The leaders of the Occupational Health Services Company concentrates Group Holdings have signed an agreement to buy a regional chain that will increase its network of centers by almost 10 percent.
It concentrates Addison, Texas, plans to play $ 265 million in cash and debt for the US. Nova directs 67 sites in Texas, Georgia, Tennessee, Indiana and Wisconsin that provide care for workers’ compensation injuries, as well as physiotherapy, drug and alcohol detection services and physical exams prior to employment. It concentrates today executes 108 locations in the five states of Nova.
Nova was founded in Texas about three decades ago by ULF Rohde, who is still its president, and now sees more than one million patients annually. In the last 12 months, it has reserved around $ 130 million in revenues and approximately $ 28 million in adjusted profits before interest, depreciation and amortization.
“Nova’s key values reflect them,” said Concentra CEO Keith Newton, in a statement. “The cultural alliance between the two companies ensures that Nova’s customers will continue to experience exceptional service and attention provided with an approach to quality clinical care and customer experiences.”
Concentra leaders hope to close the acquisition at the end of this quarter. Adding the NOVA network will grow the company’s network to more than 770 occupational and clinical health centers on the site in 42 states. The transaction is expected to immediately sound to concentrate the gain, even before the planned cost savings integrate all Nova’s operations in mid -2026.
Together with the acquisition news, the executives issued prognosis of 2025 (including Nova) of approximately $ 2.1 billion in revenue and Ebitda adjusted of around $ 415 million.
Newton and his team last summer became public to concentra turning from Select Medical Holdings Corp. and raising more than $ 520 million. The company’s actions (Ticker: SCAM) They have struggled to gain ground since then, but investors liked the appearance of Nova’s agreement and the finance of the fourth quarter: concentra shares increased more than 6 percent to $ 23.60 on January 23, increasing the capitalization of Company market to the right of around $ 3 billion.
