Magellan Health Services to Present at Goldman Sachs Twenty-Ninth Annual Global Healthcare...

Magellan Health Services to Present at Goldman Sachs Twenty-Ninth Annual Global Healthcare Conference

AVON, Conn.--(Business Wire)--
Magellan Health Services, Inc. (Nasdaq:MGLN) announced today that
Rene Lerer, M.D., president and chief executive officer of the
Company, will present at the Goldman Sachs Twenty-Ninth Annual Global
Healthcare Conference on Tuesday, June 10, 2008. Lerer is expected to
provide a general overview of the Company and discuss its business
strategy and outlook.

Magellan's presentation is scheduled to begin at 2:00 p.m. Eastern
(11:00 a.m. Pacific) on Tuesday, June 10, 2008. Investors and the
public are invited to access the conference audio and presentation
materials via a live Webcast available through Magellan's investor
relations page at www.MagellanHealth.com. Those who plan to access the
Webcast should log on to the Web site approximately 15 minutes before
the scheduled start time to register and download and install any
necessary software. The conference audio and presentation materials
will be available for one week following the presentation.

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,
2007, and its Form 10-Q for the period ended March 31, 2008, filed
with the Securities and Exchange Commission, 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.

Cautionary Statement: Certain of the statements made in the
presentation may constitute forward-looking statements contemplated
under the Securities Exchange Act of 1934 and the Securities Act of
1933, as amended, that involve a number of risks and uncertainties.
These forward-looking statements are based on management's analysis,
judgment, belief and expectations as of the date of such statements
and are subject to known and unknown uncertainties and risks which
could cause actual results to differ materially from those
contemplated or implied by such forward-looking statements. Any
forward-looking statements made in the presentation are qualified in
their entirety by the more complete discussion of risks set forth in
the section entitled "Risk Factors" in Magellan's most recent Annual
Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q,
filed with the Securities and Exchange Commission. Magellan undertakes
no obligation to publicly revise such forward looking statements to
reflect events or circumstances that arise after the date of such
statements.

Magellan Health Services, Inc.
Investor Contact: Melissa Rose, 877-645-6464
Media Contact: Erin Somers, 410-953-2405

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