Concentra Group Holdings Parent, Inc. - CON STOCK NEWS

Concentra (NYSE: CON), the leading occupational medicine provider in the US, has opened a new medical center in Orlando, Florida. Located at 6708 Grand National Drive, Concentra Orlando West will offer a range of services including work injury care, physical therapy, drug testing, DOT physical exams, and pre-placement exams. The center will also provide telemedicine for minor work injuries through Concentra Telemed®.

This expansion strengthens Concentra's presence in Florida and helps meet the growing demand for occupational health services in the region. With nearly 550 locations nationwide, Concentra continues to expand its network to provide convenient, quality medical care for employers and employees. The company's senior vice president of medical operations, Janet Cobb, MD, expressed excitement about growing Concentra's footprint in Orlando and offering another access point for care to local employers.

Concentra Group Holdings Parent, Inc. (NYSE: CON) has announced it will release its third quarter 2024 financial results on Thursday, October 31, 2024, after market close. The company will host a conference call to discuss these results on Friday, November 1, 2024, at 10:30 a.m. Eastern Time.

Investors and interested parties can access the live webcast of the conference call through the Earnings Call Webcast Link or via Concentra's investor relations website at https://ir.concentra.com. A replay of the webcast will be available shortly after the call at the same locations.

For those who prefer an audio-only version or wish to participate in the question-and-answer session, dial-in options are available:

• Toll Free: 888-506-0062
• International: 973-528-0011

Participants should ask to join the Concentra call when dialing in.

Concentra (NYSE: CON), the leading occupational medicine provider in the US, has expanded its services to Chattanooga, Tennessee. The new medical center, Concentra Chattanooga Airport, is located at 6413 Lee Highway, Suite 107. This expansion strengthens Concentra's presence in Tennessee and allows the company to meet the growing demand for occupational health services in the region.

The new center will offer a range of services including work injury care, physical therapy, drug testing, DOT physical exams, and pre-placement exams. Telemedicine for minor work injuries will also be available through Concentra Telemed®. With this addition, Concentra now operates 547 occupational health centers in 41 states and 154 onsite health clinics at employer worksites in 37 states, serving over 50,000 patients daily.

Concentra (NYSE: CON), the leading occupational medicine provider, has expanded its Onsite Health division to include advanced primary care. This move aims to help employers lower healthcare costs, improve medical outcomes, and streamline access to care. The new offering provides 'whole person care' through a multidisciplinary team, fostering a culture of health and wellness in the workplace.

Key points:

• Concentra is leveraging years of experience in care coordination
• Implementation of Epic electronic health record (EHR) to enhance care quality
• Focus on developing impactful patient relationships
• Aim to make a significant impact on the industry and patients' lives

This expansion marks a new era in employer-sponsored health and wellness services, positioning Concentra to address the health and wellness gap in the workplace effectively.

Concentra Group Holdings Parent, Inc. (NYSE: CON) announced its Q2 2024 results, highlighting a 2.3% revenue increase to $477.9 million. The company reported a slight decrease in net income to $53.1 million and a 1.2% increase in Adjusted EBITDA to $101.6 million. Earnings per share decreased by 2.0% to $0.50.

Key highlights include:

• Patient visits decreased by 1.6% from Q2 2023
• Revenue per visit increased by 3.9% to $139.81
• Total occupational health centers increased to 547
• Onsite health clinics expanded to 154

Concentra completed its IPO on July 26, 2024, offering 22,500,000 shares at $23.50 per share. The company also entered into new financing arrangements, including Credit Facilities and $650.0 million in Senior Notes.

Select Medical Holdings (NYSE: SEM) announced the pricing of its subsidiary Concentra Group Holdings Parent, Inc.'s (NYSE: CON) initial public offering (IPO). Concentra is offering 22,500,000 shares at $23.50 per share, with an option for underwriters to purchase an additional 3,375,000 shares. Trading is expected to begin on July 25, 2024, under the symbol 'CON'. After the IPO, Select Medical will retain 82.23% ownership of Concentra (80.09% if the over-allotment option is fully exercised).

Concentra is the largest provider of occupational health services in the U.S., operating 547 occupational health centers in 41 states and 154 onsite health clinics at employer worksites in 37 states as of June 30, 2024. The company serves over 50,000 patients daily, offering occupational and consumer health services.