On June 2, 2020, Steven J. Shulman, Chairman of the Board of Directors (the
"Board") of Magellan Health, Inc., voluntarily resigned from the
Nominating/Corporate Governance Committee of the Board, effective immediately.
Following such resignation, Mr. Shulman will continue to serve as Chairman of
the Board.
Magellan Health, Inc. is engaged in the healthcare management business. The Company provides managed care and pharmacy solutions for healthcare. The Company's segments include Healthcare, Pharmacy Management and Corporate. Its Healthcare includes carve-out management services for behavioral health, employee assistance plans (EAP) and other areas of specialty healthcare including diagnostic imaging, musculoskeletal management, cardiac and physical medicine. Its Pharmacy Management segment consists of products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. Its Corporate segment consists of amounts not allocated to the Healthcare and Pharmacy Management segments. The Company provides services to health plans and other managed care organizations (MCOs), employers, labor unions, various military and governmental agencies and third party administrators (TPAs).