Current Report · Items 2.01, 7.01, 9.01 · 8-K
Concentra Group Holdings Parent, Inc.
CONNYSEEQUITYCurrent
Completion of Acquisition or Disposition of Assets · Regulation FD Disclosure
Item 2.01 Completion of Acquisition or Disposition of Assets Effective June 1, 2025, Concentra Health Services, Inc. (“CHS”), a wholly owned subsidiary of Concentra Group Holdings Parent, Inc.…
Filed Jun 2, 2025Accepted Jun 2, 2025, 9:41 AM EDTCIK 2014596Accession 0001104659-25-055287
Company context
Concentra is the largest provider of occupational health services in the United States by number of locations, with the mission of improving the health of America’s workforce, one patient at a time. Our approximately 13,000 colleagues and affiliated physicians and clinicians support the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care. We support the care of approximately 53,000 patients each business day on average across 47 states and the District of Columbia at our 628 occupational health centers, 411 onsite health clinics at employer worksites, and Concentra Telemed as of December 31, 2025.
Current securities
Disclosure sections
Items 2.01, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 2.01Item 2.01 - Completion of Acquisition
Item 2.01 Completion of Acquisition or Disposition of Assets
Effective
June 1, 2025, Concentra Health Services, Inc. (“CHS”), a wholly owned subsidiary of Concentra Group Holdings Parent, Inc.
(the “Company”), consummated the previously announced acquisition of Onsite Innovations, LLC (“Onsite Innovations”),
pursuant to the terms of an equity purchase agreement, dated April 18, 2025 (the “Purchase Agreement”), by and between CHS
and Pivot Occupational Health, LLC (the “Seller”). Pursuant to the terms of the Purchase Agreement, CHS acquired all of the
outstanding equity interests of Onsite Innovations from the Seller and paid a purchase price of $55 million, subject to certain customary
adjustments in accordance with the terms set forth in the Purchase Agreement. CHS financed the transaction using a combination of cash
on hand and available borrowing capacity under its existing revolving credit facility. Onsite Innovations operates approximately
200 onsite health clinics at employer locations in over 40 states, providing occupational health, wellness, prevention, and performance
services.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On June 2, 2025, the Company issued a press release
announcing the consummation of the previously announced acquisition of all of the issued and outstanding equity interests of Onsite Innovations
by CHS pursuant to the terms of the Purchase Agreement (the “Press Release”). A copy of the Press Release is attached as Exhibit
99.1 to this report and incorporated herein by reference.
The information in this Item 7.01 in this Current
Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall
it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Filed exhibits (1)
EX-99.1 (by filename) tm2516621d1_ex99-1.htmEX-99.1
2
tm2516621d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
Concentra ® Announces Closing
of Pivot Onsite Innovations Acquisition
ADDISON, TEXAS - Concentra Group Holdings Parent, Inc. (“Concentra,”
“the Company,” “we,” “us,” or “our”) (NYSE: CON), the nation’s largest provider
of occupational health services, today announced the closing of the transaction to acquire Pivot Onsite Innovations from Athletico Physical
Therapy. Pivot Onsite Innovations is a leader in the onsite health industry with over 200 onsite health clinics at employer locations
in over 40 states.
“We are very excited about the addition of Pivot Onsite Innovations
to Concentra Onsite Health,” said Matt DiCanio, Concentra’s President and Chief Financial Officer. “This collaboration
doubles the size of our growing Concentra Onsite Health operating segment and fully aligns with our business, mission, and growth strategy.
It truly showcases our commitment to not only investing in but also scaling our onsite health clinics business.”
“Joining forces with Pivot Onsite Innovations expands upon our
ability to deliver accessible occupational health and advanced primary care to la…
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