Growth strategy – Now that the company has divested its life science business to focus on the burgeoning clinical-diagnostic market, the Magellan leadership team has launched a comprehensive review and action plan, taking a one-company approach to maximize efficiency, enhance quality, improve and streamline R&D, and build relationships with customers and strategic partners. Magellan’s three-pillar value-creation strategy includes:

• Improving productivity by sharing best practices and expertise across the company and through a lean, efficient operations platform
• Driving organic growth by accelerating investments in breakthrough development projects that build on Magellan’s track record of innovation and success in bringing products to market that make diagnostic testing easier, more cost-effective, and less labor-intensive
• Partnering with synergistic companies that share Magellan’s commitment to improving testing workflow for customers, and turbo-charging growth with a strong recurring revenue stream business model