Idaho’s transformational behavioral health program to life. The plan offers a system of medically necessary, integrated care and crisis services for individuals with a serious mental illness, severe and persistent mental illness, serious emotional disturbance, substance use disorder and those with co-occurring disorders. The contract includes Medicaid and non-Medicaid services, creating a transformational and seamless behavioral health system for Idahoans.

"We are deeply honored that the great state of Idaho has selected Magellan Healthcare as the administrator of the IBHP and look forward to serving children and adults with complex behavioral health needs," said Caroline Carney, M.D., president of behavioral health and chief medical officer of Magellan Health. "Magellan understands the complex needs of special populations and draws on deep clinical expertise to create high-quality behavioral health outcomes for those we serve."

About Magellan Health: Magellan Health, Inc. supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.

(MGLN-GEN)

Forward-Looking Statements

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(Envolve)), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we previously recorded and on other acceptable terms, or at all, or whether additional claims, reviews or investigations will be brought by states, the federal government or shareholder litigants, or government investigations; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions or dispositions; any changes in expected closing dates, estimated purchase price, and accretion for acquisitions or dispositions; restrictions and limitations in connection with our indebtedness; a downgrade of the credit rating of our indebtedness; the availability of debt and equity financing on terms that are favorable to us; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. 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Contacts

Lilly Ackley, ackleyl@magellanhealth.com

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