Tuesday, October 01, 2002

Magellan unable to refinance bank debt
Baltimore Sun story - "Magellan Health Services Inc. officials said yesterday that the company had not secured refinancing of its bank debt and warned that it would not have the funds if early repayment is demanded. They also said it might not have the funds to continue operating if that were to happen."  
  

Results mixed for county's care plans (Ohio)
Cincinnati Business Courier story - "Two experiments in managed care, costing $150 million, have proved hard lessons for Hamilton County's Department of Job and Family Services. Deals struck four and five years ago, respectively, with Creative Connections and Magellan Public Health Solutions were part of the county's plan to reduce costs while providing more coordinated care for more than 18,600 children and their families who are referred to the system. But those agreements are ending, causing people to question whether the expense is improving outcomes in mental health, abuse and addiction services."