Magellan Provider Agreement

This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Securities Act of 1933, as amended, which involve a number of risks and uncertainties. All statements, with the exception of statements of historical information contained in them, may be considered forward-looking statements, including, but not limited to, statements about the joint venture development agreement and the resulting joint venture, the expected PSR for Maricopa County and the business and management results of the joint venture. These statements are based on the analysis, judgment, faith and expectation of the management of Magellan and Vanguard Health Systems only from the date of this development and are subject to uncertainties and changes in circumstances. Without limiting the above, the words “believe,” “expected,” “expected,” “expected,” “could,” “could,” “estimate,” “intention” and identify other similar expressions in the future. Actual results may differ materially from future results expressed or implied by such forward-looking statements, including changes or delays in the issuance of the operating program; The joint venture`s ability to secure a mandate to manage integrated health care and health care in Maricopa County, Arizona; Higher-than-expected costs associated with the joint venture; The effects of new or amended laws or regulations; Government investigations; Litigation Competition Operational issues and terms and conditions. Other factors that could cause actual results to differ materially from the results presented in the forward-looking statements include the risks outlined in the “Risk Factors” section of Magellan`s Annual Report on Form 10-K for the quarter of 2010, which ended September 31, 2010 and submitted to the Securities and Exchange Commission on February 25, 2011. , 2011, submitted to the Securities and Exchange Commission on October 27, 2011, and Vanguard Health Systems` Annual Report on Form 10-K for the year ended June 30, 2011, submitted to the Securities and Exchange Commission on August 25, 2011. Neither Magellan nor Vanguard Health Systems undertakes to update these forward-looking statements to reflect events or circumstances that occur after the date of this publication. “The mission and purpose of Vanguard Health Systems is to help people achieve health for life, and this agreement with Magellan gives us the opportunity to continue to deliver on that promise in the state of Arizona,” said Charles N.