Concentra, U.S. HealthWorks Announce Merger

Concentra and U.S. HealthWorks, two major providers of occupational medicine and urgent care services, are merging, their parent companies announced. Concentra’s parent company, Select Medical Holdings Corp. and U.S. HealthWorks’ parent, Dignity Health, announced the agreement on Monday. The transaction values U.S. HealthWorks at $753 million, subject to certain adjustments. Under terms of the transaction, Concentra will acquire all of the issued and outstanding shares of stock of U.S. HealthWorks from Dignity Health. Dignity Health will receive a 20% equity interest in the comb...