Continuum Sells Clinic Operations to Concentra
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. MAKE YOUR OPINION COUNT -- Click Here http://tbutton.prnewswire.com/prn/11690X25943321
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