diff --git a/pandas/core/internals/concat.py b/pandas/core/internals/concat.py
index 9bc2404cefcfa..4b43ed92441a1 100644
--- a/pandas/core/internals/concat.py
+++ b/pandas/core/internals/concat.py
@@ -94,12 +94,15 @@ def _concatenate_array_managers(
             concat_arrays([mgrs[i].arrays[j] for i in range(len(mgrs))])
             for j in range(len(mgrs[0].arrays))
         ]
-        return ArrayManager(arrays, [axes[1], axes[0]], verify_integrity=False)
     else:
         # concatting along the columns -> combine reindexed arrays in a single manager
         assert concat_axis == 0
         arrays = list(itertools.chain.from_iterable([mgr.arrays for mgr in mgrs]))
-        return ArrayManager(arrays, [axes[1], axes[0]], verify_integrity=False)
+        if copy:
+            arrays = [x.copy() for x in arrays]
+
+    new_mgr = ArrayManager(arrays, [axes[1], axes[0]], verify_integrity=False)
+    return new_mgr
 
 
 def concat_arrays(to_concat: list) -> ArrayLike:
diff --git a/pandas/tests/reshape/concat/test_concat.py b/pandas/tests/reshape/concat/test_concat.py
index a4c9e333f4d9c..347fd6e9f5bba 100644
--- a/pandas/tests/reshape/concat/test_concat.py
+++ b/pandas/tests/reshape/concat/test_concat.py
@@ -8,8 +8,6 @@
 import numpy as np
 import pytest
 
-import pandas.util._test_decorators as td
-
 import pandas as pd
 from pandas import (
     DataFrame,
@@ -43,9 +41,7 @@ def test_append_concat(self):
         assert isinstance(result.index, PeriodIndex)
         assert result.index[0] == s1.index[0]
 
-    # TODO(ArrayManager) using block internals to verify, needs rewrite
-    @td.skip_array_manager_invalid_test
-    def test_concat_copy(self):
+    def test_concat_copy(self, using_array_manager):
         df = DataFrame(np.random.randn(4, 3))
         df2 = DataFrame(np.random.randint(0, 10, size=4).reshape(4, 1))
         df3 = DataFrame({5: "foo"}, index=range(4))
@@ -53,30 +49,43 @@ def test_concat_copy(self):
         # These are actual copies.
         result = concat([df, df2, df3], axis=1, copy=True)
 
-        for b in result._mgr.blocks:
-            assert b.values.base is None
+        for arr in result._mgr.arrays:
+            assert arr.base is None
 
         # These are the same.
         result = concat([df, df2, df3], axis=1, copy=False)
 
-        for b in result._mgr.blocks:
-            if b.dtype.kind == "f":
-                assert b.values.base is df._mgr.blocks[0].values.base
-            elif b.dtype.kind in ["i", "u"]:
-                assert b.values.base is df2._mgr.blocks[0].values.base
-            elif b.is_object:
-                assert b.values.base is not None
+        for arr in result._mgr.arrays:
+            if arr.dtype.kind == "f":
+                assert arr.base is df._mgr.arrays[0].base
+            elif arr.dtype.kind in ["i", "u"]:
+                assert arr.base is df2._mgr.arrays[0].base
+            elif arr.dtype == object:
+                if using_array_manager:
+                    # we get the same array object, which has no base
+                    assert arr is df3._mgr.arrays[0]
+                else:
+                    assert arr.base is not None
 
         # Float block was consolidated.
         df4 = DataFrame(np.random.randn(4, 1))
         result = concat([df, df2, df3, df4], axis=1, copy=False)
-        for b in result._mgr.blocks:
-            if b.dtype.kind == "f":
-                assert b.values.base is None
-            elif b.dtype.kind in ["i", "u"]:
-                assert b.values.base is df2._mgr.blocks[0].values.base
-            elif b.is_object:
-                assert b.values.base is not None
+        for arr in result._mgr.arrays:
+            if arr.dtype.kind == "f":
+                if using_array_manager:
+                    # this is a view on some array in either df or df4
+                    assert any(
+                        np.shares_memory(arr, other)
+                        for other in df._mgr.arrays + df4._mgr.arrays
+                    )
+                else:
+                    # the block was consolidated, so we got a copy anyway
+                    assert arr.base is None
+            elif arr.dtype.kind in ["i", "u"]:
+                assert arr.base is df2._mgr.arrays[0].base
+            elif arr.dtype == object:
+                # this is a view on df3
+                assert any(np.shares_memory(arr, other) for other in df3._mgr.arrays)
 
     def test_concat_with_group_keys(self):
         # axis=0
diff --git a/pandas/tests/reshape/concat/test_dataframe.py b/pandas/tests/reshape/concat/test_dataframe.py
index dde8c0c19165f..01763926c6d89 100644
--- a/pandas/tests/reshape/concat/test_dataframe.py
+++ b/pandas/tests/reshape/concat/test_dataframe.py
@@ -192,3 +192,16 @@ def test_concat_duplicates_in_index_with_keys(self):
         expected = DataFrame(data=data, index=mi)
         tm.assert_frame_equal(result, expected)
         tm.assert_index_equal(result.index.levels[1], Index([1, 3], name="date"))
+
+    @pytest.mark.parametrize("ignore_index", [True, False])
+    @pytest.mark.parametrize("order", ["C", "F"])
+    @pytest.mark.parametrize("axis", [0, 1])
+    def test_concat_copies(self, axis, order, ignore_index):
+        # based on asv ConcatDataFrames
+        df = DataFrame(np.zeros((10000, 200), dtype=np.float32, order=order))
+
+        res = concat([df] * 5, axis=axis, ignore_index=ignore_index, copy=True)
+
+        for arr in res._iter_column_arrays():
+            for arr2 in df._iter_column_arrays():
+                assert not np.shares_memory(arr, arr2)