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ADDISON, Texas--Health care services company Concentra Inc. said Wednesday that it plans to separate its two principal operating units, Health Services and Network Services, into two companies.
Network Services, which negotiates out-of-network claims for group health payers, will be spun off into an independently operated company called Viant Holdings Inc. Concentra said it formed Viant in April as a wholly owned subsidiary to further its separation plan.
Health Services, which operates more than 300 occupational health centers in 40 U.S. states, will retain Concentra's name.
In a statement, Addison, Texas-based Concentra said it "believes that the separation of these two business segments will provide each company with greater strategic focus and will accomplish other related business purposes."
It anticipates completing the arrangement within 90 days.