Hartford Business.com
September 02, 2010
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Magellan Health Services Inc. in Avon received a two-year extension on its $1.5 billion contract to provide managed behaviorial healthcare services to Medicaid recipients in Arizona, a regulatory filing shows.
The Arizona Department of Health Services notified Magellan last Thursday of the second extension on its three-year agreement by two years, through June 30, 2012 - coinciding with the end of Arizona's fiscal year, according to Magellan's 8K filing with the Securities and Exchange Commission.
The pact was to expire on Aug. 31, according to the filing, which did not detail the dollar value of the extension.
According to the Arizona Republic newspaper, the Magellan-Arizona mental health contract is the largest of its kind in America.
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