Magellan Health may be a good choice if you’re looking for a health clinic. The company has been in the business for over ten years. Their knowledgeable employees have licensed healthcare professionals who can help you navigate the healthcare system and get the needed services. The company also offers a comprehensive network of medical professionals to address various health concerns.
Magellan’s pay dropped in half.
The complaints against Magellan are not new. The company has faced criticism for poor performance, including failure to provide its employees with a directory of therapists. Magellan has also been accused of fraud and of using hidden incentives to limit the care of its employees. The company denies the charges.
The company is now facing two significant headwinds simultaneously, which is a bad combination. First, it has been unable to achieve its long-term distribution coverage targets. Second, it has cut back on expansion spending in recent years. As a result, the company has limited growth CAPEX and is currently sitting at about $400 million, which is less than half its long-term limit of 4.0x.
The second problem was that Magellan’s fleet was expensive, years behind schedule, and riven with rivalries. Magellan was also seen as a traitor to his native Portugal, which made him controversial. He was also known for doing whatever he wanted when at sea. He even garroted the cabin boy who bugged him.
Another issue with Magellan is the company’s exposure to U.S. shale oil. The company had made pipeline commitments with shale oil producers before the oil price crash. These pipeline commitments could be at risk if oil prices continue to fall. Magellan also disclosed that long-term take-or-pay agreements generally secured its oil pipeline assets. In other words, investors are concerned that the company has excessive exposure to U.S. shaling oil and may not be able to fulfill its commitments. If these commitments fall, the company may suffer as a result.
Nepotism in Magellan’s culture
The first voyage of Ferdinand Magellan around the world set sail from Sanlucar de Barrameda in Cadiz, Spain. This was a large expedition with many members of different nationalities. Its goal was to find spices in the Maluku Islands.