Concentra Group Holdings Parent, Inc. Files 10-Q
Ticker: CON · Form: 10-Q · Filed: Aug 27, 2024 · CIK: 2014596
Sentiment: neutral
Topics: 10-Q, financials, healthcare
TL;DR
**Concentra Group Holdings Parent, Inc. filed its Q2 2024 10-Q. Check financials.**
AI Summary
Concentra Group Holdings Parent, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational aspects for the company, which is part of Select Medical Corporation. Key financial data and disclosures relevant to investors are presented in this report.
Why It Matters
This 10-Q filing provides crucial financial and operational updates for Concentra Group Holdings Parent, Inc., offering insights into its performance and any potential risks or developments for stakeholders.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information and disclosures that could reveal material changes or risks for the company.
Key Players & Entities
- Concentra Group Holdings Parent, Inc. (company) — Filer of the 10-Q
- Select Medical Corporation (company) — Parent company or related entity
- 20240630 (date) — End of reporting period
- 20240827 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended June 30, 2024.
Who is the filer of this 10-Q report?
The filer is Concentra Group Holdings Parent, Inc.
What is the SEC file number for this filing?
The SEC file number is 001-42188.
What is the business address of Concentra Group Holdings Parent, Inc.?
The business address is C/O Select Medical Corporation, 4714 Gettysburg Rd., P.O. Box 2034, Mechanicsburg, PA 17055.
What is the fiscal year end for Concentra Group Holdings Parent, Inc.?
The fiscal year end for Concentra Group Holdings Parent, Inc. is December 31.
Filing Stats: 4,553 words · 18 min read · ~15 pages · Grade level 16.4 · Accepted 2024-08-27 16:32:12
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share CON New York Stock Exchange
Filing Documents
- cghp-20240630.htm (10-Q) — 966KB
- cghp-630202410qxex311.htm (EX-31.1) — 12KB
- cghp-630202410qxex312.htm (EX-31.2) — 11KB
- cghp-630202410qxex321.htm (EX-32.1) — 7KB
- 0001628280-24-038538.txt ( ) — 4846KB
- cghp-20240630.xsd (EX-101.SCH) — 29KB
- cghp-20240630_cal.xml (EX-101.CAL) — 63KB
- cghp-20240630_def.xml (EX-101.DEF) — 155KB
- cghp-20240630_lab.xml (EX-101.LAB) — 446KB
- cghp-20240630_pre.xml (EX-101.PRE) — 319KB
- cghp-20240630_htm.xml (XML) — 504KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 15 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 28 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 28 PART II OTHER INFORMATION 29 ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 29 ITEM 1A.
RISK FACTORS
RISK FACTORS 29 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 29 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 29 ITEM 4. MINE SAFETY DISCLOSURES 29 ITEM 5. OTHER INFORMATION 29 ITEM 6. EXHIBITS 30
SIGNATURES
SIGNATURES Table of Contents Concentra Group Holdings Parent, Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands, except per share amounts) June 30, 2024 December 31, 2023 ASSETS Current Assets: Cash $ 50,669 $ 31,374 Accounts receivable 228,964 216,194 Prepaid income taxes 2,010 7,979 Other current assets 38,663 38,871 Total Current Assets 320,306 294,418 Operating lease right-of-use assets 399,464 397,852 Property and equipment, net 186,879 178,370 Goodwill 1,233,406 1,229,745 Customer relationships 105,459 117,259 Other identifiable intangible assets, net 107,409 107,510 Other assets 10,415 8,406 Total Assets $ 2,363,338 $ 2,333,560 LIABILITIES AND EQUITY Current Liabilities: Current operating lease liabilities 73,517 72,946 Current portion of long-term debt and notes payable 4,682 1,455 Accounts payable 23,674 20,413 Due to related party 4,360 3,354 Accrued and other liabilities 158,920 176,466 Total Current Liabilities 265,153 274,634 Non-current operating lease liabilities 359,736 357,310 Long-term debt, net of current portion 3,048 3,291 Long-term debt with related party 420,000 470,000 Non-current deferred tax liability 21,994 23,364 Other non-current liabilities 23,015 27,522 Total Liabilities 1,092,946 1,156,121 Commitments and contingencies (Note 11) Redeemable non-controlling interests 18,410 16,477 Members' contributed capital — 470,303 Common stock, $ 0.01 par value, 447,081 shares authorized, 104,094 shares issued and outstanding at June 30, 2024 1,041 — Capital in excess of par 461,520 — Retained earnings 784,217 685,293 Total Stockholders' Equity (Members' Equity at December 31, 2023) 1,246,778 1,155,596 Non-controlling interests 5,204 5,366 Total Equity 1,251,982 1,160,962 Total Liabilities and Equity $ 2,363,338 $ 2,333,560 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents Concentra Group Holdings Paren