Continuum Sells Clinic Operations to Concentra

Jun 14, 2001, 01:00 ET from Continuum

    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
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SOURCE Continuum