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Scottsdale-based Magellan Health ranked among Fortune’s most admired companies

(Flickr/Army Medicine)

PHOENIX — Magellan Health, a Scottsdale-based health care company, was recently ranked among Fortune Magazine’s World’s Most Admired Companies.

While the company was not ranked among the top 50, Magellan Health also rose through the ranks in the health care industry. Magellan Health was ranked No. 5 in the industry, up from No. 8 in the previous ranking.

In a press release, Chairman and CEO Barry Smith called the recognition an “honor [that] is a testament to our approximately 9,700 dedicated associates who serve our members and customers with passion, and come to work each day focused on leading humanity to healthy, vibrant lives.”

“I am honored that peers across our industry have recognized Magellan Health as a respected and reputable company – something we strive toward daily,” the press release read.