Concentra Group Holdings Parent, Inc. announced on November 25, 2024, the completion of its spin-off from Select Medical Holdings Corporation. Select Medical distributed 104,093,503 shares of Concentra's common stock, representing approximately 81.7% of the outstanding shares, to its stockholders.
Following the distribution, Select Medical no longer owns any shares of Concentra's common stock, making Concentra a fully independent public entity. The distribution was made pro rata to Select Medical's stockholders of record as of November 18, 2024, with shareholders receiving 0.806971 shares of Concentra for every Select Medical share held.
This separation allows Concentra to focus entirely on its core mission as the largest provider of occupational health services in the United States. The company now operates with full strategic and financial autonomy, supporting its growth initiatives and market leadership.
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