Keith Newton is stepping down as CEO of Concentra Group Holdings after 10 years, transitioning to Executive Chairman, while Matt DiCanio takes the helm as new CEO — a move aligned with a long-term succession plan. The company delivered strong Q2 results: $606M in revenue (up 10% YoY), core growth of 8% excluding acquisitions, and rising patient visits across key sectors like manufacturing and construction. DiCanio reaffirms the company’s core strategy — customer value, expansion via acquisitions and new sites, and operational efficiency — backed by a seasoned leadership team averaging 20 years’ tenure. Adjusted EBITDA surged 22.5% to $149M, margins improved by 240 basis points. Concentra is raising full-year guidance to $2.325B–$2.375B in revenue and $485M–$495M in adjusted EBITDA, with free cash flow projected at $220M–$240M. Net leverage has dropped to under 3x ahead of schedule, enabling continued investment and disciplined debt management — all while positioning the company for sustained growth under DiCanio’s leadership.
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