Strong Revenue Growth
Total company revenue was $550.8 million compared to $477.9 million in the prior year, representing a 15.2% growth year-over-year. Excluding contributions from Nova, revenue was $519.4 million, resulting in an 8.7% increase over the prior year.
Increased Patient Visits
Total patient visits increased 9.5% in the quarter. Workers' compensation visits per day increased 9.3% and employer services visit volume increased 10.3% relative to the prior year.
Successful Acquisitions and Integrations
Concentra completed the integration and rebranding of Nova occupational health centers and acquired Pivot Onsite Health Clinics, doubling the size of their on-site health clinic segment.
Revenue Per Visit Increase
There was a 4.4% increase in revenue per visit this quarter versus the same quarter prior year, driven by a 5.4% increase in workers' compensation and a 3.1% increase in employer services revenue per visit.
Adjusted EBITDA Growth
Adjusted EBITDA was $115 million in the quarter versus $101.6 million in the same quarter prior year, marking a 13.2% increase.