Magellan Health announces Ken Fasola as incoming CEO

– USA, AZ –  Magellan Health, Inc. (NASDAQ: MGLN) today announced that the Board of Directors has appointed Kenneth J. Fasola as CEO, effective November 14, 2019.

“I am pleased that we have been able to attract someone with Ken’s breadth of healthcare experience in commercial and government-sponsored health plans and proven leadership track record,” said Steven J. Shulman, chairman of the board, Magellan Health. “I look forward to working closely with him and Magellan’s executive leadership team to continue the growth of our portfolio of businesses, Magellan Complete Care, Magellan Behavioral and Specialty Health, and Magellan Rx Management.”

Fasola will succeed the current CEO Barry M. Smith, who will remain to assist with the transition as needed.

“It has been a privilege and honor to serve as CEO of Magellan Health for the past six years,” said Barry M. Smith. “I wish Ken and the Magellan team well as they continue to address the most complex areas of health on behalf of customers and members.”

About Ken Fasola

Fasola will join Magellan Health after a successful leadership career spanning three decades in the healthcare industry. Most recently, he served as president and chief executive officer of HealthMarkets, Inc., one of the largest health insurance agencies in the U.S., which was acquired earlier this year by UnitedHealth Group. Prior to joining HealthMarkets, Fasola was responsible for Humana’s individual major medical, specialty and supplemental insurance operations. Prior to that, he was CEO for Secure Horizons, a division of UnitedHealth Group and one of the nation’s largest Medicare Advantage insurer. Additionally, he served as chief executive officer of UnitedHealth Care’s Central region and as National Sales Officer and President of UnitedHealth Care lines of business.

“I am deeply honored to be named CEO and join the tremendous team at Magellan Health during such a dynamic time in the healthcare industry,” said Fasola. “Over the coming months, I plan to dedicate time with key stakeholders, the Board of Directors and Magellan’s executive leadership team to refine our strategy and lead this company into the next phase of growth.”

Fasola holds a Bachelor of Science in Health Planning and Administration from Pennsylvania State University.

About Magellan Health

 Magellan Health, Inc., a Fortune 500 company, is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan’s customers include health plans and other managed care organizations, employers, labor unions, various military, and governmental agencies and third-party administrators.

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