First Health Services

First Health Services Corporation was a prominent provider of healthcare administrative and pharmacy benefit management (PBM) services, primarily serving state Medicaid programs. The company specialized in fiscal agent services, clinical program management, and the implementation of information technology solutions to streamline government healthcare operations. Known for its expertise in managing preferred drug lists and utilization reviews, First Health Services helped state agencies optimize their pharmaceutical expenditures and improve patient care. In 2005, the company was acquired by Magellan Health Services for approximately $410 million. Following the acquisition, it became a foundational component of Magellan's Medicaid administration business, eventually operating under the Magellan brand. The company played a critical role in the administration of public health benefits across numerous U.S. states.