Magellan Health Services Elects Barry M. Smith to Board Of Directors.
FARMINGTON, Conn. -- Magellan Health Services health services Managed care The benefits covered under a health contract , Inc. (Nasdaq:MGLN), the nation's leading manager of behavioral health care services, announced today that its Board of Directors has elected Barry M. Smith to the Board. Smith replaces Mark Hilson of Onex Corporation, who resigned earlier this week.
"We are very pleased to welcome Barry Smith to Magellan's Board of Directors," said Steven J. Shulman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the company. "Barry's extensive experience leading a variety of health care organizations will be an effective complement to the skills and expertise of our other directors and the management team. His thorough understanding of the health care industry, interest in mental health care and strong commitment to improving individuals' lives will serve Magellan and its stakeholders well."
Commenting on Hilson's resignation, Shulman added, "I thank Mark for his service to Magellan as a member of the Board and for his selfless cooperation with the Board's desire to add a member with extensive health care industry background. Onex has played an important role in our efforts to attract additional expertise to the Board and I appreciate their support."
Smith will fill Hilson's unexpired term as a Class 1 director of Magellan. Class 1 directors of the Company are elected by vote of the holders of the Company's Multi-Vote Common Stock, i.e., Onex Partners, an affiliate of Onex Corporation.
Smith is the founder, chairman and chief executive officer of Bon Travay, S.A., a charitable organization dedicated to health care and educational efforts in Third World countries. Prior to founding Bon Travay, he founded and served as chairman, president and CEO of Vista Care Services, a national provider of hospice services. Earlier in his career, Smith served as chairman and CEO of Value Rx, Inc., then one of the country's largest pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. companies, and, prior to that, served as vice president of operations for PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Health Systems, also a pharmacy benefit management firm.
Smith earned a bachelor's degree in finance from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. . He is a member of the board of the Institute of Mental Health Research, a public and private partnership sponsored by the University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service. , Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. , the State of Arizona and Barrows Neurological Institute. He also serves on the boards of the Ambassador's Council of Freedom From Hunger Established in 1946, Freedom from Hunger is recognized for fighting hunger with innovative self-help programs. An international development organization working in seventeen countries across the globe, Freedom from Hunger is a nonprofit, nongovernmental, nonsectarian organization , a leading worldwide micro-credit provider to poverty-stricken women in Third World countries, and VistaCare Foundation, an organization dedicated to advancing end of life care issues. Smith also serves on the board of directors of Inpatient Consultants, Inc., the nation's largest provider of hospitalist hos·pi·tal·ist
A physician, usually an internist, who specializes in the care of hospitalized patients.
hospitalist services delivering patient care in acute care hospitals.
About Magellan: Headquartered in Farmington, Conn., Magellan Health Services (Nasdaq:MGLN) is the country's leading managed behavioral health care organization. Its customers include health plans, corporations and government agencies.