NU Online News Service, Aug. 2, 3:02 p.m. – Magellan Health Services Inc., Columbia, Md., is reporting $6.6 million in net income for the second quarter on $433 million in revenue, up from $5 million in net income on $419 million in revenue for the second quarter of 2000.
Operating income from continuing operations, which excludes $4 million in refinancing charges and $3.2 million in income from units that are being sold or shut down, increased to $7.4 million, from $3.7 million.
Magellan manages mental health care and substance abuse treatment for 70 million people — one-quarter of all U.S. residents.
