Magellan Health Services Announces Second Quarter 2009 Earnings Release Date and Conference Call

AVON, Conn.--(Business Wire)--
Magellan Health Services, Inc. (Nasdaq:MGLN) today announced that it will
release second quarter 2009 earnings results on Friday, July 31, 2009.
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 10:00 a.m.
Eastern time.

The press release detailing the Company`s second quarter 2009 earnings results
will be issued at approximately 6:30 a.m. Eastern time on Friday, 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
1-888-566-8408and 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. Interested parties should call 800-274-8005 or 402-220-9722 (from
outside the U.S.) 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, 2008, filed with the
Securities and Exchange Commission on February 27, 2009, and Magellan`s Form
10-Q for the quarter ended March 31, 2009, filed with the Securities and
Exchange Commission on April 30, 2009, 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.

Magellan Health Services, Inc.
Investor Contact:
Renie Shapiro, 877-645-6464
or
Media Contact:
Erin Somers, 410-953-2405

Copyright Business Wire 2009