Concentra Operating Corporation Announces Successful Completion of Exchange Offer for Senior Subordinated Notes.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 Operating Corporation (the "Company") today announced the final results of its offer to exchange (the "Exchange Offer") $155,000,000 aggregate principal amount of its outstanding 9-1/8% Senior Subordinated Notes due 2012 (the "Old Notes") for $155,000,000 aggregate principal amount of its 9-1/8% Senior Subordinated Notes due 2012 (the "New Notes"), which have been registered under the Securities Act of 1933. The Exchange Offer expired today at 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time. Based on the final count by the exchange agent, 100% of the $155,000,000 aggregate principal amount of the outstanding Old Notes was tendered for exchange. This release shall not constitute an offer or a solicitation of an offer to exchange these securities. The Exchange Offer has and will only be made by the Exchange Offer Prospectus. Concentra Operating Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Concentra Inc., is the comprehensive outsource solution for containing healthcare and disability costs. Serving the occupational, auto and group healthcare markets, Concentra provides employers, insurers and payors with a series of integrated services which include employment-related injury and occupational health care, in-network and out-of-network medical claims review and repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing , access to specialized preferred provider organizations pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. , first notice of loss services, case management and other cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. services. Concentra provides its services to over 135,000 employer locations and more than 3,700 insurance companies, health plans and third party administrators nationwide. |
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