Concentra and U.S. Healthworks to merge

Select Medical and Dignity Health have agreed to merge Concentra and U.S. Healthworks. The deal will put U.S. Healthworks as a valuation of $753 million. According to terms of the transaction, Concentra will acquire all of the issued and outstanding shares of stock of U.S. HealthWorks from DHHC. After the closing, Dignity Health will take a 20 percent stake in the combined company valued at $238 million. U.S. HealthWorks is an operator of occupational healthcare centers while Concentra was formed as a joint venture between Select Medical Corp, a subsidiary of Select Medical, Welsh, Carson, Anderson & Stowe and other minority equity holders that include Cressey & Company.

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