News Releases

AVON, Conn.--(BUSINESS WIRE)--July 19, 2007--Magellan Health Services, Inc. (Nasdaq:MGLN) today announced that it will release second quarter 2007 earnings results on Friday, July 27, 2007. Management will discuss the Company's financial results as well as its business strategy and outlook in a conference call to be held the same day at 9:30 a.m. Eastern time.

The press release detailing the Company's second quarter 2007 earnings results will be issued at approximately 6:30 a.m. Eastern time on Friday, July 27, and will be immediately available on the investor relations page at www.MagellanHealth.com.

To participate in the conference call, interested parties should call 1-888-390-4698 and reference the passcode Second Quarter Earnings and conference leader Steve Shulman approximately 15 minutes before the start of the call. The conference call also will be available via a live Webcast at Magellan's investor relations page at www.MagellanHealth.com.

A taped replay of the conference call will be available for one week following the call. The call-in numbers for the replay are 888-482-2247 and 402-998-1368 (from outside the U.S.).

Those who plan to access the Webcast are encouraged to read Magellan's Annual Report on Form 10-K for the year ended December 31, 2006, filed with the Securities and Exchange Commission on February 28, 2007, for material information regarding Magellan's operational and financial results, including the section entitled "Risk Factors."

About Magellan: Headquartered in Avon, Conn., Magellan Health Services, Inc. (Nasdaq:MGLN) is a leading specialty health care management organization. Its customers include health plans, corporations and government agencies.

CONTACT: Magellan Health Services, Inc.
Investors:
Melissa Rose, 877-645-6464
or
Media:
Erin Somers, 410-953-2405

SOURCE: Magellan Health Services, Inc.