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Member, Beacon International Group, Ltd.
Health care manager Magellan Health Inc. said Tuesday that it has acquired Arlington, Virginia-based behavioral health and specialty services provider Armed Forces Services Corp.
Terms of the deal was not disclosed.
AFSC provides services to various agencies of the federal government, including all five branches of the U.S. Armed Forces, and holds 60 contracts with the federal government, Scottsdale, Arizona-based Magellan said in a statement. It has 1,800 employees and subcontractors, with operations in all 50 states, three territories and eight countries, Magellan added.
“Coupling Magellan’s clinical expertise with AFSC’s extensive network within the military and other federal agencies, this acquisition will enable us to expand our behavioral health, wellness and integrated care offerings and services in this important area,” Sam K. Srivastava, CEO of Magellan Healthcare, said in the statement. “This acquisition also allows us to expand our work in suicide prevention and programs that assist in post-traumatic stress disorder to help members of the military and federal workers live healthier lives.”
Hub International Ltd. on Tuesday said it has acquired the assets of Tenth Dot Benefit Solutions L.L.C., which does business as Gateway Financial, an employee benefits agency affiliated with Gateway Financial Group Inc.