Form 8-K

8-K — Concentra Group Holdings Parent, Inc.

Accession: 0002014596-26-000055

Filed: 2026-08-06

Period: 2026-08-05

CIK: 0002014596

SIC: 8093 (SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC)

Item: Results of Operations and Financial Condition

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — cghp-20260805.htm (Primary)

EX-99.1 (cghpearningsrelease-6302026.htm)

EX-99.2 (concentrainvestorpresent.htm)

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8-K

8-K (Primary)

Filename: cghp-20260805.htm · Sequence: 1

cghp-20260805

FALSE000201459600020145962026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

FORM 8-K

_______________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 5, 2026

_______________

CONCENTRA GROUP HOLDINGS PARENT, INC.

(Exact Name of Registrant as Specified in Its Charter)

_______________

001-42188

(Commission File Number)

Delaware

30-1006613

(State or Other Jurisdiction of Incorporation)

(I.R.S. Employer Identification No.)

5080 Spectrum Drive, Suite 1200W

Addison, TX, 75001

(Address of principal executive offices) (Zip code)

(972) 364-8000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

CON

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 6, 2026, Concentra Group Holdings Parent, Inc. (the “Company”) issued a press release announcing its financial results for its second quarter ended June 30, 2026. A copy of the press release and financial schedules are attached as Exhibit 99.1 to this report and incorporated herein by reference.

The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 4, 2026, Keith Newton, Chief Executive Officer of the Company and member of the Company’s Board of Directors (the “Board”), notified the Board of his intent to resign from the role of Chief Executive Officer, effective November 1, 2026, and transition to Executive Chairman of the Board. Additionally, Robert Ortenzio, the Chair of the Board, has notified the Board of his intent to resign from the role of Chair of the Board while continuing to serve as a director of the Board, effective as of November 1, 2026.

In connection with this transition, on August 5, 2026, the Board approved the addition of one seat to the Board and appointed Matthew DiCanio, who currently serves as President and Chief Financial Officer, to succeed Mr. Newton as (i) President and Chief Executive Officer and (ii) a Class III director of the Board, both effective as of November 1, 2026.

Biographical information about Mr. DiCanio is included under the heading “Executive Officers of the Registrant” in the Company’s Form 10-K for the year ended December 31, 2025 and is incorporated by reference herein.

As of the date of this Current Report on Form 8-K, no compensation determinations have been made related to Mr. DiCanio’s promotion discussed above.

The Company expects to announce its chief financial officer succession plan prior to the leadership transition taking effect on November 1, 2026.

A further description of this transition is included in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

Attached as Exhibit 99.2 and furnished for purposes of Regulation FD is a presentation published by the Company on August 6, 2026, in connection with its press release announcing its financial results for its second quarter ended June 30, 2026.

The information in this Current Report on Form 8-K (including Exhibit 99.2) is being furnished solely to satisfy the requirements of Regulation FD and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act.

Item 8.01 Other Events.

Dividend Declaration

On August 5, 2026, the Board of Directors declared a cash dividend of $0.0625 per share. The dividend will be payable on or about August 28, 2026, to stockholders of record as of the close of business on August 20, 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

Description

99.1

Press Release, dated August 6, 2026, announcing financial results for the second quarter ended June 30, 2026 and leadership transition.

99.2

Concentra Group Holdings Parent Inc. Presentation.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CONCENTRA GROUP HOLDINGS PARENT, INC.

Date: August 6, 2026

By:

/s/ Timothy Ryan

Timothy Ryan

Executive Vice President and Chief Legal Counsel

EX-99.1

Filename: cghpearningsrelease-6302026.htm · Sequence: 2

Document

NEWS RELEASE

FOR IMMEDIATE RELEASE

Concentra Group Holdings Parent, Inc. Announces Results

For Its Second Quarter Ended June 30, 2026 and Raises FY 2026 Guidance

Matt DiCanio to become president and CEO and

Keith Newton to transition to executive chairman, effective Nov. 1, 2026

DALLAS, TEXAS — August 6, 2026 — Concentra Group Holdings Parent, Inc. (“Concentra”, the “Company”, “we”, “us”, or “our”) (NYSE: CON), the nation’s largest provider of occupational health services by number of locations, today announced results for the second quarter ended June 30, 2026, declaration of a cash dividend, and raised its full-year 2026 guidance. The quarter included revenue growth of 10.0%, net income attributable to the Company growth of 46.5%, Adjusted EBITDA growth of 22.5% and a net leverage ratio of 2.99x.

As part of a multiyear succession process unanimously approved by Concentra’s board of directors (the “Board”), effective as of November 1, 2026, (i) Matt DiCanio, president and chief financial officer, will become Concentra’s president and chief executive officer and serve as a Class III director on the Board, and (ii) Keith Newton will transition from chief executive officer and director to executive chairman of the Board. Additionally, Robert Ortenzio has notified the Board of his intent to resign from the role of chairman of the Board while continuing to serve as a director on the Board, effective as of November 1, 2026. The planned succession is designed to provide leadership continuity and support continued execution of the Company’s strategy.

“Leading Concentra and our dedicated colleagues over the last decade has been a tremendous privilege, and I am proud of what we have built together a leader in occupational health,” said Keith Newton. “Our momentum reflects clear priorities and a team committed to delivering results. Matt has been instrumental in shaping that strategy and driving Concentra’s performance, making this the right time to transition leadership.”

Matt DiCanio added, “Our strong performance reflects the strength of our strategy, our operating model and our people. As CEO, my priorities are to: deliver high-quality care, create meaningful value for customers and patients, and pursue disciplined growth. As Concentra approaches its 50th year, our experienced leadership team, operating leverage, and steadfast commitment to our mission position us well for continued growth.”

Second Quarter 2026 Highlights

•Revenue of $606.0 million, an increase of 10.0% from $550.8 million in Q2 2025

•Net income of $67.3 million, an increase of 45.7% from $46.2 million in Q2 2025

•Net income attributable to the Company of $65.3 million, and Adjusted Net Income Attributable to the Company of $66.7 million, an increase of 46.5% and 39.7% over prior year, respectively

•Earnings per share of $0.51 and Adjusted Earnings per Share of $0.52, an increase of $0.16 and $0.15 over prior year, respectively

•Adjusted EBITDA of $140.9 million, an increase of 22.5% from $115.0 million in Q2 2025

•Patient visits of 3,610,934, or 56,421 visits per day, an increase of 2.6% from 55,005 visits per day in Q2 2025

•Revenue per visit of $152.67, an increase of 4.6% from $145.92 in Q2 2025

•Net cash provided by operating activities of $135.2 million and Free Cash Flow of $121.0 million, an increase of 53.0% and 91.6% over prior year, respectively

•Capital expenditures of $15.7 million, a decrease of 37.9% from $25.2 million in Q2 2025

•Repurchases of approximately 0.4 million shares of common stock totaling $11.0 million

•Cash balance of $158.0 million and a net leverage ratio of 2.99x

•Total occupational health centers of 633, compared to 628 at the end of Q2 2025

•Opened one de novo occupational health center

•Total onsite health clinics of 415, compared to 406 at the end of Q2 2025

The definition of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA are presented in table X of this release. The definition of Adjusted Earnings per Share and a reconciliation of net income attributable to the Company and earnings per share on a fully diluted basis to Adjusted Net Income Attributable to the Company and Adjusted Earnings per Share on a fully diluted basis are presented in table XI of this release. The definition of Free Cash Flow and a reconciliation of net cash provided by operating activities to Free Cash Flow are presented in table XII of this release.

Balance Sheet

As of June 30, 2026, our balance sheet reflected cash of $158.0 million, total debt of $1,573.6 million and total assets of $3,010.3 million. Concentra’s net leverage ratio as of June 30, 2026 was 2.99x, which was in compliance with the financial covenant under our credit agreement.

Cash Flow

Cash flows provided by operating activities in the second quarter ended June 30, 2026 totaled $135.2 million compared to $88.4 million for the same quarter of the prior year. The increase in year-over-year cash flow from operations was primarily due to an increase in net income from organic growth and through acquisitions and de novos, as well as year-over-year variances in timing associated with payments of current liabilities. During the second quarter ended June 30, 2026, cash flow from investing activities resulted in cash used of $14.2 million, including capital expenditures of $15.7 million, partially offset by proceeds from sale of assets of $1.5 million. Concentra had Free Cash Flow of $121.0 million in the second quarter ended June 30, 2026, compared to $63.2 million for the same quarter of the prior year. Cash flow from financing activities used $24.7 million for the quarter, driven primarily by $11.0 million in repurchases of shares of common stock and $8.0 million in dividend payments. This resulted in a net increase in cash of $96.3 million for the quarter.

Dividend

On August 5, 2026, the Board declared a cash dividend of $0.0625 per share. The dividend will be payable on or about August 28, 2026, to stockholders of record as of the close of business on August 20, 2026.

There is no assurance that future dividends will be declared. The declaration and payment of dividends in the future are at the discretion of the Board after taking various factors into account, including, but not limited to, the Company’s financial condition, operating results, available cash and current and anticipated cash needs, the terms of indebtedness, and other factors the Board may deem to be relevant.

Leadership Transition

As executive chairman, Keith Newton will continue to support strategic initiatives and leadership development, while providing continuity through the transition. Newton has served as Concentra’s chief executive officer for the past decade, helping establish the Company as the nation’s leading provider of occupational health services by number of locations and guiding its transition to an independent publicly traded company.

“Keith’s leadership has been instrumental in Concentra’s growth, strong performance, and distinctive culture,” said Robert Ortenzio, chairman of the Board. “The Board is grateful for his many contributions as chief executive officer, and we are pleased that Concentra will continue to benefit from his experience and leadership as executive chairman.”

DiCanio has served as Concentra’s president since 2023 and chief financial officer since 2024. During his 11-year tenure, his responsibilities have spanned clinical functions, operations, sales, marketing, corporate strategy, finance and business development. He has also led multiple business units and major acquisition integrations and played an integral role in Concentra’s transition to a publicly traded company.

“Matt has played a pivotal role in shaping Concentra’s strategy, performance, and growth,” Ortenzio said. “His extensive knowledge of the business, proven leadership, and commitment to Concentra’s mission and culture make him the right leader to guide the Company as it approaches its 50th year and builds for the future.”

The Company expects to announce its chief financial officer succession plan prior to the leadership transition taking effect on November 1, 2026.

2026 Business Outlook

Concentra raised its financial guidance for 2026. We now expect to deliver the following results:

•Revenue in the range of $2.325 billion to $2.375 billion

•Adjusted EBITDA in the range of $485 million to $495 million

•Net leverage ratio below 3.0x

•Free Cash Flow in the range of $220 million to $240 million

•Capital expenditures in the range of $70 million to $80 million

A reconciliation of full year 2026 Adjusted EBITDA expectations to net income is presented in table XIII of this release. A reconciliation of full year 2026 Free Cash Flow expectations to net cash provided by operating activities is presented in table XIV of this release.

Company Overview

Concentra is the largest provider of occupational health services in the United States by number of locations, with the mission of improving the health of America’s workforce, one patient at a time. Our approximately 13,000 colleagues and affiliated physicians and clinicians support the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care. We support the care of approximately 54,000(1) patients each business day on average across 46 states and the District of Columbia at our 633 occupational health centers, 415 onsite health clinics at employer worksites, and Concentra Telemed as of June 30, 2026.

(1) As of TTM June 30, 2026.

Conference Call

Concentra will host a conference call regarding its second quarter financial results and business outlook on Friday, August 7, 2026, at 9 a.m. Eastern Time. The conference call will be a live webcast and can be accessed via this Earnings Call Webcast Link or via Concentra’s website at https://ir.concentra.com. A replay of the webcast will be available shortly after the call at the same locations.

Participants may join the audio-only version of the webcast or participate in the question-and-answer session by calling:

Toll Free: 888-506-0062

International: 973-528-0011

Participant Access: All dial-in participants should ask to join the Concentra call.

* * * * *

Certain statements contained herein that are not descriptions of historical facts are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995), including statements related to Concentra’s 2026 and long-term business outlook. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements due to factors including the following:

•The frequency of work-related injuries and illnesses;

•Adverse changes to our relationships with employer customers, third-party payors, workers’ compensation provider networks or employer services networks;

•Changes to regulations, new interpretations of existing regulations, or violations of regulations;

•State fee schedule changes undertaken by state workers’ compensation boards or commissions and other third-party payors;

•Our ability to realize reimbursement increases at rates sufficient to keep pace with the inflation of our costs;

•Labor shortages, increased employee turnover or costs, and union activity could significantly increase our operating costs;

•Our ability to compete effectively with other occupational health centers, onsite health clinics at employer worksites, and healthcare providers;

•The impacts of any security breaches, cyberattacks, loss of data, or cybersecurity threats or incidents involving our, or our third-party vendors’, information technology systems, and any failure to comply with legal requirements related to data privacy, interoperability or data protection, including those governing the privacy and security of health information or other regulated, sensitive or confidential information;

•Negative publicity which can result in increased governmental and regulatory scrutiny and possibly adverse regulatory changes;

•Significant legal actions could subject us to substantial uninsured liabilities;

•Litigation and other legal and regulatory proceedings in the course of our business that could adversely affect our business and financial statements;

•Insurance coverage may not be sufficient to cover losses we may incur;

•Acquisitions may use significant resources, may be unsuccessful, and could expose us to unforeseen liabilities;

•Our exposure to additional risk due to our reliance on third parties in many aspects of our business;

•Our ability to manage relationships with managed affiliated professional medical groups (“Managed PCs”);

•Our facilities are subject to extensive federal and state laws and regulations relating to the privacy of individually identifiable information;

•Compliance with applicable data interoperability and information blocking rules;

•Facility licensure requirements in some states are costly and time-consuming, limiting or delaying our operations;

•Our ability to adequately protect and enforce our intellectual property and other proprietary rights;

•Adverse economic conditions in the U.S. or globally;

•Any negative impact on the global economy and capital markets resulting from geopolitical tensions;

•The impact of impairment of our goodwill and other intangible assets;

•Our ability to maintain satisfactory credit ratings;

•The effects of the Separation on our business;

•The negative impact of public threats such as a global pandemic or widespread outbreak of an infectious disease;

•The loss of key members of our management team;

•Our ability to attract and retain talented, highly skilled employees and a diverse workforce, and the succession of our senior management;

•Climate change, or legal, regulatory or market measures to address climate change;

•Increasing scrutiny and rapidly evolving expectations from stakeholders regarding ESG matters; and

•Changes in tax laws or exposures to additional tax liabilities.

Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, we are under no obligation to publicly update or revise any forward-looking statements, whether as a result of any new information, future events, or otherwise. You should not place undue reliance on our forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results or performance.

Investor and media inquiries:

Bill Chapman

Vice President, Strategy & Investor Relations

972-725-6488

ir@concentra.com

SOURCE: Concentra Group Holdings Parent, Inc.

I. Condensed Consolidated Statements of Operations

For the Three Months Ended June 30, 2026 and 2025

(In thousands, except per share amounts, unaudited)

Three Months Ended June 30,

2026 2025

% Change

Revenue $ 606,030 $ 550,785 10.0 %

Costs and expenses:

Cost of services, exclusive of depreciation and amortization 413,933 389,334 6.3

General and administrative, exclusive of depreciation and amortization(1)

56,677 52,931 7.1

Depreciation and amortization 19,899 18,998 4.7

Total costs and expenses 490,509 461,263 6.3

Other operating (expense) income (453) 20 N/M

Income from operations 115,068 89,542 28.5

Other income and expense:

Interest expense

(25,723) (28,193) (8.8)

Income before income taxes 89,345 61,349 45.6

Income tax expense 22,046 15,155 45.5

Net income 67,299 46,194 45.7

Less: net income attributable to non-controlling interests 2,000 1,634 22.4

Net income attributable to the Company $ 65,299 $ 44,560 46.5 %

Basic and diluted earnings per common share:(2)

$ 0.51 $ 0.35

_________________________________________

(1) Includes transition services agreement fees of $1.0 million and $3.5 million for the three months ended June 30, 2026 and 2025, respectively.

(2) Refer to table III for calculation of earnings per common share.

N/M Not meaningful.

II. Condensed Consolidated Statements of Operations

For the Six Months Ended June 30, 2026 and 2025

(In thousands, except per share amounts, unaudited)

Six Months Ended June 30,

2026 2025

% Change

Revenue $ 1,175,585 $ 1,051,537 11.8 %

Costs and expenses:

Cost of services, exclusive of depreciation and amortization 813,019 746,435 8.9

General and administrative, exclusive of depreciation and amortization(1)

111,957 99,644 12.4

Depreciation and amortization 39,547 35,617 11.0

Total costs and expenses 964,523 881,696 9.4

Other operating (expense) income (384) 20 N/M

Income from operations 210,678 169,861 24.0

Other income and expense:

Loss on early retirement of debt — (875) N/M

Interest expense

(51,726) (53,741) (3.7)

Income before income taxes 158,952 115,245 37.9

Income tax expense 39,361 28,409 38.6

Net income 119,591 86,836 37.7

Less: net income attributable to non-controlling interests 3,804 3,365 13.0

Net income attributable to the Company $ 115,787 $ 83,471 38.7 %

Basic and diluted earnings per common share:(2)

$ 0.90 $ 0.65

_________________________________________

(1) Includes transition services agreement fees of $2.7 million and $7.2 million for the six months ended June 30, 2026 and 2025, respectively.

(2) Refer to table III for calculation of earnings per common share.

N/M Not meaningful.

III. Earnings per Share

For the Three and Six Months Ended June 30, 2026 and 2025

(In thousands, except per share amounts, unaudited)

As of June 30, 2026 and 2025, the Company’s capital structure consists of common stock and unvested restricted stock. To calculate earnings per share (“EPS”) for the three and six months ended June 30, 2026 and 2025, the Company applied the two-class method because its unvested restricted shares were participating securities.

The following table sets forth the net income attributable to the Company, its shares, and its participating shares:

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net income $ 67,299 $ 46,194 $ 119,591 $ 86,836

Less: net income attributable to non-controlling interests 2,000 1,634 3,804 3,365

Net income attributable to the Company 65,299 44,560 115,787 83,471

Less: distributed and undistributed net income attributable to participating securities

1,372 530 2,438 985

Distributed and undistributed net income attributable to common shares

$ 63,927 $ 44,030 $ 113,349 $ 82,486

The following table sets forth the computation of EPS under the two-class method:

Three Months Ended June 30, 2026 Three Months Ended June 30, 2025

Net Income Allocation

Shares(1)

Basic and Diluted EPS

Net Income Allocation

Shares(1)

Basic and Diluted EPS

Common shares $ 63,927 125,102 $ 0.51 $ 44,030 126,647 $ 0.35

Participating securities 1,372 2,685 $ 0.51 530 1,524 $ 0.35

Total Company $ 65,299 127,787 $ 0.51 $ 44,560 128,171 $ 0.35

Six Months Ended June 30, 2026 Six Months Ended June 30, 2025

Net Income Allocation

Shares(1)

Basic and Diluted EPS

Net Income Allocation

Shares(1)

Basic and Diluted EPS

Common shares $ 113,349 125,439 $ 0.90 $ 82,486 126,647 $ 0.65

Participating securities 2,438 2,698 $ 0.90 985 1,512 $ 0.65

Total Company $ 115,787 128,137 $ 0.90 $ 83,471 128,159 $ 0.65

_________________________________________

(1) Represents the weighted average shares outstanding during the period.

IV. Condensed Consolidated Balance Sheets

(In thousands, except par value and share data, unaudited)

June 30, 2026 December 31, 2025

ASSETS

Current assets:

Cash $ 158,038 $ 79,899

Accounts receivable 299,819 257,900

Prepaid expenses and other current assets 48,626 45,299

Total current assets 506,483 383,098

Operating lease right-of-use assets 522,421 483,652

Property and equipment, net 226,040 225,309

Goodwill 1,480,421 1,479,192

Other identifiable intangible assets, net 232,267 242,556

Non-current deferred tax asset 22,511 24,120

Other assets 20,132 20,461

Total assets $ 3,010,275 $ 2,858,388

LIABILITIES AND EQUITY

Current liabilities:

Current operating lease liabilities $ 87,208 $ 84,582

Current portion of long-term debt and notes payable 12,412 10,738

Accounts payable 36,415 21,005

Accrued and other liabilities 231,904 220,922

Total current liabilities 367,939 337,247

Non-current operating lease liabilities 482,988 443,642

Long-term debt, net of current portion 1,561,211 1,563,658

Non-current deferred tax liability 47,079 48,906

Other non-current liabilities 44,634 44,506

Total liabilities 2,503,851 2,437,959

Redeemable non-controlling interests 21,706 19,404

Stockholders’ equity:

Common stock, $0.01 par value, 700,000,000 shares authorized, 127,517,736 and 128,633,374 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively

1,276 1,286

Capital in excess of par 230,964 248,899

Retained earnings 244,152 146,448

Accumulated other comprehensive income (loss) 703 (3,352)

Total stockholders’ equity 477,095 393,281

Non-controlling interests 7,623 7,744

Total equity 484,718 401,025

Total liabilities and equity $ 3,010,275 $ 2,858,388

V. Condensed Consolidated Statements of Cash Flows

For the Three Months Ended June 30, 2026 and 2025

(In thousands, unaudited)

Three Months Ended June 30,

2026 2025

Operating activities

Net income $ 67,299 $ 46,194

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 19,899 18,998

Stock compensation expense 4,130 2,285

Amortization of debt discount and issuance costs 1,044 995

Deferred income taxes (2,321) (1,177)

Other 491 1,097

Changes in operating assets and liabilities, net of effects of business combinations:

Accounts receivable (3,349) (5,106)

Other current assets (3,401) (5,028)

Other assets 2,172 1,401

Accounts payable and accrued liabilities 49,246 28,720

Net cash provided by operating activities 135,210 88,379

Investing activities

Business combinations, net of cash acquired — (54,282)

Purchases of property and equipment (15,665) (25,226)

Proceeds from sale of assets 1,468 —

Net cash used in investing activities (14,197) (79,508)

Financing activities

Borrowings on revolving facilities — 35,000

Payments on term loans (2,375) (2,375)

Borrowings of other debt — 107

Principal payments on other debt (1,421) (1,810)

Dividends paid to common stockholders (7,992) (16,021)

Repurchase of common shares (10,958) —

Distributions to non-controlling interests

(1,928) (2,009)

Net cash (used in) provided by financing activities

(24,674) 12,892

Net increase in cash 96,339 21,763

Cash at beginning of period 61,699 52,109

Cash at end of period $ 158,038 $ 73,872

Supplemental information

Cash paid for interest $ 13,531 $ 16,295

Cash paid for taxes $ 35,165 $ 35,616

VI. Condensed Consolidated Statements of Cash Flows

For the Six Months Ended June 30, 2026 and 2025

(In thousands, unaudited)

Six Months Ended June 30,

2026 2025

Operating activities

Net income $ 119,591 $ 86,836

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 39,547 35,617

Loss on early retirement of debt

— 51

Stock compensation expense 8,265 4,554

Amortization of debt discount and issuance costs 2,072 1,971

Deferred income taxes (1,506) (2,205)

Other 507 1,107

Changes in operating assets and liabilities, net of effects of business combinations:

Accounts receivable (41,975) (26,251)

Other current assets (5,186) (7,781)

Other assets 3,577 2,303

Accounts payable and accrued liabilities 31,337 3,876

Net cash provided by operating activities 156,229 100,078

Investing activities

Business combinations, net of cash acquired (3,760) (333,300)

Purchases of property and equipment (26,753) (40,958)

Proceeds from sale of assets 1,470 1

Net cash used in investing activities (29,043) (374,257)

Financing activities

Borrowings on revolving facilities — 85,000

Proceeds from term loans, net of issuance costs — 948,848

Payments on term loans (4,750) (850,250)

Borrowings of other debt 4,912 6,575

Principal payments on other debt (3,549) (6,505)

Dividends paid to common stockholders (16,009) (16,021)

Repurchase of common shares (25,954) —

Distributions to non-controlling interests

(3,697) (2,851)

Net cash (used in) provided by financing activities

(49,047) 164,796

Net increase (decrease) in cash 78,139 (109,383)

Cash at beginning of period 79,899 183,255

Cash at end of period $ 158,038 $ 73,872

Supplemental information

Cash paid for interest $ 50,201 $ 54,432

Cash paid for taxes $ 34,384 $ 35,568

VII. Disaggregated Revenue

For the Three and Six Months Ended June 30, 2026 and 2025

(In thousands, unaudited)

The following table disaggregates the Company’s revenue:

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Occupational health centers:

Workers’ compensation $ 361,228 $ 332,191 $ 698,907 $ 634,298

Employer services 183,157 174,318 355,525 334,458

Consumer health 6,893 7,177 14,723 15,788

Other occupational health center revenue 2,239 2,452 4,263 4,516

Total occupational health center revenue 553,517 516,138 1,073,418 989,060

Onsite health clinics 38,832 22,569 76,028 39,119

Other 13,681 12,078 26,139 23,358

Total revenue $ 606,030 $ 550,785 $ 1,175,585 $ 1,051,537

VIII. Key Statistics

For the Three Months Ended June 30, 2026 and 2025

The following table sets forth facility counts for our occupational health centers and onsite health clinics operating segments for the periods presented:

Three Months Ended June 30,

2026 2025

Facility Counts

Number of occupational health centers—start of period 632 627

Number of occupational health centers acquired — —

Number of occupational health centers de novos 1 1

Number of occupational health centers closed — —

Number of occupational health centers—end of period 633 628

Number of onsite health clinics—end of period 415 406

The following table sets forth operating statistics for our occupational health centers operating segment for the periods presented:

Three Months Ended June 30,

2026 2025 % Change

Number of patient visits

Workers’ compensation 1,648,983 1,589,981 3.7 %

Employer services 1,910,984 1,877,383 1.8 %

Consumer health 50,967 52,956 (3.8) %

Total 3,610,934 3,520,320 2.6 %

Visits per day volume

Workers’ compensation 25,765 24,843 3.7 %

Employer services 29,859 29,334 1.8 %

Consumer health 796 827 (3.8) %

Total 56,421 (3) 55,005 (3) 2.6 %

Revenue per visit(1)

Workers’ compensation $ 219.06 $ 208.93 4.9 %

Employer services 95.84 92.85 3.2 %

Consumer health 135.26 135.52 (0.2) %

Total $ 152.67 $ 145.92 4.6 %

Business Days(2)

64 64

_________________________________________

(1) Represents the average amount of revenue recognized for each patient visit. Revenue per visit is calculated as total patient revenue divided by total patient visits. Revenue per visit as reported includes only the revenue and patient visits in our occupational health centers operating segment and does not include our onsite health clinics or other businesses operating segments.

(2) Represents the number of days in which normal business operations were conducted during the periods presented.

(3) Does not foot due to rounding.

IX. Key Statistics

For the Six Months Ended June 30, 2026 and 2025

The following table sets forth facility counts for our occupational health centers and onsite health clinics operating segments for the periods presented:

Six Months Ended June 30,

2026 2025

Facility Counts

Number of occupational health centers—start of period 628 552

Number of occupational health centers acquired 3 72

Number of occupational health centers de novos 2 4

Number of occupational health centers closed — —

Number of occupational health centers—end of period 633 628

Number of onsite health clinics—end of period 415 406

The following table sets forth operating statistics for our occupational health centers operating segment for the periods presented:

Six Months Ended June 30,

2026 2025 % Change

Number of patient visits

Workers’ compensation 3,232,326 3,034,861 6.5 %

Employer services 3,689,568 3,573,795 3.2 %

Consumer health 108,131 116,032 (6.8) %

Total 7,030,025 6,724,688 4.5 %

Visits per day volume

Workers’ compensation 25,451 23,897 6.5 %

Employer services 29,052 28,140 3.2 %

Consumer health 851 914 (6.8) %

Total 55,355 (3) 52,950 (3) 4.5 %

Revenue per visit(1)

Workers’ compensation $ 216.22 $ 209.00 3.5 %

Employer services 96.36 93.59 3.0 %

Consumer health 136.16 136.06 0.1 %

Total $ 152.08 $ 146.41 3.9 %

Business days(2)

127 127

_________________________________________

(1) Represents the average amount of revenue recognized for each patient visit. Revenue per visit is calculated as total patient revenue divided by total patient visits. Revenue per visit as reported includes only the revenue and patient visits in our occupational health centers segment and does not include our onsite health clinics or other businesses segments.

(2) Represents the number of days in which normal business operations were conducted during the periods presented.

(3) Does not total due to rounding.

X. Net Income to Adjusted EBITDA Reconciliation

For the Three and Six Months Ended June 30, 2026 and 2025

(In thousands, unaudited)

Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures that we believe provide useful insight into the underlying performance of our business by excluding items that may obscure trends in our core operating results. These metrics are not intended to be substitutes for U.S. GAAP measures such as net income and net income margin, and may differ from similarly titled metrics supported by other companies. We use these non-GAAP measures internally for budgeting, forecasting, and evaluating performance. Investors should consider these measures in addition to, and not as a replacement for, U.S. GAAP results reported in our financial statements.

Adjusted EBITDA is a supplemental measure that we believe offers useful insight into the Company’s business performance by excluding items that do not reflect the core operations of the Company. We define Adjusted EBITDA as net income before interest, income taxes, depreciation and amortization, stock compensation expense, acquisition related costs, gains or losses on early retirement of debt, and separation transaction costs. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by total revenue. Adjusted EBITDA Margin is a supplemental measure that we believe helps assess the efficiency of our operations on a normalized basis.

The following table reconciles net income to Adjusted EBITDA and net income margin to Adjusted EBITDA Margin and should be referenced when we discuss Adjusted EBITDA and Adjusted EBITDA Margin.

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Amount

% of Revenue(4)

Amount

% of Revenue(4)

Amount

% of Revenue(4)

Amount

% of Revenue(4)

Reconciliation of Adjusted EBITDA:

Net income(1)

$ 67,299 11.1 % $ 46,194 8.4 % $ 119,591 10.2 % $ 86,836 8.3 %

Add (Subtract):

Income tax expense 22,046 3.6 15,155 2.8 39,361 3.3 28,409 2.7

Interest expense 25,723 4.2 28,193 5.1 51,726 4.4 53,741 5.1

Loss on early retirement of debt — — — — — — 875 0.1

Stock compensation expense 4,130 0.7 2,285 0.4 8,265 0.7 4,554 0.4

Depreciation and amortization 19,899 3.3 18,998 3.4 39,547 3.4 35,617 3.4

Separation transaction costs(2)

1,777 0.3 1,360 0.2 2,853 0.2 1,675 0.2

Nova and Pivot Onsite Innovations acquisition costs 60 0.0 2,833 0.5 279 0.0 5,970 0.6

Adjusted EBITDA(3)

$ 140,934 23.3 % $ 115,018 20.9 % $ 261,622 22.3 % $ 217,677 20.7 %

_________________________________________

(1) The percentage of revenue values on this row represent the net income margin for the period.

(2) Separation transaction costs represent non-recurring incremental consulting, legal, audit-related fees, system implementation, and software disposal costs incurred in connection with the Company’s separation from Select into a new, publicly traded company and are included within general and administrative expenses on the condensed consolidated statements of operations.

(3) The percentage of revenue values on this row represent the Adjusted EBITDA Margin for the period.

(4) Totals in this column may not foot due to rounding.

XI. Earnings per Share to Adjusted Earnings per Share Reconciliation

For the Three and Six Months Ended June 30, 2026 and 2025

(In thousands, except per share amounts, unaudited)

Adjusted Net Income Attributable to the Company and Adjusted Earnings per Share are used by management to provide useful insight into the underlying performance of our business. Adjusted Net Income Attributable to the Company and Adjusted Earnings per Share are not measures of financial performance under U.S. GAAP and are not intended to be substitutes for U.S. GAAP measures such as net income attributable to the Company or earnings per share. These metrics may differ from similarly titled metrics supported by other companies. We believe that the presentation of Adjusted Net Income Attributable to the Company and Adjusted Earnings per Share are important to investors because they are reflective of the financial performance of Concentra’s ongoing operations and provide better comparability of its results of operations between periods. Investors should consider these measures in addition to, and not as a replacement for, U.S. GAAP results reported in our financial statements.

We define Adjusted Net Income Attributable to the Company as net income attributable to the Company, excluding gain (loss) on early retirement of debt, separation transaction costs, and acquisition costs, all on an after tax basis. We define Adjusted Earnings per Share as the Adjusted Net Income Attributable to the Company divided by the diluted weighted average shares outstanding.

The following table reconciles net income attributable to the Company and earnings per share on a fully diluted basis to Adjusted Net Income Attributable to the Company and Adjusted Earnings per Share on a fully diluted basis.

Three Months Ended June 30, Six Months Ended June 30,

2026

Per Share(3)

2025

Per Share(3)

2026

Per Share(3)

2025

Per Share(3)

Reconciliation of Adjusted Net Income Attributable to the Company:

Net income attributable to the Company

$ 65,299 $ 0.51 $ 44,560 $ 0.35 $ 115,787 $ 0.90 $ 83,471 $ 0.65

Adjustments:

Loss on early retirement of debt — — — — — — 875 0.01

Separation transaction costs(1)

1,777 0.01 1,360 0.01 2,853 0.02 1,675 0.01

Nova and Pivot Onsite Innovations acquisition costs

60 0.00 2,833 0.02 279 0.00 5,970 0.05

Total additions (subtractions), net

$ 1,837 $ 0.01 $ 4,193 $ 0.03 $ 3,132 $ 0.02 $ 8,520 $ 0.07

Less: tax effect of adjustments(2)

(454) (0.00) (1,036) (0.01) (777) (0.01) (2,100) (0.02)

Adjusted Net Income Attributable to the Company

$ 66,682 $ 0.52 $ 47,717 $ 0.37 $ 118,142 $ 0.92 $ 89,891 $ 0.70

Weighted average shares outstanding - diluted

127,787 128,171 128,137 128,159

_________________________________________

(1) Separation transaction costs represent non-recurring incremental consulting, legal, audit-related fees, system implementation, and software disposal costs incurred in connection with the Company’s separation from Select into a new, publicly traded company and are included within general and administrative expenses on the condensed consolidated statements of operations.

(2) Tax impact is calculated using the annual effective tax rate, including discrete costs and benefits.

(3) Totals in this column may not foot due to rounding.

XII. Net Cash Provided by Operating Activities to Free Cash Flow Reconciliation

For the Three and Six Months ended June 30, 2026 and 2025

(In thousands, unaudited)

Free Cash Flow is used by management to provide useful insight into the underlying performance of our business. Free Cash Flow is not a measure of financial performance or liquidity under U.S. GAAP and is not intended to be a substitute for U.S. GAAP measures, such as net cash provided by operating activities. This metric may differ from similarly titled metrics supported by other companies. Other companies, including companies in our industry, may calculate Free Cash Flow differently than we do, limiting the usefulness of those measures for comparative purposes. We believe that the presentation of Free Cash Flow is important to investors because it is reflective of the financial performance and cash flows of Concentra’s ongoing operations and provides a better comparability of its cash flows between periods. Investors should consider this measure in addition to, and not as a replacement for, U.S. GAAP results reporting in our financial statements.

We define Free Cash Flow as net cash provided by operating activities less net cash used in investing activities, excluding business combinations, net of cash acquired. Free Cash Flow (i) does not represent residual cash flow available for discretionary expenditures and (ii) does not reflect our mandatory debt service obligations or other non-discretionary expenditures that are not deducted in calculating the measure.

The following table reconciles net cash provided by operating activities to Free Cash Flow.

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Reconciliation of Free Cash Flow:

Net cash provided by operating activities $ 135,210 $ 88,379 $ 156,229 $ 100,078

Add (Subtract):

Net cash used in investing activities (14,197) (79,508) (29,043) (374,257)

Business combinations, net of cash acquired — 54,282 3,760 333,300

Free Cash Flow $ 121,013 $ 63,153 $ 130,946 $ 59,121

XIII. 2026 Net Income to Adjusted EBITDA Reconciliation

Business Outlook for the Year Ending December 31, 2026

(In millions, unaudited)

The following is a reconciliation of full year 2026 Adjusted EBITDA expectations as computed at the low and high points of the range to the closest comparable U.S. GAAP financial measure. Refer to table X for discussion of Concentra’s use of Adjusted EBITDA in evaluating financial performance and for the definition of Adjusted EBITDA. Each item presented in the below table is an estimation of full year 2026 expectations.

Range

Low

High

Net income attributable to the Company

$ 203 $ 210

Net income attributable to non-controlling interests 7 7

Net income $ 210 $ 217

Income tax expense 69 72

Interest expense 102 102

Income from operations 381 391

Stock compensation expense 20 20

Depreciation and amortization 81 81

Separation transaction costs 3 3

Adjusted EBITDA $ 485 $ 495

XIV. 2026 Net Cash Provided by Operating Activities to Free Cash Flow Reconciliation

Business Outlook for the Year Ending December 31, 2026

(In millions, unaudited)

The following is a reconciliation of full year 2026 Free Cash Flow expectations as computed at the low and high points of the range to the closest comparable U.S. GAAP financial measure. Refer to table XII for discussion of Concentra’s use of Free Cash Flow in evaluating financial performance and for the definition of Free Cash Flow. Each item presented in the below table is an estimation of full year 2026 expectations.

Range

Low

High

Reconciliation of Free Cash Flow:

Net cash provided by operating activities $ 300 $ 310

Add (Subtract):

Net cash used in investing activities (84) (74)

Business combinations, net of cash acquired 4 4

Free Cash Flow $ 220 $ 240

EX-99.2

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concentrainvestorpresent

©2026 Concentra Inc. All rights reserved. Forward-Looking Statements This presentation contains forward-looking statements that express Concentra Group Holdings Parent, Inc.'s ("Concentra," the "Company," "we" or "our") current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results that include, but are not limited to, financial guidance and other projections and forecasts. Forward looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward- looking statements. These risks and uncertainties include, but are not limited to, those factors described in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those under “Risk Factors” therein. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond the Company’s control. Any forward looking statements made by the Company in this presentation speak only as of the date of this presentation and are expressly qualified in their entirety by the cautionary statements included in this presentation. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward looking statements and you should not place undue reliance on its forward looking statements. The Company’s forward looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments or other strategic transactions it may make. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Use of Non-GAAP Financial Information In order to provide investors with greater insight, promote transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision making, the Company supplements its condensed consolidated financial statements presented on a GAAP basis herein with certain non-GAAP financial information, including reconciliations of these non-GAAP measures to their most directly comparable available GAAP measures, which are included in this presentation, as well as in the Company’s quarterly financial press releases and related Form 8-K filings with the SEC. This information can be accessed for free by visiting www.concentra.com or www.sec.gov. We believe that the presentation of Adjusted EBITDA, Adjusted EBITDA margin, Return on Invested Capital, Free Cash Flow and FCF Conversion, as defined herein (collectively, the “Non-GAAP Measures”), are important to investors because they are commonly used as an analytical indicator of performance by investors within the healthcare industry. The Non-GAAP Measures are used by management to evaluate financial performance of, and determine resource allocation for, each of our operating segments. However, the Non-GAAP Measures are not measures of financial performance under U.S. GAAP. Items excluded from the Non-GAAP Measures are significant components in understanding and assessing financial performance. The Non-GAAP Measures should not be considered in isolation, or as an alternative to, or substitute for, net income, net income margin, income from operations, cash flows generated by operations, investing or financing activities, or other financial statement data presented in the consolidated financial statements as indicators of financial performance or liquidity. Because the Non-GAAP Measures are not measurements determined in accordance with U.S. GAAP and are thus susceptible to varying definitions, the Non-GAAP Measures as presented may not be comparable to other similarly titled measures of other companies. We define Adjusted EBITDA as earnings excluding interest, income taxes, depreciation and amortization, gain (loss) on early retirement of debt, stock compensation expense, separation transaction costs, and Nova Medical Centers (“Nova”) and Onsite Innovations, LLC (“Pivot Onsite Innovations”) acquisition costs. We define Adjusted EBITDA margin as Adjusted EBITDA divided by revenue. We define Return on Invested Capital as net operating profit after tax divided by average invested capital. We define Free Cash Flow as cash flow from operations less cash flow from investing activity (excluding business combinations, net of cash acquired). We define FCF Conversion as Free Cash Flow divided by net income. We will refer to the Non-GAAP Measures throughout these materials. Disclaimer 2

©2026 Concentra Inc. All rights reserved. Concentra At-a-Glance Concentra is the largest provider of occupational health services in the United States by number of locations1, with a mission of improving the health of America’s workforce, one patient at a time KEY STATISTICS ~13k Total colleagues & affiliated clinicians1,3 ~200k Employer customers2 46 States with service offerings1 ~54k Avg. # of patients cared for each business day2 ROBUST FINANCIALS $2.3bn TTM Revenue2 $476mm TTM Adj. EBITDA2,4 415 Onsite health clinics1 633 Occupational health centers1 <1% Revenue from government payor reimbursement2 <3% Revenue from largest employer customer2 (1) As of June 30, 2026; (2) As of TTM June 30, 2026; (3) The term "colleagues and affiliated clinicians" includes both our directly employed colleagues who provide administrative and management support to the affiliated professional medical group entities and the physicians and clinicians that are employed by the affiliated professional medical groups; (4) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see appendix for a reconciliation to net income; (5) Return on invested capital ("ROIC") is a non-GAAP measure, see appendix for a reconciliation to the most comparable GAAP measure; (6) Free Cash Flow and FCF conversion are non-GAAP measures, see appendix for a reconciliation to the most comparable GAAP measures 21% TTM Adj. EBITDA margin2,4 15% Return on invested capital2,5 131% TTM FCF conversion (FCF / net income) 2,6 $270mm TTM Free Cash Flow (FCF) 2,6 3

©2026 Concentra Inc. All rights reserved. We Continue to Deliver on Goals & Key Initiatives 4 M&A pipeline remains strong, evaluating bolt-on acquisitions of both occupational health centers and onsite health clinics Development Opened 1 de novo in Q2 (Phoenix) and two additional de novos in July (Kansas City and Boise), on track for 8-10 total de novos in 2026 Separation process substantially complete, with all planned new colleagues onboarded and all process and technology implementations nearing conclusion. Transition Services Agreement is scheduled to formally expire in November Separation Operational & Financial Strong Q2 performance with +10.0% Revenue growth (+8.0% excluding Pivot) and +22.5% Adjusted EBITDA1 growth YoY (margin expansion of 237 basis points) Continued robust volume growth, with Workers’ Compensation +3.7% and Employer Services +1.8% in Q2 YoY Accelerated growth in Revenue per Visit, up +4.6% in Q2 YoY Capital Allocation Major progress towards de-levering efforts, with net leverage ratio2 of <3.0x achieved well ahead of schedule (2.99x as of Q2) $0.0625 quarterly dividend maintained, continuing to return value to shareholders 424K shares repurchased in Q2 at a weighted average share price of $25.82 (1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see appendix for a reconciliation to net income; (2) Net Leverage ratio = Net Debt / Adjusted EBITDA, per credit agreement (non-GAAP measure, see appendix for a reconciliation of reported Adjusted EBITDA to net income); (3) Free Cash Flow is a non-GAAP measure, see appendix for a reconciliation to the most comparable GAAP measure Raising FY 2026 guidance for Revenue ($2.325bn-$2.375bn), Adjusted EBITDA1 ($485mm-$495mm) and Free Cash Flow ($220mm-$240mm)3 Guidance

©2026 Concentra Inc. All rights reserved. 5 Q2 2026 Performance Q2 2026 Q2 2025 YoY (∆) Commentary Facility Count (end of period) Occupational Health Centers 633 628 +5 Onsite Health Clinics 415 406 +9 KPIs Visits per Day (“VPD”) 56.4k 55.0k 2.6% Workers’ Compensation VPD 25.8k 24.8k 3.7% Employer Services VPD 29.9k 29.3k 1.8% Revenue per Visit (“RPV”) $153 $146 4.6% Workers’ Compensation RPV $219 $209 4.9% Employer Services RPV $96 $93 3.2% Financials ($ in millions) Total Revenue $606.0 $550.8 10.0% Adjusted EBITDA1 $140.9 $115.0 22.5% Adjusted EBITDA margin1 23.3% 20.9% 237bps Net Income $67.3 $46.2 45.7% Net Income margin 11.1% 8.4% 272bps Capital Expenditures2 $15.7 $25.2 (37.9)% (1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see appendix for a reconciliation to the most comparable GAAP measures; (2) Excluding purchase consideration for acquisitions Revenue growth excluding impact of Pivot Onsite Innovations +8.0% Nova visits included in both periods Prior year included Nova integration capex

©2026 Concentra Inc. All rights reserved. 6 YTD 2026 Performance YTD 2026 YTD 2025 YoY (∆) Commentary Facility Count (end of period) Occupational Health Centers 633 628 +5 Onsite Health Clinics 415 406 +9 KPIs Visits per Day (“VPD”) 55.4k 53.0k 4.5% Workers’ Compensation VPD 25.5k 23.9k 6.5% Employer Services VPD 29.1k 28.1k 3.2% Revenue per Visit (“RPV”) $152 $146 3.9% Workers’ Compensation RPV $216 $209 3.5% Employer Services RPV $96 $94 3.0% Financials ($ in millions) Total Revenue $1,175.6 $1,051.5 11.8% Adjusted EBITDA1 $261.6 $217.7 20.2% Adjusted EBITDA margin1 22.3% 20.7% 155bps Net Income $119.6 $86.8 37.7% Net Income margin 10.2% 8.3% 191bps Capital Expenditures2 $26.8 $41.0 (34.7)% (1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures, see appendix for a reconciliation to the most comparable GAAP measures; (2) Excluding purchase consideration for acquisitions Revenue growth excluding impact of Nova and Pivot Onsite Innovations +7.1% +2.9% +5.1% +1.6% VPD growth excluding impact of Nova acquisition (March 2025) Prior year included Nova integration capex

©2026 Concentra Inc. All rights reserved. Balance Sheet & Capital Allocation Strategy 7 Leverage Prudent management of leverage levels, having achieved <3.0x net leverage ratio in Q2 2026 M&A and De Novos Strong pipeline of bolt-on acquisitions and de novos + disciplined approach to enhancing footprint for short- and long- term value creation Capital Expenditures Continued strategic investment in technology, facilities, and infrastructure Dividend Quarterly cash dividend of $0.0625 per share Share Repurchase Program 424K shares repurchased in Q2 2026 Net Leverage Ratio Liquidity $158 $430 $588 6/30/2026 Cash Revolver Capacity2 ($ in millions) (1) Net Leverage ratio = Net Debt / Adjusted EBITDA, per credit agreement (non-GAAP measure, see appendix for a reconciliation of reported Adjusted EBITDA to net income); (2) $450 million revolving facility undrawn as of 6/30/26; however, Concentra has $430 million of availability under its revolving credit facility after giving effect to $20 million of outstanding letters of credit Capital Allocation Strategy (Net leverage ratio as multiple of Adj. EBITDA1, calculation per credit agreement) Continued focus on de-levering for 2026, with strong cash flow also supporting capital deployment to other attractive strategies ~3.9x 3.5x 3.9x 2.99x <3.0x July '24 (IPO) 12/31/24 3/31/25 6/30/2026 12/31/26E Guidance Nova acquisition Note: removed footnote on shares repurchased “Includes shares repurchased under the share repurchase program and shares withheld in connection with tax payments related to the vesting of employee restricted stock awards” – because there were no vestings during Q1

©2026 Concentra Inc. All rights reserved. 2026 Full-Year Guidance 8(1) Adjusted EBITDA and Free Cash Flow are non-GAAP measures, see appendix for a reconciliation to the most comparable GAAP measure; (2) Net Leverage Ratio = Net Debt / Adjusted EBITDA, per credit agreement (non-GAAP measure, see appendix for a reconciliation of reported Adjusted EBITDA to net income); (3) Excluding acquisitions FY 2025 FY 2026 Guidance Commentary Total Revenue $2,163.4mm $2,325mm – $2,375mm Raising previous guidance ($2,275mm – $2,375mm) Adjusted EBITDA1 $431.9mm $485mm – $495mm Raising previous guidance ($460mm – $480mm) Net Leverage Ratio2 3.4x <3.0x Achieved net leverage ratio target as of Q2 2026 (2.99x) Free Cash Flow1 $197.8mm $220mm – $240mm Raising previous guidance ($215mm – $235mm) Capital Expenditures3 $82.3mm $70mm – $80mm Remain on track for target

©2026 Concentra Inc. All rights reserved. Reconciliation of Net Income to Adjusted EBITDA 11 Three Months Ended Jun. 30, Six Months Ended Jun. 30, TTM Jun. 30, ($ in thousands) 2026 2025 2026 2025 2026 Revenue $606,030 $550,785 $1,175,585 $1,051,537 $2,287,465 Net Income $67,299 $46,194 $119,591 $86,836 $205,604 Income Tax Expense 22,046 15,155 39,361 28,409 61,930 Interest Expense (Income) 25,723 28,193 51,726 53,741 107,275 Loss on Early Retirement of Debt - - - 875 - Stock Compensation Expense 4,130 2,285 8,265 4,554 14,201 Depreciation and Amortization 19,899 18,998 39,547 35,617 79,747 Separation Transaction Costs¹ 1,777 1,360 2,853 1,675 5,271 Nova and Pivot Onsite Innovations Acquisition Costs 60 2,833 279 5,970 1,780 Adjusted EBITDA $140,934 $115,018 $261,622 $217,677 $475,808 Net Income Margin 11.1% 8.4% 10.2% 8.3% 9.0% Adjusted EBITDA Margin 23.3% 20.9% 22.3% 20.7% 20.8% Note: May not foot due to rounding. (1) Separation transaction costs represent non-recurring incremental consulting, legal, audit-related fees, system implementation, and software disposal costs incurred in connection with the Company’s separation into a new, publicly traded company and are included within general and administrative expenses on the consolidated statements of operations.

©2026 Concentra Inc. All rights reserved. Reconciliation of 2026 Adjusted EBITDA Guidance 12 Range ($ in millions) Low High Net Income Attributable to the Company $203 $210 Net Income Attributable to Non-Controlling Interests 7 7 Net Income $210 $217 Income Tax Expense 69 72 Interest Expense 102 102 Income from Operations $381 $391 Stock Compensation Expense 20 20 Depreciation and Amortization 81 81 Separation Transaction Costs 3 3 Adjusted EBITDA $485 $495 Note: May not foot due to rounding

©2026 Concentra Inc. All rights reserved. Reconciliation to Free Cash Flow 13Note: May not foot due to rounding TTM Jun. 30, 2026 Guidance ($ in millions) 2026 Low High Net Cash Provided by Operating Activities $336 $300 $310 Net Cash Used in Investing Activities (70) (84) (74) Business Combinations, Net of Cash Acquired 4 4 4 Free Cash Flow $270 $220 $240 Net Income $206 Free Cash Flow Conversion 131%

©2026 Concentra Inc. All rights reserved. Reconciliation to Return on Invested Capital (ROIC) 14Note: May not foot due to rounding; (1) Assumes the weighted average effective tax rate between 2023 and Q2 2026 (24.2%); (2) ROIC calculated as (i) Net Operating Profit After Tax (“NOPAT”) divided by (ii) Average Invested Capital ($ in millions) TTM Jun. 30, 2026 Operating Income $375 (x) 1-Effective Tax Rate1 75.8% (i) NOPAT $284 Starting Debt $1,666 Ending Debt 1,574 (a) Average Debt $1,620 Starting Equity (BV) $348 Ending Equity (BV) 485 (b) Average Equity (BV) $416 Starting Redeemable NCI (BV) $20 Ending Redeemable NCI (BV) 22 (c) Average Redeemable NCI (BV) $21 Starting Cash $74 Ending Cash 158 (d) Average Cash $116 (ii) Average Invested Capital (a)+(b)+(c)-(d) $1,941 ROIC2 14.6%

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