Concentra Group Holdings Parent, Inc.

Listed Company

CONCIK 0002014596NYSELarge AcceleratedServices-Specialty Outpatient Facilities, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.16B

Net Income

$166.41M

Total Assets

$2.86B

Equity

$393.28M

Shares Out

128.63M

Op. Cash Flow

$279.40M

Business

Concentra Group Holdings Parent, Inc. provides comprehensive occupational health services to employers, payors and individual consumers, focusing on diagnosis, treatment and prevention of work‑related injuries and illnesses. It offers workers’ compensation care, employer services (physical examinations, drug and alcohol screening, testing and preventive care), consumer urgent care, physical therapy, telemedicine, pharmacy services and medical compliance administration. The company operates through three segments: occupational health centers, onsite health clinics and other businesses that include telemedicine and pharmacy. It distributes services nationwide via stand‑alone centers, employer on‑site clinics and a telemedicine platform.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Revenue	2,163	1,900	1,838	1,724
Cost of services, exclusive of depreciation and amortization	1,550	1,372	1,326	1,242
General and administrative, exclusive of depreciation and amortization	203	156	152	150
Depreciation and amortization	76	67	73	74
Total costs and expenses	1,829	1,596	1,551	1,466
Other operating income	20,000	284,000	250,000	312,000
Income from operations	334	305	288	259
Loss on early retirement of debt	−875,000	0	0	—
Equity in losses of unconsolidated subsidiaries	0	−4	−526,000	−2
Interest expense	−109	−48	−221,000	−849,000
Other expense	0	0	−2,000	−415,000
Income before income taxes	224	231	243	225
Income tax expense	51	59	58	53
Net income	173	172	185	172
Less: net income attributable to non-controlling interests	6	5	5	6
Net income attributable to the Company	166	167	180	167
Basic (in dollars per share)	1.3	1.46	1.73	1.6
Diluted (in dollars per share)	1.3	1.46	1.73	1.6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	80	183	31	—	—
Accounts receivable	258	218	216	—	—
Prepaid income taxes	2	2	8	—	—
Other current assets	43	35	39	—	—
Total current assets	383	437	294	—	—
Operating lease right-of-use assets	484	436	398	—	—
Property and equipment, net	225	198	178	—	—
Goodwill	1,479	1,235	1,230	1,226	—
Other identifiable intangible assets, net	243	205	—	—	—
Non-current deferred tax asset	24	4	—	—	—
Other assets	20	7	8	—	—
Total assets	2,858	2,521	2,334	2,297	—
Current operating lease liabilities	85	75	73	—	—
Current portion of long-term debt and notes payable	11	10	1	—	—
Accounts payable	21	20	20	—	—
Accrued and other liabilities	221	202	180	—	—
Total current liabilities	337	307	275	—	—
Non-current operating lease liabilities	444	397	357	—	—
Long-term debt, net of current portion	1,564	1,469	—	—	—
Non-current deferred tax liability	49	25	23	—	—
Other non-current liabilities	45	24	28	—	—
Total liabilities	2,438	2,222	1,156	—	—
Commitments and contingencies (Note 18)	—	—	—	—	—
Redeemable non-controlling interests	19	18	16	17	16
Common stock, $0.01 par value, 700,000,000 shares authorized, 128,633,374 and 128,125,952 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	1	1	0	—	—
Capital in excess of par	249	261	0	—	—
Retained earnings	146	14	685	—	—
Accumulated other comprehensive loss	−3	0	—	—	—
Total stockholders' equity	393	276	—	—	—
Non-controlling interests	8	5	5	—	—
Total equity	401	281	1,161	979	830
Total liabilities and equity	2,858	2,521	2,334	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Loss on early retirement of debt	51,000	0	0	—
(Gain) loss on sale of assets	−773,000	40,000	4,000	—
Stock compensation expense	10	2	651,000	2
Amortization of debt discount and issuance costs	4	2	0	0
Deferred income taxes	8	−2	−6	−9
Other	1	72,000	327,000	589,000
Accounts receivable	−11	−2	−10	−6
Other current assets	−6	4	−21	−3
Other assets	8	3	3	9
Accounts payable and accrued liabilities	18	25	10	34
Net cash provided by operating activities	279	275	234	274
Business combinations, net of cash acquired	−333	−7	−6	−10
Acquired customer relationships	0	0	−4	0
Purchases of property and equipment	−82	−64	−65	−46
Proceeds from sale of assets	778,000	27,000	36,000	38,000
Net cash used in investing activities	−415	−71	−75	−58
Proceeds from term loans, net of issuance costs	949	837	0	0
Payments on term loans	−855	−2	0	—
Proceeds from 6.875% senior notes, net of issuance costs	0	637	0	0
Borrowings of other debt	7	8	5	4
Principal payments on other debt	−10	−10	−7	−7
Exercise of stock options	0	0	3	3
Repurchases of common shares	0	0	−5	−5
Dividends paid to common stockholders	−32	−8	0	0
Repurchase of common stock	−22	−15	0	0
Proceeds from issuance of non-controlling interests	3	0	0	—
Distributions to non-controlling interests	−7	−6	−6	−6
Proceeds from Initial Public Offering	0	511	0	0
Dividend to Select	0	−1,536	0	—
Contributions from Select	0	2	5	7
Net cash provided by (used in) financing activities	32	−52	−165	−210
Net (decrease) increase in cash	−103	152	−6	7
Cash paid for interest	109	50	44	31
Cash paid for taxes	46	56	61	42
Liabilities for purchases of property and equipment	2	5	5	8

Filings

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