Concentra Operating Corp. announced Thursday it has signed an agreement to sell its workers' compensation managed care services business units to Coventry Health Care for $387.5 million, to be paid in cash at closing.
The sale will make Coventry an even bigger player in California and Texas occupational medicine, where both companies operate large medical provider networks. Coventry will take over Concentra's Focus preferred provider organization; field case and telephonic case management, independent medical examinations and First Script Network Services, a pharmacy benefit management uni...
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