According to a press release from March 18, 2024, Concentra Group Holdings Parent Inc. has plans for the Concentra line of business to go public and has filed a confidential draft registration statement with the Securities and Exchange Commission. With centers in 41 states, Concentra is one of the largest urgent care and occupational medicine operators in the country. Previously, Select Medical Holdings announced its intent to pursue separation from Concentra, carving out 2 separate publicly traded companies. The move to separate and take the companies public is expected to be completed by late 2024.
Take a look back: “Concentra was a public company from 1997 to 1999, and at that time, focused on comprehensive workers compensation with healthcare services constituting only 50% of revenue and the rest coming from managed care and network services,” says Alan Ayers, President of Experity Consulting and Senior Editor of The Journal of Urgent Care Medicine. “The company today is focused exclusively on stand-alone and worksite occupational medical clinics, having grown to 540 locations after its merger with US Healthworks in 2017.”