Addison, TX – Concentra recently announced it has completed the first two investments of its recently launched venture capital arm, Concentra Ventures.
Concentra Ventures partners with innovative entrepreneurs to accelerate next generation technology and solutions for companies within the workforce health care ecosystem. With the ability to access and maximize Concentra’s unmatched resources – including 300,000+ employer relationships and a nationwide network of 650+ medical facilities – Concentra Ventures seeks to make strategic investments and partnerships that complement the company’s portfolio of service offerings and expand its value to employers and their employees.
The two minority investments were completed in Q4 2021 and Q1 2022, establishing a capital commitment in and strategic relationship with leading companies in the occupational health services ecosystem.
“Concentra has always been at the forefront of the workers’ compensation industry with 40+ years of experience providing vital occupational health services,” said Matthew DiCanio, executive vice president, chief development and strategy officer of Concentra. “Our goal is to partner with other world-class organizations and entrepreneurs, leveraging our knowledge and resources to advance the quality of service we provide to our customers and care we provide to their employees.”
After decades of measured steps designed to ensure employers have access to high-caliber medical and therapy clinicians, Concentra has grown to more than 515 medical centers and 135 onsite clinics across the country. Offering work injury treatment, preventive services, physical exams, physical therapy, and more, Concentra has earned a reputation for excellence providing patient-centered care that delivers exceptional clinical outcomes and workers’ compensation claim cost savings.
“Concentra’s industry-leading position has inspired company leadership to identify and partner with companies that create transformative services and solutions to help improve the health care of employees,” said Dr. John Anderson, executive vice president, chief medical officer at Concentra.
Concentra Ventures will entertain opportunities for investment with ownership interest at various levels to help shape the health care landscape of the future, an important next step for Concentra and the industry on the whole.
“We firmly believe that by leveraging Concentra’s resources and industry expertise, we can be a positive force within and beyond the workers’ compensation industry,” said DiCanio. “Through Concentra Ventures, we can further Concentra’s mission of improving the health of America’s workforce, one patient at a time.”