Exclusive: Magellan Health nears settlement with hedge fund Starboard Value - sources

By Jessica DiNapoli and Svea Herbst-Bayliss

NEW YORK/BOSTON (Reuters) - U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc. is nearing a settlement with Starboard Value LP to expand its board of directors by several seats, including with a Starboard representative, three sources familiar with the matter said on Thursday.

Magellan did not respond to a request for comment. Starboard declined to comment.

(Reporting by Jessica DiNapoli and Svea Herbst-Bayliss in New York; editing by Grant McCool)