TacticScaleWhat Concentra Group Holdings Parent Does & How It Makes Money (CON)
Updated October 2026 · reflects Concentra Group Holdings Parent's latest reported financials
U.S. provider of occupational health and workplace medical services. Concentra earns fees from employers, workers' compensation payers, and consumers for injury care, exams, testing, and preventive services at its occupational health centers, plus revenue from running employer-sponsored onsite clinics.
How Concentra Group Holdings Parent makes money
Concentra earns fees from employers, workers' compensation payers, and consumers for injury care, exams, testing, and preventive services at its occupational health centers, plus revenue from running employer-sponsored onsite clinics. Smaller revenue streams come from telemedicine, repackaged medication distribution, and drug-testing program administration.
What Concentra Group Holdings Parent does
Concentra Group Holdings Parent, Inc. is a U.S. occupational health company founded in 1979 and based in Addison, Texas. It reports three segments: Occupational Health centers, Onsite health clinics, and Other business. Its centers provide workers' compensation injury care, employer services such as physical exams, drug and alcohol screenings, clinical testing, and vaccinations, as well as consumer, urgent, and primary care. Through onsite clinics, Concentra delivers employer-sponsored primary care at the workplace, including mobile health and episodic specialty testing. Its other businesses include Concentra Telemed, a telemedicine platform for work-related injuries and illnesses; Concentra Pharmacy, which distributes repackaged medications; and Concentra Medical Compliance Administration, a third-party administrator that manages drug and alcohol testing programs for employers. It also offers consulting services to help protect employees from workplace hazards.
Products & services
- Occupational Health Centers
- Onsite Health Clinics
- Concentra Telemed
- Concentra Pharmacy
- Concentra Medical Compliance Administration
- Drug and alcohol screening
What is Concentra Group Holdings Parent worth?
On an owner-earnings DCF, Concentra Group Holdings Parent's most-likely value is about $38 versus a recent price near $37 (1% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$20) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 7.4× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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