Concentra Group Holdings Parent, Inc. (CON) is the largest provider of occupational health services in the U.S., operating 628 stand-alone occupational health centers in 41 states and 411 onsite health clinics in 44 states as of December 31, 2025. Revenue for the year ended December 31, 2025, increased by 13.9% to $2,163.4 million, up from $1,900.2 million in 2024. Adjusted EBITDA grew by 14.6% to $431.9 million in 2025, compared to $376.9 million in 2024, with Adjusted EBITDA margin at 20.0%. Net income attributable to the Company was $166.4 million in 2025, a slight decrease from $166.5 million in 2024, while Adjusted Net Income Attributable to the Company increased to $176.0 million from $168.5 million. Total patient visits increased by 7.3% to 13.5 million in 2025, with Workers Compensation visits up 7.3% and Employer Services visits up 7.7%. The company completed two significant acquisitions in 2025: Nova Medical Centers for $265.0 million (adding 67 occupational health centers) and Pivot Onsite Innovations for $54.4 million (adding over 240 onsite health clinics). Voluntary repayments of $85.0 million were made on the Revolving Credit Facility, resulting in no outstanding borrowings as of December 31, 2025. A share repurchase program was authorized on November 5, 2025, for up to $100 million of common stock, with $20.0 million repurchased in 2025, leaving $80.0 million authorized. Quarterly cash dividends of $0.0625 per share were declared and paid throughout 2025, totaling $32.1 million. The company's stock performance from July 25, 2024, to December 31, 2025, showed a decline of 11.14%, underperforming the S&P 500 (+26.79%) and S&P Health Care Services Select Industry Index (+10.42%). The company is subject to several legal proceedings, including investigations by the DOJ and California Department of Insurance related to physical therapy billing, and class action lawsuits stemming from a third-party data breach (PJ&A).