Today’s issue of WorkCompRecap features the recent announcement from Humana that it has signed a definitive agreement to sell wholly-owned subsidiary Concentra to specialty hospital & outpatient rehabilitation clinic operator Select Medical Holdings and private equity fund Welsh Carson. The cash sale is valued at $1.055 billion.
Humana noted that its decision to divest Concentra was based on a previously announced business portfolio review and strategy refocusing, as it sees its primary care platform advancing its integrated care delivery model better than Concentra’s focus on occupational injuries. Concentra was originally acquired by Humana in 2010, and treats over 14% of all work-related injuries nationwide, with 2014 reported revenues coming it at approximately $1 billion.
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