Select Medical and Dignity Health to Combine Concentra and U.S. HealthWorks


Fried Frank acted as counsel to Goldman Sachs as financial advisor to Dignity Health in its definitive agreement to combine its subsidiary U.S. HealthWorks with Concentra Group Holdings, an occupational medicine and urgent care service provider. The transaction values U.S. HealthWorks at US$753 million, subject to certain adjustments in accordance with the terms set forth in the Purchase Agreement. Dignity Health will receive a 20% equity interest in the combined entity, valued at US$238 million, and the remainder of the purchase price in cash.

The Fried Frank team was led by corporate partner Philip Richter and included corporate special counsel Ryan M. Williams.