UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
December 28, 2012
MAGELLAN HEALTH SERVICES, INC.
(Exact Name of Registrant as Specified in Charter)
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DELAWARE |
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1-6639 |
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58-1076937 |
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(State or Other Jurisdiction |
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(Commission File |
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(IRS Employer |
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of Incorporation) |
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Number) |
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Identification No.) |
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55 NOD ROAD |
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AVON, CONNECTICUT |
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06001 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (860) 507-1900
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Matters
Magellan Health Services, Inc. (the “Company”) currently provides behavioral health management services to a commercial health plan customer pursuant to a contract with a term ending December 31, 2013. The Company’s revenue pursuant to such contract for the nine months ended September 30, 2012 was approximately $144.5 million. The customer has informed the Company that, after a competitive evaluation process, it has decided not to renew its contract with the Company and to contract with another behavioral health management vendor. Since the contract expires on December 31, 2013, the notice by this customer that it will not renew the contract will have no effect on the Company's previously issued guidance for 2013.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MAGELLAN HEALTH SERVICES, INC.
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Date: December 31, 2012 |
By: |
/s/ Jonathan N. Rubin | |
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Name: |
Jonathan N. Rubin |
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Title: |
Executive Vice President and Chief Financial Officer |