Magellan Health Reports Financial Results for 2020

Magellan Health Reports Financial Results for 2020

PHOENIX– (BUSINESS WIRE) –Magellan Health, Inc. (NASDAQ: MGLN) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020, summarized below:

Three months endedTwelve months ended
the 31st of Decemberthe 31st of December
(In millions, except amounts per share)
Continuous operations

2020

2019

Chg

2020

2019

Chg

Net revenue

$

1,185.0

$

1,133.8

4.5

%

$

4,577.5

$

4,565.6

0.3

%

Net income (loss)

$

(24.7

)

$

9.5

NM

$

4.0

$

12.6

-67.9

%

Sector benefit [1]

$

11.3

$

55.9

-79.8

%

Source

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