m_and_a
confidence high
sentiment positive
materiality 0.65
Concentra closes $55M acquisition of Pivot Onsite Innovations, doubling onsite clinics to ~350
Concentra Group Holdings Parent, Inc.
- Acquired all equity of Onsite Innovations (Pivot Onsite) for $55M, using cash and revolver.
- Onsite Innovations operates ~200 clinics; combined Concentra Onsite Health now ~350 clinics across 40+ states.
- Key leaders Dr. Lawrence Goren, Scott Goren, and Paul Goren transition to Concentra Onsite Health.
- Acquisition financed with cash on hand and available revolver borrowing.
- Deal doubles size of Concentra Onsite Health segment, aligning with growth strategy.
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