Concentra Group Holdings Parent, Inc. Files Q3 2024 10-Q
Ticker: CON · Form: 10-Q · Filed: Nov 6, 2024 · CIK: 2014596
Sentiment: neutral
Topics: 10-Q, financials, healthcare
TL;DR
CGHP Q3 10-Q filed. Financials and ops update for specialty outpatient facilities.
AI Summary
Concentra Group Holdings Parent, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the company, which operates specialty outpatient facilities. Specific financial figures and operational metrics are provided within the report.
Why It Matters
This filing provides investors and stakeholders with an update on Concentra Group Holdings Parent, Inc.'s financial health and operational status for the third quarter of 2024.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information and operational disclosures that could impact investment decisions, warranting a medium risk level.
Key Numbers
- 0.233 — Shares Outstanding (Represents the number of shares for the reporting period.)
Key Players & Entities
- Concentra Group Holdings Parent, Inc. (company) — Filer of the 10-Q
- Select Medical Corporation (company) — Address for Concentra Group Holdings Parent, Inc.
- 20240930 (date) — End of reporting period
- 20241106 (date) — Filing date
FAQ
What is the primary business of Concentra Group Holdings Parent, Inc.?
Concentra Group Holdings Parent, Inc. operates specialty outpatient facilities, as indicated by its Standard Industrial Classification code [8093].
What is the reporting period for this 10-Q filing?
The 10-Q filing covers the period ending September 30, 2024.
When was this 10-Q filing submitted to the SEC?
The filing was submitted on November 6, 2024.
Who is listed as the contact for Concentra Group Holdings Parent, Inc.'s business address?
The business address is listed as C/O Select Medical Corporation, located at 4714 Gettysburg Rd., P.O. Box 2034, Mechanicsburg, PA 17055.
What is the fiscal year end for Concentra Group Holdings Parent, Inc.?
The company's fiscal year ends on December 31.
Filing Stats: 4,520 words · 18 min read · ~15 pages · Grade level 16.6 · Accepted 2024-11-06 11:59:35
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share CON New York Stock Exchange
Filing Documents
- cghp-20240930.htm (10-Q) — 1098KB
- cghp-930202410qxex311.htm (EX-31.1) — 12KB
- cghp-930202410qxex312.htm (EX-31.2) — 11KB
- cghp-930202410qxex321.htm (EX-32.1) — 7KB
- 0001628280-24-045543.txt ( ) — 5696KB
- cghp-20240930.xsd (EX-101.SCH) — 37KB
- cghp-20240930_cal.xml (EX-101.CAL) — 73KB
- cghp-20240930_def.xml (EX-101.DEF) — 215KB
- cghp-20240930_lab.xml (EX-101.LAB) — 511KB
- cghp-20240930_pre.xml (EX-101.PRE) — 365KB
- cghp-20240930_htm.xml (XML) — 641KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 17 ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 30 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 30 PART II OTHER INFORMATION 31 ITEM 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 31 ITEM 1A.
RISK FACTORS
RISK FACTORS 31 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 31 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 31 ITEM 4. MINE SAFETY DISCLOSURES 31 ITEM 5. OTHER INFORMATION 31 ITEM 6. EXHIBITS 32
SIGNATURES
SIGNATURES Table of Contents Concentra Group Holdings Parent, Inc. Condensed Consolidated Balance Sheets (unaudited) (in thousands, except per share amounts) September 30, 2024 December 31, 2023 ASSETS Current Assets: Cash $ 136,822 $ 31,374 Accounts receivable 232,202 216,194 Prepaid income taxes 10,139 7,979 Other current assets 30,794 38,871 Total Current Assets 409,957 294,418 Operating lease right-of-use assets 430,133 397,852 Property and equipment, net 191,099 178,370 Goodwill 1,234,707 1,229,745 Customer relationships 101,812 117,259 Other identifiable intangible assets, net 107,359 107,510 Other assets 5,975 8,406 Total Assets $ 2,481,042 $ 2,333,560 LIABILITIES AND EQUITY Current Liabilities: Current operating lease liabilities $ 74,411 $ 72,946 Current portion of long-term debt and notes payable 9,737 1,455 Accounts payable 21,030 20,413 Due to related party 7,753 3,354 Accrued and other liabilities 156,590 176,466 Total Current Liabilities 269,521 274,634 Non-current operating lease liabilities 391,037 357,310 Long-term debt, net of current portion 1,472,610 3,291 Long-term debt with related party — 470,000 Non-current deferred tax liability 22,454 23,364 Other non-current liabilities 24,188 27,522 Total Liabilities 2,179,810 1,156,121 Commitments and contingencies (Note 12) Redeemable non-controlling interests 18,122 16,477 Members' contributed capital — 470,303 Common stock, $ 0.01 par value, 700,000,000 shares authorized, 127,343,503 shares issued and outstanding at September 30, 2024 1,273 — Capital in excess of par 276,507 — Retained earnings — 685,293 Total Stockholders' Equity (Members' Equity at December 31, 2023) 277,780 1,155,596 Non-controlling interests 5,330 5,366 Total Equity 283,110 1,160,962 Total Liabilities and Equity $ 2,481,042 $ 2,333,560 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 Table of Contents Concentra Group Hol