Thursday, November 25, 2010

Insurer Humana buying Concentra for $790 million

Insurer Humana said it has an agreement to acquire Concentra Inc., which operates a chain of urgent care clinics with five Nashville area locations, for $790 million.
The acquisition would diversify revenues of Louisville, Ky.,-based Humana, which said that the deal fits well into its consumer-focused strategy. Nearly 3 million Humana medical members live near a Concentra center, officials said.

Pending regulatory approvals, Humana hopes to close the deal in December. Addison, Texas-based Concentra has annual revenues of $800 million.

The privately held company delivers occupational medicine, urgent care, physical therapy and wellness services to workers and the public from more than 300 medical centers in 42 states.

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