Managed-care provider Magellan Health is in talks for a possible sale to private-equity firm Centerbridge Partners
Managed-care provider Magellan Health Inc. is in exclusive talks for a possible sale to private-equity firm Centerbridge Partners LP, according to people familiar with the matter.
Centerbridge is hashing out a deal with Scottsdale, Ariz.-based Magellan and could reach an agreement next month, the people said. There’s no guarantee there will be a deal for Magellan, which was valued at $1.6 billion Wednesday morning. Its shares closed Tuesday at $65.76.
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