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 January 14, 2026 12:00 PM ET Company ParticipantsMatthew DiCanio - CFOTanner Newton - SVP of Finance and StrategyKeith Newton - CEOConference Call ParticipantsBenjamin Rossi - AnalystBenjamin RossiAll right. Thank you all. First and foremost, thank you all for joining us here in person, and for those who are joining us via webcast. My name is Ben Rossi, and I'm the Healthcare Facilities Analyst here at J.P. Morgan. We are excited to welcome Concentra ...

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]