Urgent care operator Concentra Group Holdings Parent Inc. is aiming to go public after filing a confidential draft registration statement with the Securities...
The Addison company plans to separate from its parent group, Select Medical Holdings Corp., by the end of the yearUrgent care operator Concentra Group Holdings Parent Inc. is aiming to go public after filing a confidential draft registration statement with the Securities and Exchange Commission, the company announced Monday., a subsidiary of Select Medical Holdings Corp., said the number of shares and price range for the proposed initial public offering have yet to be determined.
The subsidiary employs roughly 11,400 people,At the beginning of the year, Select Medical Holdings disclosed plans to separate from Concentra, creating two independent and publicly traded companies. Select Medical Holdings expects to complete the separation in late 2024.Select Medical Holdings reported revenue of $6.66 billion in 2023, with Concentra accounting for 28%, or about $1.87 billion, of that revenue, according to. Marin Wolf is a health care reporter for the Dallas Morning News.
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