The mergers and acquisitions just keep coming. This time it is a healthcare company and not an insurance company buying technology as that has been most of the big news of late. BD
“Concentra is a leading health care company focused on improving America’s health, one patient at a time. Through its affiliated clinicians, the company provides occupational medicine, urgent care, physical therapy, and wellness service from more than 300 medical centers in 42 states. In addition to these medical center locations, Concentra serves employers by providing a broad range of health advisory services and operating more than 240 worksite medical facilities.”
LOUISVILLE, Ky.--(EON: Enhanced Online News)--Humana Inc. (NYSE: HUM) today announced it has completed its previously announced acquisition of Concentra Inc., a privately held health care company based in Addison, Texas, for approximately $790 million in cash.
Through its affiliated clinicians, Concentra delivers occupational medicine, urgent care, physical therapy and wellness services to workers and the general public from more than 300 medical centers in 42 states. Nearly 3 million Humana medical members live near a Concentra center. In addition to its medical center locations, Concentra serves employer customers by providing a broad range of health advisory services and operating more than 240 worksite medical facilities.
Humana’s consolidated revenues for the year ending December 31, 2011 are expected to increase by approximately $800 million in connection with this transaction. The company now expects consolidated earnings per diluted common share for the year ending December 31, 2011 of $5.45 to $5.65.