Concentra Group Holdings Parent, Inc.

General Information
Business:

Concentra Group Holdings Parent, Inc. is a holding company.  (Incorporated in Delaware)

We were founded in 1979 and have grown to be the largest provider of occupational health services in the United States by number of locations. Our national presence enables us to provide access to high-quality care that supports our mission to improve the health of America’s workforce.

As of March 31, 2024, we operated 547 stand-alone occupational health centers in 41 states and 151 onsite health clinics at employer worksites in 37 states. We also have expanded our reach via our telemedicine program serving 43 states and the District of Columbia. In total, we deliver services across 45 states and the District of Columbia. We had approximately 11,000 colleagues and affiliated physicians and clinicians as of Dec. 31, 2023, who supported the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care, to more than 50,000 patients each business day on average during 2023. Our patients are generally employed by our main customers — employers across the United States.

Our business is organized into three operating segments based primarily on the type or location of occupational health services provided:

– Occupational Health Centers:   Our Occupational Health Centers segment encompasses the occupational health services we deliver at our 547 health center facilities across the United States. In this segment, we serve all types of employers, from Fortune 500 to small businesses.

​- Onsite Health Clinics:   Our Onsite Health Clinics segment delivers occupational health services and/or employer-sponsored primary care services at an employer’s workplace, including mobile health services and episodic specialty testing services — we deliver our services at 151 on-site locations. In this segment, we serve medium to large-sized employers.

​- Other Businesses:   Our Other Businesses segment is comprised of several complementary services to our core occupational health services offering and includes Concentra Telemed®, Concentra Pharmacy and Concentra Medical Compliance Administration. In this segment, we serve all types of employers.

As a percentage of revenue for each of the three months ended March 31, 2024 and the year ended Dec. 31, 2023, our Occupational Health Centers, Onsite Health Clinics and Other Businesses segments represent approximately 95%, 3% and 2%, respectively. Together, all operating segments are aggregated into a single reportable segment in our consolidated financial statements based on similar services provided, service delivery process involved, target customers, and similar economic characteristics.

Across our operating segments, we offer a diverse and comprehensive array of occupational health services, including workers’ compensation, employer and consumer health services:

–  Workers’ compensation services includes the support of workers’ compensation injury and physical rehabilitation care.

​-  Employer Services consist of drug and alcohol screenings, physical examinations and evaluations, clinical testing, and preventive care, as well as direct-to-employer services that include the services described above and advanced primary care at our onsite health clinics.

​-  Consumer Health Services consist of the support of patient-directed urgent care treatment of injuries and illnesses.

Note: In connection with this offering, we will issue common stock representing not more than 19.9% of our common stock outstanding, with Select Medical Corporation (“SMC”) maintaining ownership of at least 80.1% of our common stock.

Note: Net income and revenue are for the 12 months that ended March 31, 2024.

(Note: Concentra Group Holdings filed its S-1/A on July 15, 2024, and disclosed the terms for its IPO: 22.5 million shares at a price range of $23.00 to $26.00 to raise $551.25 million, if priced at the $24.50 mid-point of its range. Background: Concentra Group Holdings Parent, Inc. filed its S-1 on June 14, 2024, without disclosing the terms for its IPO. Estimated IPO proceeds are $100 million, a placeholder figure.)

 

Industry: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC
Employees: 11320
Founded: 1979
Contact Information
Address 4714 Gettysburg Road, P.O. Box 2034, Mechanicsburg, PA 17055
Phone Number (717) 972-1100
Web Address https://www.concentra.com/
View Prospectus: Concentra Group Holdings Parent, Inc.
Financial Information
Market Cap $2974.96mil
Revenues $1849.38 mil (last 12 months)
Net Income $187.59 mil (last 12 months)
IPO Profile
Symbol CON
Exchange NYSE
Shares (millions): 22.5
Price range $23.50 - $23.50
Est. $ Volume $528.8 mil
Manager / Joint Managers J.P. Morgan/ Goldman Sachs/ BofA Securities/ Deutsche Bank Securities/ Wells Fargo Securities/ Mizuho/ RBC Capital Markets/Truist Securities
CO-Managers Capital One Securities/ Fifth Third Securities/ PNC Capital Markets LLC ​
Expected To Trade: 7/25/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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