Concentra buys 1M shares from chair in $34.65M deal
Concentra Group Holdings Parent, Inc. (CON) entered into a Stock Repurchase Agreement with chairman Robert A. Ortenzio and related entities to buy back 1,000,000 shares of common stock in a privately negotiated transaction.
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Rhea-AI Filing Summary
Concentra Group Holdings Parent, Inc. (CON) entered into a Stock Repurchase Agreement with chairman Robert A. Ortenzio and related entities to buy back 1,000,000 shares of common stock in a privately negotiated transaction. The company agreed to pay $34.65 per share, for a total of $34,650,000, representing a 1% discount to the August 21, 2026 closing price.
The transaction was approved by the Board’s Audit and Compliance Committee, which is comprised solely of independent directors, and closed on August 24, 2026. It was funded with the company’s cash on hand and executed under Concentra’s previously announced share repurchase program. The repurchased shares represent approximately 0.784% of the company’s issued and outstanding common stock immediately prior to the transaction.
8-K Event Classification
Key Figures
Key Terms
Stock Repurchase Agreement financial
privately-negotiated transaction financial
Audit and Compliance Committee regulatory
independent directors regulatory
FAQ
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What stock repurchase did CON (Concentra Group Holdings Parent, Inc.) announce?
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Who approved CON’s Stock Repurchase Agreement with the chairman’s entities?
When did CON’s repurchase agreement close?
AI-generated analysis. How Rhea-AI works. Not financial advice.