Concentra to repay some term debt with asset sale proceeds

By Sara Rosenberg

New York, Nov. 2 - Concentra Operating Corp. plans to repay some of its term loan debt using about $25 million to $30 million of the net after-tax cash proceeds it receives from the sale of its First Notice Systems, Inc. subsidiary, according to a company news release.

The sale is expected to be completed later this year.

Concentra is an Addison, Texas, provider of services designed to contain health care and disability costs.

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