SPRINGFIELD, Pa., June 14 /PRNewswire/ -- Continuum announced today that
it has completed a transaction in which it has sold the majority of the
operations of its' Practice Management Group to Concentra Health Services.
The transferred operations consist of 4 occupational medicine and physical
therapy centers in the greater Philadelphia area. Financial terms of the
transaction were not disclosed.
"This is a positive development for all parties," noted Peter Hotz,
Continuum's Founder and President. "This transaction will allow us to focus
our management and financial resources on the growth of our national
occupational health and disability management services and provides additional
working capital for continued investments in information technology and
operational expansion. In addition, we are pleased that Concentra will have a
strong presence in the Philadelphia region and look to them to work with our
customers and staff to continue the growth of these medical centers."
Continuum is the first national organization to provide a full spectrum of
occupational health and managed care services for the workplace. The
Company's comprehensive approach to employee health includes preventive and
compliance-related services, health promotion and fitness services and
workers' compensation and disability management. Continuum offers multiple
service delivery capabilities, including national provider networks, a wide
variety of on-site facilities and services, internet-enabled technology
solutions and mobile health units covering North America. Continuum's health
management solutions result in reduced costs, improved employee productivity
and increased administrative efficiency. For more information, please visit
the Company's web site at http://www.continuumhc.com.
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