MAGELLAN HEALTH SERVICES AND PHOENIX HEALTH PLAN ANNOUNCE JOINT VENTURE DEVELOPMENT AGREEMENT
AVON, Conn. & NASHVILLE, Tenn.–(BUSINESS WIRE)– Magellan Health Services, Inc. (NASDAQ: MGLN – News) and VHS Phoenix Health Plan, LLC, a auxiliary of Vanguard Health Systems, Inc. (NYSE: VHS – News), now voiced that they have entered in to a corner try growth agreement pursuant to which they will form a corner try to move together their poignant behavioral health and healing management capabilities to manage integrated caring in a holistic demeanour to improved serve people with vicious mental seizure (SMI) in the state of Arizona. The corner venture, to be called Magellan of Arizona, Inc., will reply to a ask for offer (RFP) that is approaching to be expelled by the state of Arizona in 2012 to manage behavioral health services for the ubiquitous Medicaid race and integrated behavioral and earthy seizure caring for recipients with vicious mental seizure in Maricopa County. The RFP will approaching address management services for the race now served in Maricopa County by Magellan underneath the stream stipulate which is set to end on Sep 30, 2013.
“This corner try growth agreement is an additional vicious step as we go on to renovate the management of behavioral seizure in Maricopa County and nationally,” pronounced René Lerer, M.D., Magellan’s authority and arch senior manager officer. “Since we began our partnership with the state of Arizona in 2007, we have focused on a complement that embraces the precepts of resiliency and liberation and ensuring individual preference in all that we do. This has proven to be really successful in Maricopa County and is famous as a inhabitant indication for what other states can do. Our prophesy is anticipating brand brand new solutions to improved serve people with SMI by integrating the management of behavioral and earthy seizure care. That’s because in 2011 we launched innovative integrated seizure home commander programs to collect information and benefit knowledge to beam our destiny plans. Now, operative with Phoenix Health Plan and the affiliates, we will be able to significantly raise the corner management, coordination and formation of caring for the populations we serve. This continues our joining to creation as we now yield behavioral seizure services to we estimate ten percent of the U.S. population.”
“Vanguard Health Systems’ goal and role is to assistance people grasp Health for Life, and this agreement with Magellan provides us the event to go on delivering on this guarantee in the state of Arizona,” remarkable Charles N. Martin, Jr., authority and arch senior manager military military military military officer of Vanguard Health Systems. “Serious mental seizure is a poignant open seizure concern, and we extol the state for deliberation this holistic indication of caring for the race in Maricopa County. We demeanour brazen to expanding our use to a single of our many vicious communities.”
“This will be an sparkling corner craving that will assistance us to go on to make a suggestive disproportion in the lives of the people we serve in the internal community,” pronounced Richard T. Clarke, Ph.D., arch senior manager military military military military officer of Magellan Health Services of Arizona. “The concentration of the corner try will be to encounter the plea of mending hold up outlook for people challenged with vicious mental illness. It’s a inhabitant tragedy that people with SMI served by the open mental seizure complement die, on average, twenty-five years progressing than the ubiquitous race mostly due to treatable conditions. In Arizona, it’s closer to twenty-seven years earlier. That’s because this corner try is so important. Phoenix Health Plan has low healing management imagination and is a strong, reputable internal presence. Bringing the strengths together with our behavioral seizure management knowledge will assistance us expostulate improved outcomes.”
Nancy Novick, arch senior manager military military military military officer of Phoenix Health Plan, added, “We have a longstanding attribute with the state of Arizona with we estimate 204,000 lives managed through our seizure plan. Our vigilant is to precedence this knowledge in multiple with Magellan’s behavioral seizure services. We’re assured this multiple can encounter the vicious need the state of Arizona will address in the RFP.”
The corner try will be structured with Magellan Health Services of Arizona owning 80 percent of the entity and Phoenix Health Plan owning the other twenty percent. There is no declaration that the state of Arizona will emanate an RFP or that Magellan of Arizona will in conclusion be the successful bidder.
About Magellan Health Services: Headquartered in Avon, Conn., Magellan Health Services, Inc. is a heading featured item seizure caring management classification with imagination in handling behavioral health, radiology and featured item pharmaceuticals, as well as open zone pharmacy benefits programs. Magellan delivers innovative solutions to urge peculiarity outcomes and optimize the price of caring for those we serve. As of Sep thirty 2011, Magellan’s commercial operation enclosed seizure plans, employers and supervision agencies, portion we estimate 31.2 million members in our behavioral seizure business, 16.3 million members in our radiology benefits management segment, and 5.5 million members in our healing pharmacy management product. In addition, the featured item curative shred served 41 seizure skeleton and multiform curative manufacturers and state Medicaid programs. The company’s Medicaid Administration shred served twenty-five states and the District of Columbia. For more information, visit www.MagellanHealth.com.
About Vanguard Health Systems: Based in Nashville, Tenn., Vanguard Health Systems owns and operates twenty-eight strident caring and featured item hospitals and interrelated comforts and services in civil Chicago, Illinois; civil Phoenix, Arizona; civil Detroit, Michigan; San Antonio, Texas; Harlingen and Brownsville, Texas; and Worcester and civil Boston, Massachusetts. Vanguard Health Systems’ plan is to rise locally branded, extensive healthcare smoothness networks in civic markets. For more information, visit www.vanguardhealth.com.
Cautionary Statement
This recover contains forward-looking statements inside of the definition of the Securities Exchange Act of 1934 and the Securities Act of 1933, as amended, which engage a number of risks and uncertainties. All statements, other than statements of chronological information supposing herein, may be deemed to be forward-looking statements including, though limitation, statements per the corner try growth agreement and the ensuing corner venture, the approaching RFP for Maricopa County, and the commercial operation and management outcomes of the corner venture. These statements are based on the analysis, judgment, idea and expectancy of the management of Magellan and Vanguard Health Systems usually as of the date hereof, and are theme to doubt and changes in circumstances. Without tying the foregoing, the difference “believes,” “anticipates,” “plans,” “expects,” “may,” “should,” “could,” “estimate,” “intend” and other identical expressions are dictated to brand forward-looking statements. Actual formula could talk about materially from destiny formula voiced or pragmatic by such forward-looking statements due to, between other things, changes in, or delays in the distribution of, the RFP; the capability of the corner try to be awarded the stipulate to manage integrated behavioral and earthy seizure caring in Maricopa County, Arizona; larger than approaching costs in tie with the corner venture; the stroke of brand brand new or nice laws or regulations; bureaucratic inquiries; litigation; competition; operational issues; and ubiquitous commercial operation conditions. Additional factors that could means tangible formula to talk about materially from those reflected in the forward-looking statements include, though are not singular to, the risks discussed in the “Risk Factors” territory enclosed inside of Magellan’s Annual Report on Form 10-K for the year finished Dec 31, 2010, filed with the Securities and Exchange Commission on Feb 25, 2011, Magellan’s Quarterly Report on Form 10-Q for the entertain finished Sep 30, 2011, filed with the Securities and Exchange Commission on Oct 27, 2011, and Vanguard Health Systems’ Annual Report on Form 10-K for the year finished Jun 30, 2011, filed with the Securities and Exchange Commission on Aug 25, 2011. Readers are cautioned not to place unjustified faith on these forward-looking statements. Neither Magellan nor Vanguard Health Systems undertakes any requisite to refurbish these forward-looking statements to simulate events or resources that movement after the date of this release.
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Source: health – Yahoo! News Search Results
AVON, Conn. & NASHVILLE, Tenn.–(BUSINESS WIRE)– Magellan Health Services, Inc. (NASDAQ: MGLN – News) and VHS Phoenix Health Plan, LLC, a auxiliary of Vanguard Health Systems, Inc. (NYSE: VHS – News), now voiced that they have entered in to a corner try growth agreement pursuant to which they will form a corner try to move together their poignant behavioral health and healing management capabilities to manage integrated caring in a holistic demeanour to improved serve people with vicious mental seizure (SMI) in the state of Arizona. The corner venture, to be called Magellan of Arizona, Inc., will reply to a ask for offer (RFP) that is approaching to be expelled by the state of Arizona in 2012 to manage behavioral health services for the ubiquitous Medicaid race and integrated behavioral and earthy seizure caring for recipients with vicious mental seizure in Maricopa County. The RFP will approaching address management services for the race now served in Maricopa County by Magellan underneath the stream stipulate which is set to end on Sep 30, 2013.
“This corner try growth agreement is an additional vicious step as we go on to renovate the management of behavioral seizure in Maricopa County and nationally,” pronounced René Lerer, M.D., Magellan’s authority and arch senior manager officer. “Since we began our partnership with the state of Arizona in 2007, we have focused on a complement that embraces the precepts of resiliency and liberation and ensuring individual preference in all that we do. This has proven to be really successful in Maricopa County and is famous as a inhabitant indication for what other states can do. Our prophesy is anticipating brand brand new solutions to improved serve people with SMI by integrating the management of behavioral and earthy seizure care. That’s because in 2011 we launched innovative integrated seizure home commander programs to collect information and benefit knowledge to beam our destiny plans. Now, operative with Phoenix Health Plan and the affiliates, we will be able to significantly raise the corner management, coordination and formation of caring for the populations we serve. This continues our joining to creation as we now yield behavioral seizure services to we estimate ten percent of the U.S. population.”
“Vanguard Health Systems’ goal and role is to assistance people grasp Health for Life, and this agreement with Magellan provides us the event to go on delivering on this guarantee in the state of Arizona,” remarkable Charles N. Martin, Jr., authority and arch senior manager military military military military officer of Vanguard Health Systems. “Serious mental seizure is a poignant open seizure concern, and we extol the state for deliberation this holistic indication of caring for the race in Maricopa County. We demeanour brazen to expanding our use to a single of our many vicious communities.”
“This will be an sparkling corner craving that will assistance us to go on to make a suggestive disproportion in the lives of the people we serve in the internal community,” pronounced Richard T. Clarke, Ph.D., arch senior manager military military military military officer of Magellan Health Services of Arizona. “The concentration of the corner try will be to encounter the plea of mending hold up outlook for people challenged with vicious mental illness. It’s a inhabitant tragedy that people with SMI served by the open mental seizure complement die, on average, twenty-five years progressing than the ubiquitous race mostly due to treatable conditions. In Arizona, it’s closer to twenty-seven years earlier. That’s because this corner try is so important. Phoenix Health Plan has low healing management imagination and is a strong, reputable internal presence. Bringing the strengths together with our behavioral seizure management knowledge will assistance us expostulate improved outcomes.”
Nancy Novick, arch senior manager military military military military officer of Phoenix Health Plan, added, “We have a longstanding attribute with the state of Arizona with we estimate 204,000 lives managed through our seizure plan. Our vigilant is to precedence this knowledge in multiple with Magellan’s behavioral seizure services. We’re assured this multiple can encounter the vicious need the state of Arizona will address in the RFP.”
The corner try will be structured with Magellan Health Services of Arizona owning 80 percent of the entity and Phoenix Health Plan owning the other twenty percent. There is no declaration that the state of Arizona will emanate an RFP or that Magellan of Arizona will in conclusion be the successful bidder.
About Magellan Health Services: Headquartered in Avon, Conn., Magellan Health Services, Inc. is a heading featured item seizure caring management classification with imagination in handling behavioral health, radiology and featured item pharmaceuticals, as well as open zone pharmacy benefits programs. Magellan delivers innovative solutions to urge peculiarity outcomes and optimize the price of caring for those we serve. As of Sep thirty 2011, Magellan’s commercial operation enclosed seizure plans, employers and supervision agencies, portion we estimate 31.2 million members in our behavioral seizure business, 16.3 million members in our radiology benefits management segment, and 5.5 million members in our healing pharmacy management product. In addition, the featured item curative shred served 41 seizure skeleton and multiform curative manufacturers and state Medicaid programs. The company’s Medicaid Administration shred served twenty-five states and the District of Columbia. For more information, visit www.MagellanHealth.com.
About Vanguard Health Systems: Based in Nashville, Tenn., Vanguard Health Systems owns and operates twenty-eight strident caring and featured item hospitals and interrelated comforts and services in civil Chicago, Illinois; civil Phoenix, Arizona; civil Detroit, Michigan; San Antonio, Texas; Harlingen and Brownsville, Texas; and Worcester and civil Boston, Massachusetts. Vanguard Health Systems’ plan is to rise locally branded, extensive healthcare smoothness networks in civic markets. For more information, visit www.vanguardhealth.com.
Cautionary Statement
This recover contains forward-looking statements inside of the definition of the Securities Exchange Act of 1934 and the Securities Act of 1933, as amended, which engage a number of risks and uncertainties. All statements, other than statements of chronological information supposing herein, may be deemed to be forward-looking statements including, though limitation, statements per the corner try growth agreement and the ensuing corner venture, the approaching RFP for Maricopa County, and the commercial operation and management outcomes of the corner venture. These statements are based on the analysis, judgment, idea and expectancy of the management of Magellan and Vanguard Health Systems usually as of the date hereof, and are theme to doubt and changes in circumstances. Without tying the foregoing, the difference “believes,” “anticipates,” “plans,” “expects,” “may,” “should,” “could,” “estimate,” “intend” and other identical expressions are dictated to brand forward-looking statements. Actual formula could talk about materially from destiny formula voiced or pragmatic by such forward-looking statements due to, between other things, changes in, or delays in the distribution of, the RFP; the capability of the corner try to be awarded the stipulate to manage integrated behavioral and earthy seizure caring in Maricopa County, Arizona; larger than approaching costs in tie with the corner venture; the stroke of brand brand new or nice laws or regulations; bureaucratic inquiries; litigation; competition; operational issues; and ubiquitous commercial operation conditions. Additional factors that could means tangible formula to talk about materially from those reflected in the forward-looking statements include, though are not singular to, the risks discussed in the “Risk Factors” territory enclosed inside of Magellan’s Annual Report on Form 10-K for the year finished Dec 31, 2010, filed with the Securities and Exchange Commission on Feb 25, 2011, Magellan’s Quarterly Report on Form 10-Q for the entertain finished Sep 30, 2011, filed with the Securities and Exchange Commission on Oct 27, 2011, and Vanguard Health Systems’ Annual Report on Form 10-K for the year finished Jun 30, 2011, filed with the Securities and Exchange Commission on Aug 25, 2011. Readers are cautioned not to place unjustified faith on these forward-looking statements. Neither Magellan nor Vanguard Health Systems undertakes any requisite to refurbish these forward-looking statements to simulate events or resources that movement after the date of this release.
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Source: health – Yahoo! News Search Results