Magellan Health Services Inc. (MGLN: Quote) announced 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.
Click here to receive FREE breaking news email alerts for Magellan Health Services Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org