Concentra Group Holdings Parent, Inc. ( (CON) ) has released its Q4 earnings. Here is a breakdown of the information Concentra Group Holdings Parent, Inc. presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Concentra Group Holdings Parent, Inc., the largest provider of occupational health services in the United States, offers a comprehensive suite of services aimed at enhancing the health of the American workforce.
Concentra reported its preliminary financial results for 2024, alongside announcing the acquisition of Nova Medical Centers, a significant move to expand its occupational health services. Despite a slight dip in net income compared to 2023, the company’s revenue and adjusted EBITDA showed positive growth, aligning with its strategic expansion goals.
In 2024, Concentra achieved a revenue of $1.9 billion, marking a 3.4% increase from the previous year, with an adjusted EBITDA growth of 4.3%. However, net income saw a decrease, ranging between $169.7 million and $171.7 million. The acquisition of Nova Medical Centers, valued at $265 million, is expected to close in early 2025, positioning Concentra for greater market reach with a total of over 770 occupational health centers and clinics.
Looking ahead, Concentra is optimistic about its 2025 financial outlook, projecting revenue of approximately $2.1 billion and adjusted EBITDA between $410 million and $425 million. The strategic acquisition and expansion efforts are anticipated to enhance its service offerings and sustain growth within the occupational health sector.
