Concentra Group Holdings Parent agreed to buy 1,000,000 common shares from Robert A. Ortenzio and related entities for $34,650,000, or $34.65 per share. The transaction closed on August 24, 2026, was funded with cash on hand and represented approximately .784% of shares outstanding immediately before completion, under the company’s repurchase program.

Key Highlights

  • The transaction closed on August 24, 2026, after approval by the Audit and Compliance Committee.
  • The $34.65 per-share price reflected a 1% discount to the common stock’s closing price on August 21, 2026.
  • Concentra Group Holdings funded the purchase with cash on hand and acquired the shares for its own account for Investment purposes.

The privately negotiated transaction priced the shares at $34.65 each. The purchase closed on August 24, 2026.

$34,650,000 Ortenzio Repurchase

The sellers include Robert A. Ortenzio and related entities identified in the agreement. The Audit and Compliance Committee, made up solely of independent directors, approved the transaction.

Discounted Private Purchase

The agreed price was $34.65 per common share, representing a 1% discount to the stock’s closing price on August 21, 2026. The shares are common stock with a $0.01 par value. The agreement sets out customary representations, warranties and covenants for the parties.

The transaction was privately negotiated between Concentra Group (NYSE: CON) Holdings and the stockholders.

Cash Funding And Share Count

Concentra Group Holdings funded the stock purchase with cash on hand. The 1,000,000 shares acquired represented approximately.784% of the issued and outstanding common stock immediately before the transaction.

The repurchased shares are subject to the agreement’s transfer provisions. The company acquired them for its own account for investment purposes.

Six-Month Transfer Restriction

Shares that are not canceled and retired will carry a restrictive legend reflecting the agreement’s limitations and their unregistered status. The agreement also provides that the sellers retained the rights and benefits of record holders, including voting rights and dividends or distributions, until closing.

Peers Moving on This News

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Source(s)

  • https://www.sec.gov/Archives/edgar/data/2014596/000201459626000060/cghp-20260821.htm