Magellan Outdoors
On March 11, Magellan Health Services Inc.--a leading managed behavioral-health company that serves 67 million people and contracts with more than 48,000 providers--announced that it had filed for voluntary reorganization under Chapter 11 of the U.S. bankruptcy code. The company had accumulated a $1 billion debt. Through proposed restructuring plans, Magellan hopes to cut its debt roughly in half. And with support from its key creditors, the company hopes it will emerge from Chapter 11 by the end of the third quarter of this year.
Magellan Outdoors
Magellan Outdoors
Magellan Outdoors
Magellan Outdoors
Magellan Outdoors
Magellan Outdoors
Magellan Outdoors
Magellan Outdoors
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