Welcome to our dedicated page for CONCENTRA GROUP HOLDINGS PAREN news (Ticker: CON), a resource for investors and traders seeking the latest updates and insights on CONCENTRA GROUP HOLDINGS PAREN stock.
Concentra Group Holdings Parent Inc. (NYSE: CON) delivers occupational health services and telemedicine solutions to enhance workforce productivity across the U.S. This page provides investors and stakeholders with a centralized source for all official company announcements, financial updates, and strategic developments.
Track CON's latest press releases, earnings reports, and operational milestones to stay informed about its evolving role in corporate healthcare. Key updates include regulatory compliance initiatives, partnerships with employers, and expansions of its telemedicine platform. The curated news collection enables analysis of how Concentra addresses challenges like healthcare cost management and workplace safety trends.
Discover updates across critical categories such as financial performance, clinic network growth, and innovations in preventative care programs. This resource simplifies monitoring of CON's market position relative to competitors in occupational health services.
Bookmark this page for direct access to Concentra's verified announcements and industry analyses. Regularly updated content supports informed decision-making for those tracking the intersection of healthcare and workforce management.
Concentra (NYSE: CON), the largest U.S. occupational health services provider, has announced a definitive agreement to acquire Pivot Onsite Innovations from Athletico Physical Therapy for $55 million.
Pivot Onsite Innovations operates over 200 onsite health clinics at employer locations across 40+ states, specializing in occupational health, wellness, and prevention services. The acquisition will double Concentra's Onsite Health segment, expanding to approximately 350 onsite health clinics.
Key Pivot executives, including founder Dr. Lawrence J. Goren, will transition to Concentra Onsite Health. The transaction is expected to close in Q2 2025, funded through cash on hand and existing credit facilities. Concentra currently operates approximately 620 occupational health centers and 150+ onsite health clinics, serving about 50,000 patients daily across 45 states.
Concentra (NYSE: CON) has scheduled the release of its first quarter 2025 financial results for Wednesday, May 7, 2025, after market close. The company will host a conference call to discuss these results on Thursday, May 8, 2025, at 9 a.m. Eastern Time.
Investors can access the live webcast through the provided Earnings Call Webcast Link or via Concentra's investor relations website. An audio-only version and Q&A session will be available via toll-free (888-506-0062) and international (973-528-0011) dial-in numbers.
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.
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