Concentra Group Holdings Parent, Inc. ( (CON) ) has released its Q1 earnings. Here is a breakdown of the information Concentra Group Holdings Parent, Inc. presented to its investors.
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Concentra Group Holdings Parent, Inc. is the largest provider of occupational health services in the United States, offering a comprehensive range of services aimed at improving the health of America’s workforce. The company operates numerous occupational health centers and onsite health clinics across the country.
In its first quarter of 2025, Concentra reported a strong financial performance with significant revenue and Adjusted EBITDA growth. The company also declared a cash dividend and revised its financial guidance for the year, reflecting confidence in its strategic initiatives and market position.
Key highlights from the earnings report include a 7.1% increase in revenue to $500.8 million and a 6.8% rise in Adjusted EBITDA to $102.7 million. The company also saw a 3.2% increase in daily patient visits and successfully closed the acquisition of Nova Medical Centers. Additionally, Concentra announced plans to acquire Pivot Onsite Innovations, further expanding its footprint in the occupational health sector.
Despite a decrease in net income due to higher interest expenses, Concentra’s strategic acquisitions and operational expansions position it well for continued growth. The company remains focused on integrating new acquisitions effectively and enhancing service delivery.
Looking ahead, Concentra has raised its revenue and Adjusted EBITDA guidance for 2025, expecting to achieve revenue between $2.1 billion and $2.15 billion. The company is committed to maintaining its market leadership and delivering value to its stakeholders through strategic growth and operational efficiency.