Fierce Healthcare July 16, 2024
Occupational health services provider Concentra, a unit of healthcare company Select Medical, is hoping to rake in as much as $585 million in an initial public offering.
Concentra Group Holdings Parent plans to offer 22.5 million shares at a price range of $23 to $26, according to a filing Monday with the U.S. Securities and Exchange Commission (SEC). At the midpoint of the proposed range, Concentra Group Holdings Parent would command a market value of $3.1 billion, according to some media reports.
Select Medical owns long-term acute care and inpatient rehabilitation hospitals and announced plans at the beginning of the year to spin out Concentra.
Concentra, founded in 1979, says it’s the largest provider of occupational health services to employers...
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