Concentra Group Holdings Parent, Inc. filed an 8-K on August 27, 2026, disclosing that it entered into a stock repurchase agreement on August 21, 2026, to buy 1,000,000 shares of its common stock from Board Chairman Robert A. Ortenzio and certain related entities in a privately-negotiated transaction.

Key Highlights

  • Shares repurchased: 1,000,000 shares of common stock, $0.01 par value per share, purchased from Robert A. Ortenzio and certain related entities.
  • Purchase price: $34.65 per share, representing a 1% discount to the closing price on August 21, 2026, for a total of $34,650,000.
  • Transaction closed: August 24, 2026, funded through the company's cash on hand.
  • Share count impact: The repurchased shares represent approximately 0.784% of issued and outstanding shares immediately prior to the transaction, according to the filing.
  • Committee approval: The Audit and Compliance Committee of the Board, comprised solely of independent directors, approved the Stock Repurchase Agreement.
  • Seller's stated purpose: The Stockholders informed the company they are entering the agreement "in order to diversify their investment portfolios for financial planning purposes."

Concentra Buys Back Shares from Chairman Under Existing Repurchase Program

According to the 8-K filed by Concentra Group Holdings Parent, Inc. (NYSE:CON) with the SEC, the company entered into a Stock Repurchase Agreement on August 21, 2026, with Robert A. Ortenzio, chairman of the company's Board of Directors, and certain related entities identified on Schedule I of the agreement. The company agreed to purchase 1,000,000 shares of its common stock at $34.65 per share, reflecting a 1% discount to the August 21, 2026, closing price, for a total consideration of $34,650,000.

The filing states that the transaction was privately negotiated and closed on August 24, 2026. The purchase was funded using the company's cash on hand and was conducted under the company's previously announced share repurchase program. The repurchased shares represented approximately 0.784% of the company's issued and outstanding common stock immediately before the transaction closed.

The Audit and Compliance Committee of the Board, which the filing states is comprised solely of independent directors, approved the agreement. The filing notes that the Stock Repurchase Agreement contains "customary representations and warranties and covenants." The full text of the agreement was filed as Exhibit 10.1 to the Current Report. The 8-K was signed by Timothy Ryan, Executive Vice President and Chief Legal Counsel, on August 27, 2026.

What Was Disclosed

The filing disclosed a privately-negotiated repurchase of 1,000,000 shares of common stock from Board Chairman Robert A. Ortenzio and related entities at $34.65 per share, totaling $34,650,000, approved by the Audit and Compliance Committee and funded from cash on hand.