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Move would expand firm's group-health offerings
Concentra Operating Corp. agreed to acquire national PPO company Beech Street Corp. for $165 million in a bid to expand its grouphealth offerings.
Founded in 1951 as a third-party administrator for the workers' compensation market, privately held Beech Street expanded into a full-service PPO for the group-health market in 1984. The Lake Forest, Calif.-based company serves 600 clients, covering...