Concentra Group Holdings Parent, Inc. released preliminary unaudited financial results on January 22, 2025, for the fourth quarter and full year ended December 31, 2024. For the full year 2024, Concentra expects to report revenue of $1,900.2 million and Adjusted EBITDA of $376.9 million.
The company also announced the signing of a definitive agreement to acquire Nova Medical Centers for $265 million. Nova Medical Centers operates 67 centers across five states, providing workers' compensation injury care, physical therapy, and other occupational health services. This acquisition is expected to close in the first quarter of 2025 and will expand Concentra's network to over 770 occupational health centers and onsite health clinics in 42 states.
Concentra provided its preliminary 2025 business outlook, expecting revenue between $2,100 million and $2,150 million and Adjusted EBITDA between $410 million and $425 million, giving effect to the Nova Medical Centers acquisition. The transaction will be financed using a combination of cash on hand, available borrowing capacity, and new debt financing.
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