NIA Magellan Broadens Capabilities to Include Management of Chiropractic Care, Physical Therapy, Occupational Therapy and Speech Therapy

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Magellan Health, Inc. (NASDAQ: MGLN) today announced that NIA Magellan,

which offers a suite of specialty solutions to address many complex

areas of healthcare, plans to broaden its capabilities to include

management of chiropractic care, physical therapy, occupational therapy

and speech therapy.

Each year, more than half of Americans over the age of 18 develop a

musculoskeletal injury that lasts longer than three months. With more

than 36 million Americans receiving chiropractic care services, and

physical therapy projected to grow at five percent annually, adding

these capabilities to its broad product spectrum will enable NIA

Magellan to address growing health care costs on behalf of customers.

"These new capabilities are a natural extension of our focus on

musculoskeletal management, and will provide our customers with the

highest level of care management on behalf of their members," said Tina

M. Blasi, chief executive officer of NIA Magellan. "Providing

appropriate, high-quality chiropractic care, as well as physical,

occupational or speech therapy, can help improve outcomes and reduce

costs. We're excited about expanding to include physical medicine as

part of a comprehensive musculoskeletal solution. We can now offer

physical medicine as a standalone solution, or as part of our

comprehensive Musculoskeletal Program."

NIA Magellan's expanded capabilities in this area are the result of a

planned acquisition of HSM Physical Health, Inc. ("HSM"), a

privately-held specialty cost containment and utilization management

company focused on physical and musculoskeletal health specialties. HSM

has rigorous clinical and cost-management programs -- including a

national provider network, evidence-based clinical guidelines, advanced

analytics and administrative best practices - to provide quality,

cost-effective care. Additionally, HSM has an experienced leadership

team that will continue to oversee the day-to-day operations of HSM

going forward, in concert with the NIA Magellan team. HSM was founded in

1985 and serves more than 3 million members across 23 states. Magellan

has entered into a definitive agreement to acquire all of the

outstanding shares of stock of HSM. The closing is anticipated to be

completed within the next few weeks.



"HSM sees a strong business and cultural fit with NIA Magellan," said

David Olsen, President and CEO of HSM. "This acquisition affords HSM the

ability to access NIA Magellan's deep bench of clinical and analytics

expertise and a strong balance sheet to enhance our service capabilities

and broaden the portfolio of cost management products available to the

marketplace."



NIA Magellan's suite of specialty solutions includes comprehensive

musculoskeletal management, as well as programs that manage diagnostic

imaging services, the evaluation and therapy associated with cardiology

services, radiation oncology, obstetrical ultrasound, sleep management

and genetic testing.



About Magellan Health: Headquartered in Scottsdale, Ariz., Magellan

Health, Inc. is a healthcare management company that focuses on

fast-growing, complex and high-cost areas of healthcare, with an

emphasis on special population management. Magellan delivers innovative

solutions to improve quality outcomes and optimize the cost of care for

those we serve. Magellan's customers include health plans, managed care

organizations, insurance companies, employers, labor unions, various

military and government agencies, third party administrators,

consultants and brokers. For more information, visit MagellanHealth.com.



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