The Management Group acquired by Ariz.-based health care management firm

Madison-based The Management Group (TMG), which specializes in community-based long-term care and managed care, is being acquired by Magellan Health, a Scottsdale, Ariz.-based health care management company.

Magellan Health plans to leverage TMG’s 30 years of expertise in community-based long-term services and supports as it seeks to expand its footprint in managed long-term services and supports (MLTSS).

As part of the acquisition agreement, TMG owners Peter Tropman and Virginia Graves will provide consultation to Magellan on government relations, MLTSS policy development and implementation, and thought leadership, and chair the company’s newly created MLTSS National Advisory Board. This group will include other MLTSS leaders and assist Magellan as it seeks to design and implement MLTSS programs elsewhere across the country.

TMG currently supports nearly 13,000 individuals in Wisconsin through the state’s Include, Respect I Self-Direct (IRIS) program, which serves adults with physical disabilities, adults with developmental disabilities and frail elders with a special focus on self-directed long-term services.