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About Concentra Group Holdings Parent Inc. (NYSE: CON)
Concentra Group Holdings Parent Inc. is a leading provider of occupational and consumer health services in the United States, delivering comprehensive care solutions designed to enhance workforce health and productivity. With a mission to improve the health of America's workforce, Concentra operates through a vast network of over 500 occupational health centers, 150+ onsite clinics located at employer worksites, and its innovative telemedicine platform, Concentra Telemed. The company’s extensive reach spans across 45 states, enabling it to serve more than 50,000 patients daily on average.
Core Services and Business Model
Concentra’s core business revolves around providing a comprehensive suite of services tailored to meet the health and wellness needs of employers and employees. These services include:
- Workers' Compensation Injury Care: Specialized treatment for workplace injuries, ensuring timely recovery and compliance with regulatory requirements.
- Employer Services: Pre-employment physicals, drug testing, and other occupational health screenings to support workforce management and regulatory compliance.
- Urgent Care: Immediate medical attention for non-life-threatening conditions, available to both employees and the general public.
- Wellness and Preventative Care: Programs designed to promote long-term health and reduce healthcare costs for employers.
- Telemedicine: Virtual consultations through Concentra Telemed, providing convenient access to care for remote or time-sensitive cases.
The company generates revenue primarily through direct contracts with employers, workers' compensation claims, and fee-for-service urgent care visits. By integrating technology with its physical footprint, Concentra ensures seamless delivery of care across multiple channels, enhancing accessibility and efficiency.
Market Position and Competitive Landscape
As the largest provider of occupational health services in the U.S. by number of locations, Concentra holds a significant share of the corporate health and wellness market. This market is driven by increasing employer focus on reducing absenteeism, improving employee productivity, and complying with workplace safety regulations. Concentra’s scale and integrated service offerings provide a competitive advantage, allowing it to cater to a diverse range of industries and employer sizes.
Key competitors in the space include other occupational health providers, urgent care chains, and telemedicine platforms. Concentra differentiates itself through its expansive network, comprehensive service portfolio, and ability to deliver care both onsite and virtually. Its emphasis on preventative care and wellness also positions it as a forward-thinking player in the industry.
Challenges and Opportunities
While Concentra benefits from its scale and market leadership, it faces challenges such as evolving healthcare regulations, competition from emerging telehealth providers, and the operational complexities of managing a large network of locations. However, these challenges also present opportunities for innovation and growth. By leveraging advancements in telemedicine, expanding its onsite clinic offerings, and continuing to focus on preventative care, Concentra is well-positioned to adapt to changing market dynamics and maintain its leadership in occupational health.
Significance in the Healthcare Industry
Concentra plays a critical role in the U.S. healthcare ecosystem by bridging the gap between traditional medical care and workplace health needs. Its services not only help employers manage healthcare costs but also contribute to the overall well-being and productivity of the workforce. As the demand for integrated healthcare solutions grows, Concentra remains a key player in shaping the future of occupational health.
Concentra, the leading occupational medicine provider in the United States, has announced the opening of a new medical center in Katy, Texas. Located at 25805 Katy Freeway, the facility will offer comprehensive occupational health services including work injury care, physical therapy, drug testing, DOT physical exams, and pre-placement exams.
The expansion responds to long-standing customer demand in the Katy area and strengthens Concentra's presence in Texas. The facility will also provide telemedicine services for minor work injuries through Concentra Telemed.
As the largest occupational health services provider in the US, Concentra operates an extensive network of 620 locations nationwide, including 160 onsite health clinics at employer worksites. The company serves approximately 50,000 patients daily across 45 states, supported by 11,000 colleagues and affiliated medical professionals.
Concentra Group Holdings Parent (NYSE: CON) has scheduled the release of its fourth quarter and full year 2024 financial results for Monday, March 3, 2025, after market close. The company will host a conference call to discuss these results on Tuesday, March 4, 2025, at 9 a.m. Eastern Time.
The earnings call will be accessible via a live webcast through the company's website at ir.concentra.com. Participants can join through the webcast or dial in for the audio-only version and Q&A session using the toll-free number 888-506-0062 or international number 973-528-0011.
Concentra, the leading occupational medicine provider in the United States, has announced the opening of a new medical center in Waukegan, Illinois. Located at 3043A Belvidere Road, the facility will offer comprehensive occupational health services including:
- Work injury care
- Physical therapy
- Drug testing
- DOT physical exams
- Pre-placement exams
- Telemedicine services via Concentra Telemed®
This expansion strengthens Concentra's presence in Illinois as part of its network of over 620 locations nationwide. The company currently serves approximately 50,000 patients daily across 45 states through its occupational health centers, 160 onsite employer health clinics, and telemedicine platform.
Concentra, the leading occupational medicine provider in the US, has announced the acquisition of Physicians Health Center (PHC) and OM Management (OMM) assets in Miami, Florida. The deal includes five PHC locations that will be rebranded as Concentra facilities, serving the Miami Airport, Hialeah East, Florida City, South Miami, and Miami Gardens areas. The OMM corporate office will become a satellite office for Concentra's CMCA group.
The acquired locations will offer comprehensive services including work injury care, physical therapy, drug testing, DOT physical exams, pre-placement exams, and employer-related health services. Telemedicine services will be available through Concentra Telemed.
With this expansion, Concentra strengthens its network of 620 locations across 41 states and 160 onsite health clinics at employer worksites in 36 states. The company serves over 50,000 patients daily through its workforce of 11,000 colleagues and affiliated medical professionals.
Concentra (NYSE: CON), the largest U.S. occupational health services provider, reported strong Q4 and full-year 2024 results alongside the completion of Nova Medical Centers acquisition. Q4 2024 highlights include:
- Revenue increased 5.5% to $465.0M
- Net income of $22.8M with EPS of $0.17
- Adjusted EBITDA up 13.6% to $77.5M
- Patient visits at 2.99M (46,797 per day)
Full Year 2024 showed revenue growth of 3.4% to $1.9B, with net income of $171.9M and EPS of $1.46. The company maintained strong liquidity with $183.3M cash balance.
Nova Medical Centers Acquisition: Effective March 1, 2025, Concentra acquired Nova for $265M, adding 67 medical centers and expanding to over 770 total facilities. The deal was financed through new debt, credit facility, and cash.
2025 Outlook: Concentra projects revenue of approximately $2.1B and Adjusted EBITDA between $410M-$425M. The company declared a quarterly dividend of $0.0625 per share, payable April 1, 2025.
Concentra (NYSE: CON) has scheduled the release of its fourth quarter and full year 2024 financial results for Monday, March 3, 2025, after market close. The company will host a conference call to discuss these results on Tuesday, March 4, 2025, at 9 a.m. Eastern Time.
The conference call will be available as a live webcast through the company's website and a dedicated webcast link. An audio-only version and Q&A session will be accessible via toll-free (888-506-0062) and international (973-528-0011) dial-in numbers. A replay of the webcast will be made available shortly after the call.
Concentra (NYSE: CON) has released preliminary financial results for Q4 and full year 2024, announcing plans to acquire Nova Medical Centers for $265 million in Q1 2025. The acquisition will add 67 centers across five states, expanding Concentra's network to over 770 locations in 42 states.
Key Q4 2024 metrics include revenue of $465.0 million (+5.5% YoY), net income of $20.6-22.6 million (vs $28.9M in Q4 2023), and Adjusted EBITDA of $77.5 million (+13.6% YoY). Full-year 2024 showed revenue of $1,900.2 million (+3.4% YoY) and net income range of $169.7-171.7 million.
Looking ahead to 2025, Concentra projects revenue of approximately $2.1 billion and Adjusted EBITDA between $410-425 million, including the Nova acquisition impact. The company plans to maintain a net leverage ratio of approximately 3.5x.
Concentra, the nation's leader in occupational medicine, has announced the opening of a new medical center in Northlake, Texas, at 18303 IH35W. This new center, named Concentra Northlake Alliance, will cater to the rapidly growing Alliance area in the Dallas-Fort Worth (DFW) market. According to Robert Hassett, DO, MPH, Senior Vice President of Concentra Medical Operations, the new center will support the growth of Alliance employers by providing comprehensive workforce health services.
Concentra Northlake Alliance will offer a range of services including work injury care, physical therapy, drug testing, DOT physical exams, pre-placement exams, and other employer-related health services. Additionally, telemedicine for minor work injuries will be available through Concentra's proprietary platform, Concentra Telemed.
Concentra operates more than 550 locations nationwide and is known for providing quality occupational health and urgent care services. This expansion strengthens Concentra's presence in Texas, enabling the company to meet the increasing demand for occupational health services in the region. Concentra serves over 50,000 patients daily across 552 occupational health centers in 41 states and 157 onsite health clinics at employer worksites in 36 states.
Concentra, the nation's leading occupational medicine provider, has announced the opening of a new medical center in Knoxville, Tennessee. Located at 104 North Seven Oaks Drive, Concentra Knoxville West will offer work injury care, physical therapy, drug testing, DOT physical exams, pre-placement exams, and employer-related health services, including telemedicine via Concentra Telemed.
The expansion strengthens Concentra's presence in Tennessee and adds to its network of nearly 550 locations nationwide. As of June 30, 2024, the company operates 547 occupational health centers across 41 states and 154 onsite health clinics at employer worksites in 37 states, serving over 50,000 patients daily through its workforce of 11,000 colleagues and affiliated medical professionals.
Concentra (NYSE: CON) announced the completion of its spin-off from Select Medical through the distribution of 104,093,503 shares, representing 81.7% of Concentra's outstanding common stock. Select Medical stockholders received 0.806971 Concentra shares for each Select Medical share held as of November 18, 2024. Concentra, the largest U.S. occupational health services provider, operates 549 health centers and 156 onsite clinics across 45 states, serving over 50,000 patients daily with 11,000 colleagues and affiliated medical professionals.
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