Concentra completes IPO, enters $1.25B credit facility and issues $650M notes

Concentra Group Holdings Parent, Inc.

Completed IPO of 22.5M shares at $23.50/share, net proceeds ~$499.7M.
Net proceeds used to repay intercompany debt to parent Select Medical.
Entered $1.25B senior secured credit facilities ($850M term loan, $400M revolver).
Issued $650M 6.875% senior notes due 2032; assumed by CHSI after merger.
Appointed Drs. Cheryl Pegus and Marc R. Watkins to board effective July 26, 2024.

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