SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549Current Report • June 9th, 2019
Contract Type FiledJune 9th, 2019On March 3, 1998, Magellan Health Services, Inc. (together with its consolidated subsidiaries hereinafter referred to collectively as the "Company") entered into an Equity Purchase Agreement, pursuant to which it agreed to sell to Crescent Operating, Inc. ("COI") the Company's common and preferred equity interest in Charter Behavioral Health System, LLC ("CBHS"). In addition, the Company and certain of its wholly-owned subsidiaries entered into a Purchase Agreement, pursuant to which the Company and such subsidiaries agreed to sell to CBHS: (i) Charter Advantage LLC, ("Charter Advantage"), the entity that conducts the Company's franchising operations; (ii) Charter System, LLC, which owns the intellectual property comprising the "CHARTER" system of behavioral healthcare;