Concentra Shares Gain 7.8% After Completing Spin-Off From Select Medical

Dow Jones

Nov 27, 2024

By Josh Beckerman

Shares of occupational health company Concentra Group Holdings Parent rose after the company completed its spin-off from Select Medical Holdings.

Concentra stock was up 7.8%, to $23.85, midday trading Tuesday. Shares of hospital and clinic operator Select Medical rose 2.2%, to $21.30.

Select Medical said last January that it would pursue the separation of Concentra, seeking to increase shareholder value and help each company focus on strategic priorities.

Concentra's July initial public offering priced at $23.50 a share. On Nov. 6, Select Medical said it approved a special stock distribution of the 104.1 million Concentra shares it owned at the time.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 26, 2024 14:12 ET (19:12 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2486838361"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2486838361\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2486838361?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-27 03:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486838361","market":"nz","top_or_hot":-1,"title":"Concentra Shares Gain 7.8% After Completing Spin-Off From Select Medical","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of occupational health company Concentra Group Holdings Parent rose after the company completed its spin-off from <a href=\"https://laohu8.com/S/SEM\">Select Medical Holdings</a>. \n</p>\n<p>\n  Concentra stock was up 7.8%, to $23.85, midday trading Tuesday. Shares of hospital and clinic operator Select Medical rose 2.2%, to $21.30. \n</p>\n<p>\n  Select Medical said last January that it would pursue the separation of Concentra, seeking to increase shareholder value and help each company focus on strategic priorities. \n</p>\n<p>\n  Concentra's July initial public offering priced at $23.50 a share. On Nov. 6, Select Medical said it approved a special stock distribution of the 104.1 million Concentra shares it owned at the time. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 14:12 ET (19:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Concentra Shares Gain 7.8% After Completing Spin-Off From Select Medical</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConcentra Shares Gain 7.8% After Completing Spin-Off From Select Medical\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-27 03:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of occupational health company Concentra Group Holdings Parent rose after the company completed its spin-off from <a href=\"https://laohu8.com/S/SEM\">Select Medical Holdings</a>. \n</p>\n<p>\n  Concentra stock was up 7.8%, to $23.85, midday trading Tuesday. Shares of hospital and clinic operator Select Medical rose 2.2%, to $21.30. \n</p>\n<p>\n  Select Medical said last January that it would pursue the separation of Concentra, seeking to increase shareholder value and help each company focus on strategic priorities. \n</p>\n<p>\n  Concentra's July initial public offering priced at $23.50 a share. On Nov. 6, Select Medical said it approved a special stock distribution of the 104.1 million Concentra shares it owned at the time. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 14:12 ET (19:12 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CON","symbol_name":"Concentra Group Holdings Parent Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486838361","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486838361","pubTimestamp":1732648320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of occupational health company Concentra Group Holdings Parent rose after the company completed its spin-off from Select Medical Holdings.Concentra stock was up 7.8%, to $23.85, midday trading Tuesday. Shares of hospital and clinic operator Select Medical rose 2.2%, to $21.30.Select Medical said last January that it would pursue the separation of Concentra, seeking to increase shareholder value and help each company focus on strategic priorities.Concentra's July initial public offering priced at $23.50 a share. On Nov. 6, Select Medical said it approved a special stock distribution of the 104.1 million Concentra shares it owned at the time.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CON":"Concentra Group Holdings Parent Inc","BK4185":"保健护理机构","SEM":"Select Medical Holdings"},"translate_title":"完成从Select Medical分拆后，Concentra股价上涨7.8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CON":0.9,"SEM":1},"content_text":"By Josh Beckerman \n\n\n \n\n\n  Shares of occupational health company Concentra Group Holdings Parent rose after the company completed its spin-off from Select Medical Holdings. \n\n\n  Concentra stock was up 7.8%, to $23.85, midday trading Tuesday. Shares of hospital and clinic operator Select Medical rose 2.2%, to $21.30. \n\n\n  Select Medical said last January that it would pursue the separation of Concentra, seeking to increase shareholder value and help each company focus on strategic priorities. \n\n\n  Concentra's July initial public offering priced at $23.50 a share. On Nov. 6, Select Medical said it approved a special stock distribution of the 104.1 million Concentra shares it owned at the time. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2024 14:12 ET (19:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}