Olleh Media
Concentra Group Holdings Parent (CON), a separate unit from hospital operator Select Medical Holdings (CON);New York Stock Exchange: SEM) filed documents related to its U.S. IPO with the U.S. Securities and Exchange Commission (SEC) last Friday.
Occupational health providers are planning to: It is represented on the New York Stock Exchange by the symbol “CON”.
Up to 19.9% of the common stock will be offered to public investors as part of the offering, with Select Medical (SEM) retaining at least 80.1% ownership.
Founded in 1979, the Addison, Texas-based company operated 547 free-standing occupational health centers in 41 states as of March 31.
In addition to 151 on-site health clinics located at employer workplaces in 37 states, we operate a telehealth program serving 43 states and the District of Columbia.
In 2023, Concentra (CON) generated $1.8 billion. ~6.6% return Year-over-year growth was primarily driven by occupational health centers, which added $1.7 billion for ~6.5% year-over-year growth.
Select Medical (SEM)’s board of directors approved the sale in January and is scheduled to complete by the end of 2024.
