Magellan Health Services Inc. (NASDAQ: MGLN) announced today 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.
“Magellan is honored to serve the Department of Defense, enhancing the well being of the brave men, women and families of our nation’s military community,” said René Lerer, M.D., chairman and CEO of Magellan. “The stresses of military life, particularly in times of war and conflict, are always a serious concern in the military community, and it’s never been more important for our armed forces and their families to have access to comprehensive life counseling support and tools to improve their quality of life.
“We are deeply committed to the health, well-being and success of veterans and their families, as evidenced by our work with programs such as the Illinois Warrior Assistance Program (IWAP) and the Defense Centers of Excellence for Psychological Health & Traumatic Brain Injury (DCoE), and Magellan’s founding of the Hero Health Hire veteran employment initiative. Building upon that mission, we look forward to delivering quality programs that address the unique needs of service members and their families so that they can continue to focus on what they do best – serving and defending our country.”
Created by the DoD in 2004, the MFLC program provides short-term, non-medical counseling services to active duty military, National Guard and Reserves members serving in the United States and abroad, as well as their family members. Per the contract, Magellan will administer services on a majority of continental United States bases. These services are intended to ensure readiness of the force, decrease distractions and enhance the quality of life for service members and their families by helping them address life challenges such as relocation adjustment, mobilization, deployment stress, separation and homesickness, grief and loss, isolation, reunion, anxiety and more.
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