News Releases

AVON, Conn.--(BUSINESS WIRE)--July 17, 2008--Magellan Health Services, Inc. (Nasdaq:MGLN) today announced that it will release second quarter 2008 earnings results on Thursday, July 31, 2008. 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 10:30 a.m. Eastern time.

The press release detailing the Company's second quarter 2008 earnings results will be issued at approximately 6:30 a.m. Eastern time on Thursday, July 31, and will be immediately available on the investor relations page at www.MagellanHealth.com.

To participate in the conference call, interested parties should call 1-888-566-8408 and reference the passcode Second Quarter Earnings 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 800-934-9727 and 402-220-0194 (from outside the U.S.).

Those who plan to access the call or Webcast are encouraged to read Magellan's Annual Report on Form 10-K for the year ended December 31, 2007, filed with the Securities and Exchange Commission on February 29, 2008, 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.
Investor Contact:
Melissa Rose, 877-645-6464
or
Media Contact:
Erin Somers, 410-953-2405

SOURCE: Magellan Health Services, Inc.