Concentra Group Holdings Parent, Inc.

Concentra Group Holdings Parent, Inc. (CON) priced its initial public offering on Jul 26, 2024 at $23.50 per share, within its $23.00–$26.00 range, raising $528.8M, and listed on NYSE. At the IPO price its market capitalization was about $2.97B. J.P. Morgan was lead-left underwriter, joined by Goldman Sachs, BofA Securities and Deutsche Bank and others. Dechert advised the company and Latham & Watkins advised the underwriters.

Concentra Group Holdings Parent, Inc. is a provider of occupational health services in the United States, founded in 1979, serving employers and their workers. It delivers services across 45 states and the District of Columbia and offers a telemedicine program.

Status

IPO

Ticker

CON

Exchange

NYSE

Priced

Jul 26, 2024

IPO price

$23.50

Price range

$23.00–$26.00

Raised

$528.8M

Market cap at IPO price

$2.97B

First filed

Jun 14, 2024

Underwriters

J.P. Morgan, Goldman Sachs, BofA Securities, Deutsche Bank, Wells Fargo, Mizuho, RBC Capital Markets, Truist, Capital One, Fifth Third and PNC

Company counsel

Dechert

Underwriters' counsel

Latham & Watkins

Sector

Healthcare

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.