Concentra Gains Footprint in Lexington with UTC Acquisition
Acquisition brings more locations for convenient health care services
ADDISON, Texas, Sept. 4, 2012 /PRNewswire/ -- Concentra, a subsidiary of Humana Inc., announced today it has expanded its footprint in Kentucky with the acquisition of Urgent Treatment Clinics (UTC) in Lexington, which includes seven centers in the area.
While still preserving the Urgent Treatment Clinics name, this transaction represents a new market for Concentra, with seven new medical centers locations in Lexington and surrounding communities. The majority of UTC's medical support staff, non-medical personnel, and physicians, including UTC's former owners, Dr. Fadi Bacha and Dr. Larry Burns, have been retained by Concentra, building on the long-standing relationships that they have developed in the Lexington market. Financial details of the acquisition were not released.
"This is an excellent opportunity to grow our national footprint and further support the delivery of exceptional medical care to the Lexington marketplace," Ted Bucknam, Executive Vice President and Chief Operating Officer of Concentra. "UTC has a proven record of service to the community, providing comprehensive medical treatment for both the private patient and employer communities – a philosophy that parallels that of Concentra and ultimately results in tremendous benefits for patients and clients."
Through this purchase, UTC staff and providers gain additional resources from Concentra to continue to deliver exceptional patient care to the Lexington community; while the national urgent care provider continues to demonstrate its commitment to create additional access points for quality and convenient medical care. This acquisition supports Concentra's position as a national provider of urgent care services, and a growing demand for comprehensive health and wellness services.
Concentra's affiliates employ board-certified physicians, licensed therapists, occupational health specialists, and trained medical technicians to deliver exceptional heath care to patients across the country. Existing patients of UTC will have increased access to quality and convenient health services through Concentra Urgent Care locations. For a complete list of locations, visit www.Concentra.com.
Concentra is a leading health care company focused on improving America's health, one patient at a time. Through its affiliated clinicians, the company provides occupational medicine, urgent care, physical therapy, and wellness services from more than 330 medical centers in 40 states. In addition to these medical center locations, Concentra serves employers by providing a broad range of health advisory services and operating more than 270 worksite medical facilities. Through this complement of services, Concentra intends to raise the standard of health by putting individuals first, treating them with clinical excellence, and focusing on their ongoing wellness. www.Concentra.com
Humana Inc., headquartered in Louisville, Kentucky, is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
More information regarding Humana is available to investors via the Investor Relations page of the company's web site at www.humana.com , including copies of:
- Annual reports to stockholders;
- Securities and Exchange Commission filings;
- Most recent investor conference presentations;
- Quarterly earnings news releases;
- Replays of most recent earnings release conference calls;
- Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors);
- Corporate Governance information
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