Evolent Health Acquires NIA (Magellan Specialty Health) from Centene
November 17, 2022
Evolent Health has entered into a definitive agreement to acquire NIA (also known as Magellan Specialty Health), the specialty benefit management business owned by Centene. The deal provides $650 million in upfront consideration plus up to $150 million of contingent consideration; Evolent expects revenue and EBITDA synergies and to fully integrate NIA into its value-based specialty care platform.
- Buyers
- Evolent Health
- Targets
- NIA (Magellan Specialty Health)
- Sellers
- Centene Corporation
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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