Core Insights - Concentra Group Holdings Parent, Inc. reported preliminary unaudited financial results for Q4 and full year 2025, exceeding previous guidance for the year [1][2] - The company anticipates continued growth in 2026, supported by strong performance in 2025 and a detailed business outlook [5][9] Financial Performance - For Q4 2025, Concentra expects to report revenue of $539.1 million, a 15.9% increase from Q4 2024's $465.0 million [5] - Net income for Q4 2025 is projected at $36.2 million, up 58.7% from $22.8 million in Q4 2024 [5] - Adjusted EBITDA for Q4 2025 is expected to be $95.3 million, reflecting a 22.9% increase from $77.5 million in Q4 2024 [5] - Full year 2025 revenue is anticipated to be $2,163.4 million, a 13.9% increase from $1,900.2 million in FY 2024 [5] Operational Metrics - Total patient visits for Q4 2025 reached 3,264,322, a 9.0% increase from 2,994,988 in Q4 2024 [29] - The average revenue per visit in Q4 2025 was $149.63, up 3.1% from $145.08 in Q4 2024 [29] - For the full year 2025, total patient visits were 13,546,707, a 7.3% increase from 12,623,503 in FY 2024 [32] Business Outlook - For 2026, Concentra expects revenue in the range of $2.25 billion to $2.35 billion, with Adjusted EBITDA between $450 million and $470 million [12][35] - The company aims to maintain a net leverage ratio of 3.0x or below and anticipates free cash flow of $200 million to $225 million [12][35] Company Overview - Concentra is the largest provider of occupational health services in the U.S. by number of locations, operating 628 occupational health centers and 411 onsite health clinics [10] - The company supports approximately 53,000 patients daily across 47 states, focusing on improving the health of America's workforce [10]

Core Insights - Concentra has acquired the assets of Reliant Immediate Care, enhancing its presence in California's occupational health market [1][4] - The acquisition includes rebranding of Reliant locations to Concentra, with a focus on expanding access to care in the greater Los Angeles area [2][3] Company Expansion - The newly acquired locations include Concentra Century Airport, Concentra Downtown LA, and Concentra Montebello, while Reliant Huntington Park will merge with Concentra Vernon Soto [2][3] - Concentra aims to provide a range of services including work injury care, urgent care, physical therapy, drug testing, and telemedicine for minor work injuries [3][4] Market Position - Concentra is recognized as the largest provider of occupational health services in the U.S. by number of locations, with over 625 centers nationwide [4][6] - The company serves more than 50,000 patients daily, indicating a strong operational capacity and demand for its services [6]

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]