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Dec 31, 2024
Concentra Group Holdings Q4 2024 Earnings Report
Estimated Revenue:$461M
Estimated EPS:$0.159
Key Takeaways
Concentra reported preliminary unaudited financial results for Q4 2024, with revenue increasing by 5.5% over Q4 2023 and Adjusted EBITDA increasing by 13.6%. The company also announced a definitive agreement to acquire Nova Medical Centers and provided its preliminary 2025 business outlook.
Revenue for Q4 2024 increased by 5.5% to $465.0 million compared to Q4 2023.
Adjusted EBITDA for Q4 2024 increased by 13.6% to $77.5 million compared to Q4 2023.
Net income for Q4 2024 was in the range of $20.6 million to $22.6 million, a decrease from $28.9 million in Q4 2023.
Patient Visits per Day decreased by 2.1% from Q4 2023, while Revenue per Visit increased by 5.8% over Q4 2023.
Concentra Group Holdings
Concentra Group Holdings
Forward Guidance
For the full year 2025, giving effect to the acquisition of Nova Medical Centers, Concentra expects revenue of approximately $2.1 billion and Adjusted EBITDA in the range of $410 million to $425 million.
Positive Outlook
- Expected revenue of approximately $2.1 billion for FY 2025.
- Expected Adjusted EBITDA in the range of $410 million to $425 million for FY 2025.
- Expected net leverage ratio of approximately 3.5x for FY 2025.
- Acquisition of Nova Medical Centers expected to expand access and services.
- Continued focus on providing superior outcomes and exceptional experience to patients and customers.
Challenges Ahead
- No specific negative guidance points were provided in the report for 2025.
- Potential risks associated with integrating Nova Medical Centers.
- General market and economic conditions could impact performance.
- Labor shortages and increased operating costs remain a potential challenge.
- Regulatory changes and compliance requirements could affect operations.
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Key Statistics
Market Cap
$3.05B
P/E Ratio
15.78
Sector
Health Services
Industry
Medical Or Nursing Services
52-Week High
$23.8
52-Week Low
$19.3
Adjusted EBITDA
$77.5M
Adjusted EBITDA Margin
16.7%
Net Income Margin
4.4%
Total Patient Visits
2.99M
Patient Visits per Day
46.8K