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Magellan Health acquires majority interest in Phoenix-based integrated care company Jim Poulin/Phoenix Business Journal Justin Bayless Posted at 9:02 AM, Dec 23, 2020 and last updated 2020-12-23 11:02:30-05 Scottsdale managed care giant Magellan Health Inc. has acquired a 70% interest in Phoenix-based Bayless Integrated Healthcare, the company announced on Tuesday. The acquisition of Bayless, which closed Monday, will allow Magellan (NASDAQ: MGLN) to expand as a provider of integrated primary care and behavioral health across the country, according to the announcement. The financial terms of the agreement weren t immediately available. Justin Bayless will remain CEO of Bayless in the deal. In the remaining 30% interest, Bayless is the majority owner of the health care company his father founded in 1982 along with three other minority shareholders.

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