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Concentra Group Holdings Parent, Inc. (CON) is the largest provider of occupational health services in the United States, operating since 1979. The company focuses on improving the health of America’s workforce by delivering a wide range of services, including workers' compensation, employer-sponsored primary care, and consumer health services. Concentra serves employers of all sizes through its extensive network of health centers, onsite clinics, and complementary services.
- Occupational Health Centers - Operates stand-alone facilities across 41 states, providing workers' compensation services, employer health services such as physicals and screenings, and consumer health services for injuries and illnesses.
- Onsite Health Clinics - Delivers occupational health and employer-sponsored primary care services directly at employer worksites, including mobile health services and specialty testing.
- Other Businesses - Offers complementary services such as telemedicine, pharmacy solutions, and medical compliance administration to enhance occupational health offerings.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Greg M. Gilbert ExecutiveBoard | Executive Vice President and Chief Reimbursement & Government Relations Officer | State Board Member for Workers’ Compensation Medical Advisory Committees (Maryland and Georgia); Chair of Georgia Medical Advisory Sub-Committee on Formulary and Treatment Guidelines | Greg M. Gilbert is the Executive Vice President and Chief Reimbursement & Government Relations Officer at CON since 2022. With over 30 years of service, he manages governmental relations, reimbursement, and contracting/credentialing, and serves on key workers’ compensation medical advisory boards for Maryland and Georgia. | |
Danielle Kendall Executive | Executive Vice President, Chief People Officer | Danielle Kendall is the Executive Vice President, Chief People Officer at Concentra since March 2025. She has been with the company since 2000, holding various key HR leadership roles including Senior Vice President, Human Resources from August 2015 and Vice President, Human Resources from 2007 to 2015. | ||
Douglas R. McAndrew Executive | Executive Vice President, Chief Operating Officer – West | Douglas R. McAndrew is currently the Executive Vice President, Chief Operating Officer – West at CON since 2021. He has previously served in senior leadership roles at CON, including as Senior Vice President, Chief Operating Officer – West (2018–2021) and as Senior Vice President, Operations (2015–2018). | ||
Giovanni Gallara Executive | Executive Vice President, Chief Clinical Services Officer | Giovanni Gallara has served as the Executive Vice President, Chief Clinical Services Officer at CON since 2021, and he previously held positions as Senior Vice President (2016–2021) and Vice President of Therapy Operations (2011–2016). His career background also includes work in financial services and outpatient rehabilitation clinical operations, showcasing extensive leadership and operational expertise. | ||
John A. deLorimier Executive | Executive Vice President, Chief Digital & Data Officer | John A. deLorimier is the Executive Vice President, Chief Digital & Data Officer at CON since 2023, previously serving as Senior Vice President and Executive Vice President of Customer Growth and Experience from 2005 to 2022. He has extensive leadership experience, including serving as Segment Vice President of Product and Sales Development at Humana from 2012 to 2015, and holding senior advisory roles for Fortune 500 companies. | ||
John R. Anderson Executive | Executive Vice President, Chief Medical Officer | John R. Anderson, DO, FACOEM, has served as Chief Medical Officer since 2014 and was named Executive Vice President in 2021, playing a pivotal role in shaping Concentra’s clinical and operational strategies. | ||
Jonathan P. Conser Executive | Executive Vice President, Chief Growth & Customer Officer | Jonathan P. Conser is the Executive Vice President, Chief Growth & Customer Officer at CON since 2023. Previously, he served as Senior Vice President from 2016 to 2023 and has held various leadership positions including Vice President of National Accounts and Chief Sales Officer since joining CON in 2003. | ||
Matthew T. DiCanio Executive | President | Matthew T. DiCanio is President at CON since 2023 and has been serving as CFO since 2024; he joined CON in 2015 as Senior Vice President, Strategy & Corporate Development and was promoted to Executive Vice President in 2021. | ||
Michael A. Kosuth Executive | Executive Vice President, Chief Operating Officer – East | Michael A. Kosuth has been with CON since 1996 and currently serves as Executive Vice President, Chief Operating Officer – East since 2021. He previously held roles as Senior Vice President, Chief Operating Officer – East from 2018 to 2021 and Senior Vice President, Operations from 2015 to 2018. | ||
Michael D. Rhine Executive | Executive Vice President, Chief Operating Officer of Onsite Health & Telemedicine | Michael D. Rhine is the Executive Vice President, Chief Operating Officer of Onsite Health & Telemedicine at CON since July 2023, overseeing the company’s health and telemedicine operations. He previously served as Senior Vice President of Concentra Onsites from 2021 to 2023 and held various operational roles at CON since 2003. | ||
Su Zan Nelson Executive | Executive Vice President and Chief Accounting Officer | Su Zan Nelson has been serving as Executive Vice President and Chief Accounting Officer since 2024 while previously serving as Chief Financial Officer from 2016 to 2024 and having joined CON in 2001. She is a CPA with over 21 years of experience driving financial leadership and strategy at CON. | ||
Thomas A. Devasia Executive | Executive Vice President, Chief Marketing and Innovation Officer | Thomas A. Devasia has been the Executive Vice President, Chief Marketing and Innovation Officer at CON since 2022, and previously served as Senior Vice President from 2020. He has overseen the company’s product, marketing, and digital teams since joining in 2016. | ||
Timothy F. Ryan Executive | Executive Vice President and Chief Legal Counsel | Timothy F. Ryan is the Executive Vice President and Chief Legal Counsel at Concentra, having joined in October 2024. Previously, he served as Chief Legal Counsel at AccentCare and held key positions at UnitedHealth Group. | ||
William K. Newton Executive | Chief Executive Officer | William K. Newton has served as the Chief Executive Officer of Concentra Group Holdings Parent, Inc. since 2015, and previously served as President until 2023 and as Chairman of the Board from 2018 to 2022. | View Report → | |
Cheryl Pegus Board | Director | Board Member at Boston Scientific Corporation; Partner at Morgan Health | Cheryl Pegus currently serves as a Director on Concentra's Board of Directors, having been appointed effective July 26, 2024. She brings extensive healthcare leadership experience from roles such as Executive Vice President of Health and Wellness at Walmart, Chief Medical Officer at Walgreens Company, and serves on the board of Boston Scientific Corporation. | |
Daniel J. Thomas Board | Director | Director at Select Medical ; Board Member at Healthcare Highways, Inc. ; Board Member at National Partners in Healthcare ; Board Member at Equalis Group LLC | Daniel J. Thomas serves as a Director at CON, sitting on the Audit and Compliance Committee (as Chair) and the Human Capital and Compensation Committee since June 13, 2024. He previously held executive roles including President, CEO, and COO at CON from 1993 through 2007. | |
Marc R. Watkins Board | Board Director | Chief Medical Officer of Kroger Health | Marc R. Watkins, MD, serves as a Board Director at Concentra since July 24, 2024. He has over five years of senior medical oversight experience at Concentra. | |
Robert A. Ortenzio Board | Director and Chair | Co-founder and Executive Chairman/Director of Select Medical | Robert A. Ortenzio currently serves as the Director and Chair at CON, having been appointed to the Board on June 13, 2024. He is also the Co-founder and Executive Chairman/Director of Select Medical, a role he has held since 2014, demonstrating his longstanding leadership in the healthcare industry. |
- Given the recent declines in Employer Services visits and only modest improvements expected, what specific strategies are you implementing to accelerate growth in this segment, and how confident are you in achieving flat to positive growth later in the year?
- With the integration of Nova Medical Centers expected to contribute only $15-plus million to 2025 adjusted EBITDA despite significant synergies, what are the primary challenges you foresee in realizing the full financial benefits of this acquisition?
- The Florida workers' compensation fee schedule update has positively impacted your revenue; are there other states with outdated fee schedules, and how might this affect your growth and expansion plans in those regions?
- Your guidance includes an increase in capital expenditures to $80 million to $90 million due to one-time spend on Nova centers; how will this elevated CapEx impact your margins and leverage goals, and can you balance investment with your deleveraging targets?
- As you near the end of your TSAs with Select Medical, how will the transition to stand-alone operations affect your G&A expenses, and what measures are you taking to manage potential increases in your cost structure?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
MBI Industrial Medicine | A regional occupational health group that has grown to operate in a few markets or states with 10-68 total locations, often backed by middle-market financial sponsors due to increased private equity participation in the occupational health services industry in recent years. |
Akeso Occupational Health | A regional occupational health group operating in limited markets or states with 10-68 total locations, reflecting the trend of private equity involvement in the occupational health services sector. |
Agile Occupational Medicine | A regional occupational health group with operations confined to a few markets or states, typically supported by middle-market financial sponsors. |
Kaiser Permanente | A larger hospital-operated occupational health group that competes in the occupational health services space, with greater scale and reach compared to typical hospital-owned clinics. |
Banner Health | A significant hospital-operated occupational health group that provides competition in the occupational health services market, often with a broader scale and reach. |
American Family Care Urgent Care | A consumer-focused urgent care provider offering occupational health services as an ancillary service line, leveraging its large size and scale to compete in the occupational health space despite lacking specialized expertise. |
CareNow Urgent Care | An urgent care provider that includes occupational health services as a secondary offering, using its extensive size and scale to compete in the occupational health market. |
Premise Health | A national company with hundreds of onsite health clinics focusing largely on primary care services but also offering occupational health services at employer worksites. |
Marathon Health | A national provider of onsite health clinics that primarily delivers primary care services but also includes occupational health services in its offerings. |
Medcor | A large onsite health provider focusing on occupational health services while also offering primary care services at employer worksites. |
Pivot Onsite Innovations | An onsite health provider specializing in occupational health services and also providing primary care services at employer worksites. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Nova Medical Centers | 2025 | Acquired for an all-cash purchase price of $265 million, funded with $102.1M in new debt, $50M available borrowing capacity, and cash on hand; the acquisition, effective March 1, 2025, expands Concentra’s network with 67 centers generating $130.3M LTM revenue and $28.3M LTM Adjusted EBITDA, delivering significant synergies and immediate Year 1 accretion while also increasing the Revolving Credit Facility from $400M to $450M. |
Occupational Health Center in Chicago, IL | 2024 | Completed in July 2024, this acquisition supports Concentra’s strategy to grow and integrate new locations into its existing network, further enhancing its footprint for both short- and long-term value creation. |
Recent press releases and 8-K filings for CON.
- Robust Q1 performance with revenue up 7.1% YoY and Adj. EBITDA increased by 6.8% YoY, driven by strategic acquisitions (Nova, PHC) and de novo openings.
- FY 2025 guidance raised to $2.1bn–$2.15bn in revenue and $415mm–$430mm in Adj. EBITDA, with a maintained quarterly dividend of $0.0625 per share.
- Ongoing focus on de-leveraging with targets of approximately 3.5x net leverage by year-end and 3.0x in the next 18–24 months.
- Concentra Group Holdings Parent, Inc. signed a definitive agreement to acquire Pivot Onsite Innovations as part of its strategic expansion in the occupational health space.
- The acquisition will bring a network of over 200 onsite health clinics across more than 40 states, effectively doubling the size of Concentra’s growing Onsite Health operating segment.
- The transaction is valued at approximately $55 million and is expected to close in the second quarter of 2025, with funding to be sourced from cash on hand and available borrowing capacity.