Concentra Group Holdings Parent Inc

ir.concentra.com

What Do They Do?

Provides work-injury care, workplace health services and consumer care through health centers, employer-site clinics and telemedicine for employers and patients.

How Do They Make Money?

Occupational health centers account for most revenue, with employer programs and third-party payors paying for care tied to completed patient visits. Onsite clinic services are paid for over the period the company provides care.

revenue

Segment	Share	How money arrives
Total occupational health center revenue Sold outright	93% FY2022: 95%	Sold outright
Onsite health clinics Recurring	5.1% FY2022: 3.3%	Recurring
Other Businesses	2.2% FY2022: 2.2%

Who Are Their Customers?

Employers are the main customers; workers’ compensation insurers and third-party administrators are ecosystem partners, and patients receive work-related and consumer care. Employer programs and third-party payors primarily pay for center and onsite services.

Do Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 9 cents into free cash flow.

Operating income, FY2025

15% of revenue

▲ +10% vs FY2024 ($304.8M, 16%)

Net income, FY2025

8% of revenue

▼ 0% vs FY2024 ($166.5M, 9%)

Free cash flow, FY2025

9% of revenue

▼ −6% vs FY2024 ($210.4M, 11%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +10%; vs $550.8M in Q2 FY2025
Net income: ▲ +47%; vs $44.6M in Q2 FY2025

Total occupational health center revenue share of revenue vs 93.7% in Q2 FY2025

Sep 4, 2026 CEO succession and a new CFO appointment planned Matt DiCanio is set to become CEO, Keith Newton executive chairman, and Tanner Newton CFO, effective November 1, 2026.
Aug 6, 2026 Raised full-year 2026 guidance

Revenue over time

Total occupational health center revenue Onsite health clinics Other Businesses

$2.5B$1.3B$0

FY2022 FY2023 FY2024 FY2025

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