Concentra Group Holdings Parent (CON) Investor presentation summary

Strategic rationale and industry context

• Acquisition of Pivot Onsite Innovations accelerates growth and doubles the onsite health clinic segment size.

• Onsite healthcare is a multi-billion dollar industry with strong secular tailwinds and significant whitespace for expansion.

• Combined entity becomes the largest occupational health-focused onsite clinic provider in the U.S.

• Enhanced ability to deliver occupational health and advanced primary care to large employers nationwide.

• Synergy and cross-sell opportunities expected from complementary service offerings and expanded footprint.

Transaction details and financial impact

• Purchase price of $55 million, funded with cash on hand and available liquidity.

• Transaction expected to close in Q2 2025, subject to customary conditions.

• Deal is immediately accretive to earnings, with a projected EBITDA multiple below 9x by year 2 post-synergy.

• No material impact on net leverage ratio, maintaining targets of ~3.5x by year-end 2025 and ~3.0x in 18-24 months.

• Integration will follow a proven playbook, focusing on capital-light and turnkey processes.

Market opportunity and operational scale

• U.S. employer healthcare spending is approximately $1.3 trillion, with a $17 billion+ serviceable addressable market for onsite healthcare.

• Over 30% of large employers have onsite or near-site clinics, with 40%+ reporting ROI of 1.5:1 or higher.

• Combined onsite clinic footprint expands to about 357 locations across 43 states.

• Workforce grows to over 1,200 colleagues, enhancing service delivery and expertise.

• Concentra's onsite health clinics segment is positioned for long-term growth and increased market share.