Concentra has advanced above its near-term resistance ceiling with no upside remaining and a negative risk/reward, while two deep revenue concentration risks — a single service category (occupational health) accounting for 93% of revenue and a single payer class (workers' compensation carriers) supplying 61% — limit the margin of safety at current prices.
Thesis pillars
- Workers Comp Carrier Customer Concentration↓Deteriorating
- Overbought Momentum Elevated Implied Volatility↓Deteriorating
- Price Above Resistance Ceiling↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026
Concentra Group Holdings Parent (CON) Stock Analysis
Healthcare · Medical Care Facilities
Sell if holding. At $40.59, A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: occupational health centers (93.0%); Concentration risk — Customer: workers' compensation insurance carriers (60.9%).
Concentra Group Holdings Parent is the largest U.S. occupational health services provider by number of locations, operating 628 stand-alone occupational health centers in 41 states and 411 onsite health clinics at employer worksites in 44 states. Revenue was $2,163.4 million in... Read more
Sell if holding. At $40.59, A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: occupational health centers (93.0%); Concentration risk — Customer: workers' compensation insurance carriers (60.9%). Chart setup: No clear chart pattern; technical signals are mixed. Score 6.0/10, moderate confidence.
Passes 4/7 gates (positive momentum, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 7d<=7d. Suitability: moderate.
About Concentra Group Holdings Parent
About Concentra Group Holdings Parent
Concentra Group Holdings Parent operated 628 stand-alone occupational health centers in 41 states and 411 onsite health clinics at employer worksites in 44 states at year-end 2025, serving approximately 53,000 patients each business day on average. The company generated $2,163.4 million in revenue during 2025, with 93% from occupational health centers, 5% from onsite health clinics, and 2% from other businesses including Concentra Telemed and Concentra Pharmacy.
Revenue flows through two primary payer channels: workers' compensation insurance carriers and third-party administrators contributed 60.9% of 2025 revenue, and direct employer services contributed 37.6%, with commercial insurance (including Medicare and Medicaid at less than 1%) making up the remainder. The occupational health centers deliver workers' compensation injury care, physical examinations, drug and alcohol screenings, and vaccinations to employers of all sizes, including 100% of the Fortune 100. Two acquisitions completed in 2025 expanded the network: Nova Medical Centers — 67 centers in five states, acquired March 1, 2025, for $265 million — and Pivot Onsite Innovations — over 240 onsite clinics, acquired June 1, 2025, for $54.4 million. Reimbursement rates for workers' compensation services are set by state fee schedules in 38 states and the District of Columbia, with maximums established by state commissions that Concentra cannot influence.
Show full overview
State workers' compensation fee schedules govern reimbursement in 38 states and the District of Columbia, and the 10-K notes that those commissions may reduce prescribed rates through fee schedule modifications without the company's input. Historically, reimbursement rate growth for workers' compensation visits averaged approximately 3% annually from 2016 to 2025 per company data. The employer services channel — contributing 37.6% of revenue — carries market-based pricing the filing characterizes as substantially lower than workers' compensation reimbursement rates, limiting the margin offset available if state fee schedules soften.
See also: Healthcare · Medical Care Facilities
From Concentra Group Holdings Parent's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated 2026-10-29Recent Developments — Concentra Group Holdings Parent
Latest news
- NEWS Concentra Group Holdings Parent, Inc. (NYSE: CON) director sells 130,000 shares - Stock Titan — Stock Titan negative
- NEWS Major Insider Cashes Out in High-Value Concentra Stock Move - TipRanks — TipRanks negative
- NEWS Concentra Group Holdings Parent Inc (CON) Valuation: PE, PB & Fair Value Analysis - TradingKey — TradingKey neutral
- NEWS Concentra Group Holdings Parent Inc (CON) Technical Analysis: Support, Resistance, Indicators & Moving Averages - Tradin — TradingKey neutral
- NEWS Concentra Group Holdings Parent Inc (CON) Technical Analysis: Support, Resistance, Indicators & Moving Averages - tradin — tradingkey.com neutral
Generated 2026-10-29T11:08:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductoccupational health centers93%10-K Item 1: 'with approximately 93% from occupational health centers, approximately 5% from onsite health clinics, and approximately 2% from other businesses'
- HIGHCustomerworkers' compensation insurance carriers61%10-K Item 1: 'Workers' compensation insurance carriers, workers' compensation third-party administrators and self-insured employers ... 60.9 | %'
Material Events(8-K, last 90d)
- 2026-04-14Item 5.02MEDIUMDr. John Anderson (EVP and Chief Medical Officer) notified retirement effective December 31, 2026. Company expects to enter consulting agreement with Dr. Anderson for transition support. No disagreement cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $40.59, A.R:R is negative (-0.7) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: occupational health centers (93.0%); Concentration risk — Customer: workers' compensation insurance carriers (60.9%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $38.69. Score 6.0/10, moderate confidence.
Analyst target $36.54 reached (−10.0% from $40.59); no take-profit level is published. Prior stop was $38.69. Stop-loss: $38.69.
Concentration risk — Product: occupational health centers (93.0%); Concentration risk — Customer: workers' compensation insurance carriers (60.9%); Analyst target reached - limited upside remaining.
Concentra Group Holdings Parent trades at a P/E of 26.2 (forward 22.0). TrendMatrix value score: 6.1/10. Verdict: Sell.
13 analysts cover CON with a consensus score of 4.2/5. Average price target: $42.
What does Concentra Group Holdings Parent do?Concentra Group Holdings Parent is the largest U.S. occupational health services provider by number of locations,...
Concentra Group Holdings Parent is the largest U.S. occupational health services provider by number of locations, operating 628 stand-alone occupational health centers in 41 states and 411 onsite health clinics at employer worksites in 44 states. Revenue was $2,163.4 million in 2025, with 93% from occupational health centers; 60.9% of revenue came from workers' compensation insurance carriers and third-party administrators.