Financial Reporting - Concentra Group Holdings Parent, Inc. will present preliminary, unaudited operational metrics for Q4 2025 on January 14, 2026[4] - The presentation will be available on the Company's investor relations website after the event[4] - The Company is not classified as an emerging growth company under the Securities Act[3] Forward-Looking Statements - Forward-looking statements regarding future expectations and plans are included, with actual results potentially differing due to various factors[6] - The Company disclaims any obligation to update forward-looking statements except as required by law[6]

ADDISON, Texas--(BUSINESS WIRE)--Concentra Group Holdings Parent, Inc. ("Concentra,†the "Company,†"we,†"us,†or "our†) (NYSE: CON), the nation's largest provider of occupational health services by number of locations, today released preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2025, exceeding its previously issued guidance for full year 2025. In addition, the Company is releasing its preliminary 2026 business outlook, and publishing a detailed Investor B ...

Company Overview - Concentra is the largest occupational health services provider in the United States [3] - The company was originally known as OccuSystems and rebranded to Concentra in the late 1990s [2] - Concentra was sold to Humana in 2011 and later acquired by Select Medical in 2015 [2][3] - The company became publicly traded in July 2024 following a spin-off from Select Medical [3] Leadership - Keith Newton has been with Concentra for 25 years and currently serves as CEO [2] - The leadership team includes CFO Matt DiCanio and SVP of Finance and Strategy Tanner Newton [1]

Concentra Group Holdings Parent (NYSE:CON) FY Conference Summary Company Overview - **Company Name**: Concentra Group Holdings - **Industry**: Occupational Health Services - **Key Leadership**: CEO Keith Newton, CFO Matt DiCanio, SVP of Finance and Strategy Tanner Newton - **Public Trading**: Became publicly traded in July 2024 after a spin-off from Select Medical [2][22] Core Business Insights - **Market Position**: Largest occupational health services provider in the U.S., treating 1 out of every 4 workers' compensation injuries [3] - **Service Model**: Operates over 1,000 locations, including 650 brick-and-mortar facilities and over 400 on-site employer clinics [4][5] - **Patient Volume**: Facilities see about 100 patients daily, focusing on various services including drug screens, physicals, and injury care [4] - **Employer Relationships**: Over 200,000 direct employer relationships, with 98% of employers having been with Concentra for over 10 years [6][8] Financial Performance - **Revenue**: Approximately $2.2 billion with EBITDA around $425-430 million [23] - **Growth Rate**: 13% year-over-year growth in 2025; high single-digit growth excluding larger acquisitions [24] - **Cost Structure**: 71% of revenue is cost of service, with 80% being variable costs [25] - **EBITDA Margin**: Approximately 20% adjusted EBITDA margins for five consecutive years [26] - **Free Cash Flow**: Over $1 billion in free cash flow generation since 2021, with greater than 100% free cash flow conversion [27] Market Dynamics - **Workers' Compensation**: Each state sets its reimbursement rates, with expectations of a 3% increase in rates for 2026 [40][43] - **Employer Services**: Anticipated 3%-4% increase in pricing for employer services, aligning with inflationary indicators [47] - **Diversification**: No significant customer concentration risk; largest customer accounts for about 3% of revenues [14] Growth Strategy - **Acquisitions**: Over 70 acquisitions since 2016, with a focus on small M&A and de novo practices [16] - **Market Size**: The occupational health industry is valued at $176 billion, with significant growth opportunities [17] - **Demographic Trends**: An aging workforce and increasing comorbidities are expected to impact service demand positively [18] Challenges and Opportunities - **Economic Environment**: Despite economic uncertainties, Concentra has shown resilience with strong growth in work comp visit rates [37][38] - **AI Impact**: Potential job creation from AI developments, particularly in construction and data centers, may increase demand for services [19][20] Capital Allocation - **Priorities**: Focus on deleveraging, share repurchase programs, and continued M&A efforts while maintaining flexibility in capital allocation [48][49] - **Leverage Target**: Aiming for leverage below 3.0 by the end of 2026 [28][50] Future Outlook - **Investor Education**: As investors become more familiar with Concentra's business model and performance, expectations for growth in a recovering labor market are optimistic [55][56] - **Execution Confidence**: Strong historical performance and experienced leadership position the company well for future growth [56] This summary encapsulates the key points from the Concentra Group Holdings FY Conference, highlighting the company's market position, financial performance, growth strategies, and future outlook.

Business Overview - Concentra is the largest provider of occupational health services in the United States by number of locations[7] - The company cares for an average of over 52,000 patients each business day[7] - Concentra serves approximately 200,000 employer customers[7] - The company treats approximately 1 in every 4 injuries that occur within the U S workplace[12] - Concentra has over 1,000 total locations[12] Financial Performance - Concentra's TTM Revenue is $21 billion[8] - The company's TTM Adjusted EBITDA is $414 million[8] - Concentra's TTM Adjusted EBITDA margin is 198%[8] - The company's TTM free cash flow is $176 million[11] - Concentra's revenue from the largest employer customer is less than 3%[8]

ADDISON, Texas--(BUSINESS WIRE)--Concentra® (NYSE: CON), the nation's leader in occupational medicine, today announced the opening of a new medical center in Hialeah, Florida. The medical center, Concentra Hialeah, is conveniently located at 855 East 8th Avenue, Hialeah, Florida 33010. "Hialeah has shown great potential for Concentra,†said Janet Cobb, MD, senior vice president of Concentra medical operations. "By optimizing our presence in Hialeah, we intend to serve more employers and provide. ...

Group 1 - Concentra Group Holdings Parent, Inc. (NYSE:CON) is considered a cheap healthcare stock with a "Buy" rating from all seven analysts, indicating a median price target of $29, which suggests an upside potential of 48.95% from the current price [1] - Following the announcement of its third-quarter results, analysts reaffirmed their bullish outlook, with Mizuho Securities maintaining a Buy rating and a price target of $28, while Bank of America Securities also maintained a Buy rating [2] - In the third quarter, Concentra reported a 17% increase in revenue, an 8.9% increase in net income, and a 17.1% increase in adjusted EBITDA, driven by growth in patient volumes and revenue per visit [3]

Economic Policy and Budget - UK Chancellor Rachel Reeves is set to present the Autumn Budget on November 26, 2025, focusing on economic growth and fiscal stability, emphasizing that "growth is the best way out of the challenges that we face" [2][8] - The budget includes a commitment to a £86 billion R&D budget over four years starting April 2026, which features a £500 million Local Innovation Partnerships Fund, although this represents a real-terms freeze based on inflation forecasts [3][8] - Economists predict tax increases and spending adjustments totaling around £30 billion to meet fiscal rules, with employer National Insurance contributions expected to rise to 15% from April 2026 [4][8] Corporate Developments - Alphabet (GOOGL) shares surged by 4.1% in premarket trading on November 24, 2025, driven by optimism surrounding Google's AI initiatives and a new multi-million-dollar cloud partnership with NATO [5][6][8] - Continental (CON) plans to cut up to 1,500 jobs in its ContiTech division starting in 2026, aiming for annual savings of €150 million (approximately $173.16 million) by 2028 due to underperforming markets [7][9][8] - Tesla (TSLA) shares rose by 2.2% in premarket trading on November 24, 2025, attributed to positive market sentiment and expectations of potential Federal Reserve interest rate cuts, with a reported revenue increase of 12% year-over-year in Q3 [12][13][8] Market Sentiment and Economic Indicators - German business sentiment declined in November 2025, with the Ifo Business Climate Index falling to 88.1 from 88.4 in October, indicating a pessimistic outlook for the economy [10][11] - The manufacturing sector in Germany faces challenges, with companies reporting low order books and increased skepticism about future conditions, influenced by high energy costs and intensified competition [11]

Core Insights - Concentra has appointed Jason Cooper as Chief Data, Analytics, and Artificial Intelligence Officer to enhance its data strategy and governance, aligning with enterprise growth priorities [1][2] Company Overview - Concentra is the largest provider of occupational health services in the United States, operating 628 occupational health centers and 413 onsite health clinics across 47 states, serving over 50,000 patients daily as of September 30, 2025 [4] Leadership and Expertise - Jason Cooper brings over 25 years of experience in data and technology across various sectors, including roles at L3-Communications, CVS Caremark, and Cigna, which will aid in operationalizing data and accelerating AI adoption at Concentra [2][3] Strategic Focus - The company emphasizes a data-driven approach, focusing on data governance and digital connectivity to enhance its position as an industry leader [3]

Financial Data and Key Metrics Changes - Total company revenue was $572.8 million in Q3 2025, representing a 17% year-over-year growth compared to $489.6 million in Q3 2024 [3] - Adjusted EBITDA was $118.9 million in Q3 2025, a 17.1% increase from $101.6 million in the same quarter prior year [7] - Adjusted net income attributable to the company was $49.9 million, with adjusted earnings per share of $0.39, compared to $44.3 million and $0.37 in the prior year [8] Business Line Data and Key Metrics Changes - In the Occupational Health operating segment, total revenue was $526 million in Q3 2025, a 13.6% increase from the prior year [9] - Workers' compensation revenue was $343.5 million, up 15% year-over-year, with visits per day increasing 9.8% [9] - Employer services revenue increased by 11.9% to $173.2 million, with visits per day up 8.9% [9] Market Data and Key Metrics Changes - Total patient visits increased 9.2% in the quarter to more than 55,500 visits per day [3] - Workers' compensation visits per day increased 9.8%, while employer services visit volumes increased 8.9% relative to the prior year [4] - The company noted a strong correlation between workers' compensation volume and employment levels reported by the BLS, although recent data showed a lack of correlation [5] Company Strategy and Development Direction - The company finalized the integration and rebranding of the Nova Occupational Health Centers and opened additional centers, with plans for more by year-end [2] - The focus is on organic growth and capturing market share, particularly in the on-site health clinics segment, which reported a 123.8% revenue increase due to the acquisition of Pivot OnSite Innovations [11] - The company is shifting back to its core acquisition strategy after integrating Nova and Pivot, targeting smaller practices with one to five occupational health centers [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, indicating no significant headwinds or obstacles anticipated for 2026 [33] - The company is focused on leveraging technology to improve customer engagement and operational efficiencies, which is seen as a competitive advantage [49][50] - Management expects a strong rate year in California and anticipates similar rate increases for employer services in line with inflation [66] Other Important Information - The company ended the quarter with a total debt balance of $1.61 billion and a cash balance of $50 million, with a net leverage ratio of 3.6x [17] - A cash dividend of $0.0625 per share was declared, payable on December 9, 2025 [21] - The company raised the low end of its 2025 revenue guidance from $2.13 billion to $2.145 billion [22] Q&A Session Summary Question: Any major headwinds or tailwinds for 2026? - Management sees no significant headwinds and remains bullish about the upcoming year [33] Question: What is driving the improvement in employer services volume? - The company has implemented various sales and marketing strategies, leveraging technology to enhance customer engagement and retention [37] Question: Can you elaborate on the decoupling of workers' comp visit volume from BLS data? - Management noted a lack of correlation over the past two years, which was previously strong, and is uncertain about the factors driving this change [46] Question: How stable is the labor force and cost environment? - The company reported stability in labor force statistics and turnover rates, with no significant changes in costs [54] Question: What are the rate expectations for 2026? - Management expects a strong rate year for workers' comp, particularly in California, and normal rate increases for employer services in line with inflation [66]