Magellan Behavioral Health Enters $70M Contract With US Department of Interior

Magellan Health Services Inc.

announced today that its subsidiary, Magellan Behavioral Health Inc., has entered into a contract with the U.S. Department of the Interior on behalf of the U.S. Department of Defense (DoD) to serve as one of the vendors to administer the Military & Family Life Counseling (MFLC) program, which provides counseling for adults and children in the military community. The contract began on August 15, 2012, and includes a one-year base contract, with the DoD option to renew for four additional one-year terms. Magellan anticipates annual revenues of approximately $70 million once the contract is fully implemented.