UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

May 29, 2007

 

MAGELLAN HEALTH SERVICES, INC.

(Exact Name of Registrant as Specified in Charter)

 

DELAWARE

 

1-6639

 

58-1076937

(State or Other Jurisdiction

 

(Commission File

 

(IRS Employer

of Incorporation)

 

Number)

 

Identification No.)

 

55 NOD ROAD

 

 

AVON, CONNECTICUT

 

06001

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (860) 507-1900

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o               Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o               Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o               Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o               Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



ITEM 8.01 OTHER EVENTS

On May 30, 2007, Magellan Health Services, Inc. (the “Company”), announced that it has entered into a definitive three-year agreement with CIGNA HealthCare (“CIGNA”) to manage radiology benefits in four additional regions for approximately 900,000 CIGNA members.  These four markets are expected to be implemented in late 2007 or early 2008.  The Company also said that implementation of its previously announced contract will begin on June 1 for six of the 11 markets covered under such contract.

Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release dated May 30, 2007.

Item 9.01 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a)                                  Financial Statements of business acquired:              Not applicable.

(b)                                 Pro forma financial information:                  Not applicable.

(d)                                 Exhibits:

Exhibit Number

 

Description

99.1

 

Registrant’s press release dated May 30, 2007

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MAGELLAN HEALTH SERVICES, INC.

 

Date: May 30, 2007

 

 

 

By:

 

/s/ Mark S. Demilio

 

 

 

 

 

 

Name:

 

Mark S. Demilio

 

 

 

 

 

 

Title:

 

Executive Vice President and Chief Financial Officer

 

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