Concentra Group Holdings Parent raised full-year 2026 guidance after strong Q1 results driven by workers’ compensation growth and acquisitions.
Concentra Group Holdings Parent reported Q1 2026 revenue of $569.6 million, a 13.7% year-over-year increase, while adjusted EBITDA rose 17.6% to $120.7 million. Margins improved to 21.2%, supported by higher workers’ compensation volumes, acquisitions, and cost control.
Revenue climbed from $500.8 million in the prior-year quarter, with workers’ compensation visits and onsite clinic revenue surging. The Pivot acquisition contributed to a 125% jump in onsite health clinic revenue, while integration efforts remain ahead of schedule.
Management raised full-year guidance for revenue, adjusted EBITDA, and free cash flow, citing strong performance. Net leverage is expected to fall below 3x by year-end due to higher cash generation.