Concentra Group Holdings Parent, Inc. Reports Change in Control
Ticker: CON · Form: 8-K · Filed: Nov 26, 2024 · CIK: 2014596
Sentiment: neutral
Topics: change-of-control, acquisition
TL;DR
Concentra Group Holdings Parent, Inc. is changing hands, deal closes Nov 25, 2024.
AI Summary
On November 25, 2024, Concentra Group Holdings Parent, Inc. filed an 8-K report indicating a change in control. The filing details the acquisition of Concentra Group Holdings Parent, Inc. by an undisclosed entity, with the transaction expected to close on November 25, 2024. The report also includes financial statements and exhibits related to this change in control.
Why It Matters
This filing signals a significant ownership change for Concentra Group Holdings Parent, Inc., which could impact its operations, strategy, and future market position.
Risk Assessment
Risk Level: medium — A change in control can introduce uncertainty regarding future business strategies and financial performance.
Key Players & Entities
- Concentra Group Holdings Parent, Inc. (company) — Registrant
- November 25, 2024 (date) — Date of Earliest Event Reported
- Delaware (jurisdiction) — State of Incorporation
- 30-1006613 (tax_id) — I.R.S. Employer Identification No.
- 001-42188 (commission_file_number) — Commission File Number
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a change in control of Concentra Group Holdings Parent, Inc.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on November 25, 2024.
In which state is Concentra Group Holdings Parent, Inc. incorporated?
Concentra Group Holdings Parent, Inc. is incorporated in Delaware.
What is the IRS Employer Identification Number for Concentra Group Holdings Parent, Inc.?
The IRS Employer Identification Number for Concentra Group Holdings Parent, Inc. is 30-1006613.
What is the Commission File Number for Concentra Group Holdings Parent, Inc.?
The Commission File Number for Concentra Group Holdings Parent, Inc. is 001-42188.
Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-11-26 17:12:05
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share CON New York St
Filing Documents
- tm2429403d1_8k.htm (8-K) — 27KB
- tm2429403d1_ex99-1.htm (EX-99.1) — 7KB
- tm2429403d1_ex99-1img001.jpg (GRAPHIC) — 22KB
- 0001104659-24-123175.txt ( ) — 280KB
- con-20241125.xsd (EX-101.SCH) — 3KB
- con-20241125_def.xml (EX-101.DEF) — 26KB
- con-20241125_lab.xml (EX-101.LAB) — 35KB
- con-20241125_pre.xml (EX-101.PRE) — 24KB
- tm2429403d1_8k_htm.xml (XML) — 5KB
01 Changes in Control of Registrant
Item 5.01 Changes in Control of Registrant. On November 25, 2024, Select Medical Holdings Corporation ("Select") announced that it had completed the previously announced spin-off of Concentra Group Holdings Parent, Inc. ("Concentra") by means of a special stock distribution of 104,093,503 shares of Concentra's common stock that had been owned by Select Medical Corporation to Select's stockholders as of the close of business on November 18, 2024 (the "Record Date"). The distribution of the special stock distribution (the "Distribution") was made on November 25, 2024. Based on the number of shares of Select's common stock outstanding as of the Record Date, Select's stockholders received 0.806971 shares of Concentra's common stock for every share of Select's common stock held as of the close of business on the Record Date. No fractional shares of Concentra's common stock were distributed. Instead, Select's stockholders will receive cash in lieu of any fraction of a share of Concentra's common stock that they otherwise would have received. Prior to the Distribution, Select owned approximately 81.7% of the outstanding shares of Concentra's common stock. Following the completion of the Distribution, Select no longer owns any shares of Concentra's common stock. A copy of Concentra's press release announcing the completion of the Distribution is attached as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated herein by reference. Item9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Concentra Group Holdings Parent, Inc., dated November 25, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CONCENTRA GROUP HOLDINGS PARENT, INC. Date: November 26, 2024 By: /s/