Humana Agrees to Sell Concentra to PE Firm and Specialty Hospital Co. for $1B

Humana, a national integrated care company, has decided to sell off its subsidiary Concentra, citing an incompatibility between its revamped business model and Concentra's focus on workers' compensation. Select Medical Holdings Corp., which operates specialty hospitals and outpatient rehabilitation centers, is partnering with private equity firm Welsh, Carson, Anderson & Stowe XII to acquire Concentra, according to a March 23 press release. Concentra is one of the largest players in the workers' compensation market for physical therapy, urgent care and...