Weil Reps Magellan Health In $205M Consultancy Acquisition

Law360, Washington (April 1, 2014, 1:13 PM EDT) -- Magellan Health Services Inc. announced on Tuesday that it has agreed to acquire the clinical consultant company CDMI LLC for $205 million in cash and stock, plus contingency payments, saying the deal is expected to close in the second quarter of the 2014 fiscal year.

Magellan said the acquisition will allow it to offer clinical programs and outreach services to help patients manage chronic conditions, such as asthma and diabetes. 

“CDMI’s customer-first culture and focus is a great match with our own, and this organization and...
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