News Releases

AVON, Conn.--(BUSINESS WIRE)--

Magellan Health Services, Inc. (Nasdaq:MGLN) today announced that it will release third quarter 2008 earnings results on Friday, October 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 9:00 a.m. Eastern time.

The press release detailing the Company's third quarter 2008 earnings results will be issued at approximately 6:30 a.m. Eastern time on Friday, October 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 Third 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. Interested parties should call 800-294-6360 or 402-220-9790 (from outside the U.S.) and enter the passcode 2342 to listen.

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.

Source: Magellan Health Services, Inc.