Who did Concentra buy?

Published by Anaya Cole on

Who did Concentra buy?

Concentra has acquired all of the issued and outstanding shares of stock of U.S. HealthWorks from DHHC. Dignity Health owns a 20% equity interest in the combined entity holding Concentra and U.S. HealthWorks.

Is Concentra a publicly traded company?

In 1997, Dallas-based OccuSystems, Inc., parent of OccuCenters, merged with Boston-based CRA Managed Care, Inc. to form Concentra Managed Care, Inc., a publicly traded company. In 1999, the company’s stock was privatized, and in 2001, the company changed its name to Concentra Incorporated.

Is Select Medical publicly traded?

In April 2001, the company completed an initial public offering and was listed on NASDAQ. Fourteen months later, Select Medical was listed on the New York Stock Exchange, where it is currently traded under the NYSE ticker symbol SEM.

Is SEM a buy?

Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of SEM, demonstrate its potential to outperform the market. It currently has a Growth Score of F.

How many select medical locations are there?

Select Medical is one of the largest providers of post-acute care, operating 105 critical illness recovery hospitals in 28 states, 30 rehabilitation hospitals in 12 states, and 1,901 outpatient rehabilitation clinics in 38 states and the District of Columbia.

Who owns the largest hospitals in the US?

HCA Healthcare is the largest health systems in the U.S., with over 200 hospitals in its network.

Who is the backbone of the hospital?

It has long been said that the backbone of the healthcare system are the nurses that staff their facilities. A nursing staff accounts for twenty-five percent of all healthcare hires, and for good reason.

Does Humana own Concentra?

In June 2015, Humana Inc. (NYSE: HUM) announced the sale of the stock of its wholly owned subsidiary, Concentra Inc. (Concentra), to a joint venture between Select Medical Holdings Corporation (Select Medical) and Welsh, Carson, Anderson & Stowe a private equity fund for approximately $1.055 billion in cash.

Is Concentra a private company?

The privately owned company maintains a national network of occupational healthcare centers to serve more than 136,000 employer locations as well as insurance companies, group health plans, and other healthcare payers. Concentra’s operations are divided among three business segments.

What did Concentra do in 2003?

2003: Concentra tops $1 billion in revenues. Addison, Texas-based Concentra Inc. is a leading provider of outsourced, specialized cost management services in four markets: workers’ compensation, occupational health, group health, and auto liability. The company’s goal is to save on healthcare costs while improving patient recovery.

Who is the CEO of Concentra medical?

Executive VP, Chief Medical Officer John Anderson directs the delivery of medical care for the entire Concentra organization. He joined Concentra in 1993 and offers more than 35 years of experience in occupational medicine.

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