Concentra Group Holdings Parent, Inc. (CON) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining us today for Concentra Group Holdings Parent Incorporated Earning Conference Call to discuss the second quarter 2025 results. Speaking today are the company's Chief Executive Officer, Keith Newton, and the company's President and Chief Financial Officer, Matt D'Acanio. Management will give you an overview and then open the call for questions. Before we get started, we would like to remind you that this conference call may contain forward-looking statements regarding future events or the future financial performance of the company, including, without limitation, statements regarding operating results, growth opportunities and other statements that refer to Concentra's plans, expectations, strategies, intentions and beliefs. These forward-looking statements are based on the information available to management of Concentra today and the company no obligation to update these statements as circumstances change. At this time, I will turn the conference call over to Mr. Keith Newton. Sir, you may begin. Thanks, operator. Good morning, everyone. Welcome to Concentra's second quarter 2025 earnings call. We are pleased to report on a strong second quarter, sustaining the momentum we had in the workers' comp and employer services, even after excluding the impact of the visits in the centers acquired in the NOVA transaction. We had another quarter of -single-digit -over-year rate increases. With this strong growth on both volume and rate, we had a high single-digit revenue growth excluding NOVA. In addition, we successfully completed the integration and rebranding of our acquired NOVA occupational health centers. We opened an additional occupational health center at the NOVO site in Chattanooga, Tennessee, bringing us to four NOVOs open so ...