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  "documentTitle": "Magellan Health, Inc. (MGLN)",
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  "authorName": "Peter A. Feld",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-02-22 00:00:00",
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  "nDataPoints": 42,
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      "text": "This consistent share price underperformance is the result of relentless execution issues.",
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      "text": "Magellan Share Price Performance chart showing MGLN vs S&P 500 and S&P 500 Managed Care Index from Jan-18 to Jan-19 with annotated events.",
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      "text": "Total Shareholder Return: (39.5%)",
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      "text": "This consistent share price underperformance is the result of relentless execution issues. Over the past year, key legacy contract losses, poor onboarding of significant yet unprofitable new business, and haphazard execution within the Company’s pharmacy benefit management (“PBM”) business have resulted in frequent and severe reductions in earnings guidance.",
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      "kind": "paragraph",
      "text": "Rather than focus on improving profitability in its core healthcare business, Magellan embarked on an aggressive acquisition strategy beginning in 2013, deploying over $1 billion in acquisitions in the subsequent five years. Unfortunately, this strategy has increased the Company’s leverage",
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      "text": "Total Shareholder Return table comparing MGLN to S&P 500, Managed Care Index, and 2018 Proxy Peer Group over 1, 3, 5, and 10 years.",
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      "text": "Magellan Share Price Underperformance",
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