Concentra Completes Spin-off of Viant Holdings, Inc.ADDISON, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. -- Concentra (the "Company") today reported that it has completed the previously announced separation of its two principal operating segments - Health Services health services Managed care The benefits covered under a health contract and Network Services. Concentra accomplished the separation of these businesses through the spin-off of Viant Holdings, Inc. With the completion of this transaction, Concentra is now focused primarily on providing health care services through its nationwide network of 319 health centers located in 40 states, and on delivering an array of employer and payor services through its Health Solutions and Auto Injury Solutions lines of business. Commenting on the announcement, Jim Greenwood, Chief Executive Officer, said, "With the completion of this spin-off, our primary focus returns to our roots in providing exceptional health care services. We are determined to further broaden the use of our centers as we strive to improve the health and productivity of the American workforce. Considering the scale and experience we have developed in the field, and our leadership role in formulating and executing on strategies to help contain rising health care costs, we are excited to begin a new chapter in our company's growth story and look forward to the opportunities we see ahead for Concentra." Concentra is dedicated to improving the quality of life by making healthcare accessible and affordable. The Company provides employers, insurers and payors with a range of services that include employment-related injury and occupational health care as well as urgent care services. Concentra provides its services to approximately 220,000 employer locations. This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which the Company is making in reliance on the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and that the Company's actual results may differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, changes in nationwide employment and injury rate trends; operational, financing and strategic risks related to the Company's capital structure, acquisitions, separation transactions and growth strategy; the adverse effects of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. judgments or settlements; interruption in its data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a capabilities; the potential adverse impact of governmental regulation on the Company's operations; competitive pressures; adverse changes in market pricing, demand and other conditions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's services; possible fluctuations in quarterly and annual operations; and dependence on key management personnel. Additional factors include those described in the Company's filings with the Securities and Exchange Commission. |
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