Concentra Group Holdings Parent, Inc., the nation’s largest provider of occupational health services, announced on April 21 the signing of a definitive agreement to acquire Pivot Onsite Innovations from Athletico Physical Therapy. This transaction values Pivot Onsite Innovations at $55 million, subject to adjustment in accordance with the terms and conditions set forth in the purchase agreement.
Pivot Onsite Innovations has provided occupational health, wellness, prevention and performance services since it was founded in 1993. It delivers better health outcomes for employees at leading organizations across the country.
Concentra is a leading healthcare company focused on improving the health of America’s workforce. The company’s approximately 11,000 colleagues and affiliated physicians and clinicians support the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care. It supports the care of approximately 50,000 patients each day on average across 45 states from approximately 620 occupational health centers, more than 150 onsite health clinics at employer worksites and Concentra Telemed.
Concentra was created through a joint venture between Select Medical Corporation, a wholly-owned subsidiary of Select Medical, Welsh, Carson, Anderson & Stowe and other minority equity holders including Cressey & Company.
Key members of Pivot Onsite Innovations’ executive team, led by Dr. Goren, Scott Goren and Paul Goren, will transition to Concentra Onsite Health. Both companies are committed to ensuring a seamless transition for Pivot’s clients, with no disruption to current services. Pivot’s customers will continue to receive care from their trusted, familiar teams, backed by Concentra’s expanded resources and capabilities.
Concentra currently expects to finance the announced transaction using a combination of cash on hand and available borrowing capacity under its existing revolving credit facility. The transaction is expected to close in the second quarter of 2025, subject to the satisfaction of customary closing conditions.
According to data in the LevinPro HC database, this transaction represents the sixth occupational health transaction of 2025. There were 11 occupational health deals announced during 2024, 19 announced in 2023 and 10 announced in 2022. At the current pace, occupational health deals are on track to outpace the totals of the previous three years, signaling a potential surge in activity within this sector.
