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From the CEO Concentra to merge with Humana

11/22/2010

From the CEO:

Today I am excited to announce that Concentra is joining forces with Humana, one of the leading health companies in America. I speak for Concentra’s entire leadership team in saying this is a very positive and exciting event for our company.

Concentra has been attractive to investors for some time, due to our unique business model, large and established medical practice, geographic footprint and service infrastructure, continual business innovation, and strong focus on customer service. Humana values Concentra’s ability to manage medical practices, our focus on evidence-based medicine and outcomes measurement, and our primary care-based practice, making Concentra a strategic acquisition that will help both organizations realize a common vision.

Humana’s focus is to strengthen and facilitate Concentra’s growth in every area of the organization. They admire what we have accomplished and how we have developed our business, and expect us to continue with our core strategies, helping in any way they can. Humana remains extremely impressed by Concentra’s leadership, and we are excited about the opportunities that this will create for both organizations.

We anticipate this transaction will be completed in December, pending regulatory approval. Concentra will continue to operate in the same manner with the same leadership team, and under the Concentra brand and as Auto Injury Solutions, as business units within the Humana enterprise. Concentra will continue its focus on quality medical outcomes, improved access to care, and innovative health care solutions.

Of course, with any type of merger, some changes are to be expected as two organizations align processes and enhance services. Most clients and patients should see only minor changes and should not see any disruption in service. We will continue to provide clients with trusted and proven health care services, with the quality they’ve come to expect from Concentra.

We truly believe that Humana is the best fit for our organization, our colleagues, and our customers. Concentra and Humana share cultural philosophies and missions, including a strong desire to continually improve, to innovate, to deliver outstanding health care service, and to be an employer of choice. And Concentra will be part of a Fortune 100 company that has significant resources to help us achieve our goals.

We appreciate the trust our clients and patients place in Concentra to care for their health needs. With Humana investing in Concentra, both organizations can achieve their goals faster and more effectively. We believe this is a true ‘win-win’ event and will give us the opportunity to change and grow in ways we’ve never envisioned.

Sincerely,

James M. Greenwood
Concentra Chief Executive Officer

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