Concentra Group Holdings Parent Inc Dossier
Qualitative Analysis
Business overview
Concentra Group Holdings Parent, Inc. (NYSE: CON) is the largest provider of occupational health services in the United States by number of locations. Founded in 1979 and headquartered in Addison, Texas, the company operates a comprehensive national network dedicated to improving the health of America's workforce. As of December 31, 2025, Concentra's footprint included 628 stand-alone occupational health centers across 41 states and 411 onsite health clinics at employer worksites in 44 states. The company also delivers care through its telemedicine platform, Concentra Telemed, which serves 43 states and the District of Columbia. Concentra's core service offerings span workers' compensation injury care, physical therapy, employer-sponsored primary care, drug testing, DOT physical exams, and pre-placement examinations. The business is organized into three primary operating segments: Occupational Health Centers (accounting for approximately 93% of 2025 revenue), Onsite Health Clinics (approximately 5%), and Other Businesses (approximately 2%).
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Expanding the physical footprint of occupational health centers organically by targeting 8 to 10 de novo openings in 2026.
Expected impact: Accelerates organic patient visit growth and expands market share in key regional markets.
Investing in technology improvements, including AI capabilities, to enhance clinical workflows, create operational efficiencies, and improve the user experience for patients and employers.
Expected impact: Improves staffing efficiencies, reduces cost of services as a percentage of revenue, and enhances patient satisfaction.
Pursuing disciplined acquisitions of small occupational health practices, typically consisting of 1 to 5 locations, to expand local market density.
Expected impact: Complements organic growth with low-risk, highly-integrable local practices.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquired the assets of Reliant Immediate Care in California to expand access to occupational medicine and urgent care in the greater Los Angeles area.
Financial impact: Contributed to Southern California regional volume and visit growth starting in Q1 2026.
Acquired Pivot Onsite Innovations from Athletico Physical Therapy to double the size of Concentra's Onsite Health operating segment, adding over 200 onsite health clinics at employer locations across more than 40 states.
Financial impact: Significantly expanded the onsite health clinic footprint to 411 locations and drove a 125% year-over-year revenue increase in the On-Site Health Clinics segment in Q1 2026.
Acquired Nova Medical Centers to expand Concentra's occupational health footprint by adding 67 medical centers across five states.
Financial impact: Nova integration was largely completed by early 2026, contributing significantly to the double-digit revenue and EBITDA growth recorded in FY 2025 and Q1 2026.