News Headlines Article

Magellan Health Services Reports Fourth Quarter and Full Year 2010 Financial Results
American Chronicle

Magellan Health Services, Inc. (NASDAQ: MGLN) today reported financial results for the fourth quarter and full year 2010, as summarized below. The company also announced that its Board of Directors, which had approved a share repurchase program of up to $350 million for the purchase of outstanding common stock last July, has increased the program by an additional $100 million. For the year ended December 31, 2010, the Company reported net revenue of $2,969.2 million, segment profit of $291.1 million, and net income of $138.7 million or $4.03 per diluted common share.