MECHANICSBURG, Pa. , Dec. 3, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Holdings") (NYSE: SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings ("Select"), has completed a private offering (the "Offering") of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032 (the "notes"). The notes are senior unsecured obligations of Select and are... Read More

MECHANICSBURG, Pa. , Nov. 25, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced that we have completed our previously announced distribution (the "Distribution") of 104,093,503 shares of common stock of Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON) owned by Select Medical Corporation ("SMC"), a wholly owned subsidiary of Select... Read More

MECHANICSBURG, Pa. , Nov. 19, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced the distribution ratio for the previously announced special stock distribution (the "Distribution") to its stockholders of its equity interest in Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON). Based on the shares of Select Medical's common stock... Read More

MECHANICSBURG, Pa. , Nov. 18, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Holdings") (NYSE: SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings ("Select"), has priced a private offering (the "Offering") of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032 (the "notes"). The Offering is expected to close on December 3, 2024 , subject to the... Read More

MECHANICSBURG, Pa. , Nov. 18, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Holdings") (NYSE: SEM), today announced that Select Medical Corporation ("Select") has commenced a private offering (the "Offering"), subject to market and other customary conditions, of $850 million in aggregate principal amount of senior notes due 2032 (the "notes"). The notes will be senior unsecured obligations of Select and will be... Read More

MECHANICSBURG, Pa. , Nov. 6, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced that its Board of Directors has approved a special stock distribution (the "Distribution") to Select Medical's stockholders of the 104,093,503 shares of common stock of Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON) owned by Select Medical Corporation... Read More

MECHANICSBURG, Pa. , Oct. 31, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its third quarter ended September 30, 2024 , and the declaration of a cash dividend. For the third quarter ended September 30, 2024, revenue increased 5.7% to $1,761.2 million , compared to $1,665.7 million for the same quarter, prior year. Income from... Read More

New SSM Health Rehabilitation Hospital will open in December 2024 MECHANICSBURG, Pa. and OKLAHOMA CITY , Oct. 17, 2024 /PRNewswire/ -- Select Medical Corporation ("Select Medical") and SSM Health today announced the formation of a joint venture partnership to own and operate a 50-bed inpatient rehabilitation hospital in Oklahoma City to be named SSM Health Rehabilitation Hospital – Oklahoma City . The hospital will operate... Read More

MECHANICSBURG, Pa. , Oct. 1, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its third quarter ended September 30, 2024 on Thursday, October 31, 2024 after the market closes. Select Medical will host a conference call regarding its third quarter results, as well as its business outlook, on Friday, November 1, 2024 , at 9:00am ET . The conference... Read More

MECHANICSBURG, Pa. , Sept. 4, 2024 /PRNewswire/ - - Select Medical Corporation ("Select Medical") today announced the signing of a definitive agreement to purchase Valir Rehabilitation Hospital, a 50-bed inpatient rehabilitation facility in Oklahoma City , from Valir Health. Financial terms of the deal were not disclosed. "We are excited to bring best-in-class inpatient rehabilitative care to meet the demands of the growing... Read More

MECHANICSBURG, Pa. , Aug. 1, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its second quarter ended June 30, 2024 , and the declaration of a cash dividend. For the second quarter ended June 30, 2024, revenue increased 5.1% to $1,759.7 million , compared to $1,674.5 million for the same quarter, prior year. Income from operations was... Read More

MECHANICSBURG, Pa. , and LOS ANGELES , July 31, 2024 /PRNewswire/ -- Select Medical and Cedars-Sinai today announced the launch of a specialized spine care program for patients with acute or chronic spine conditions. The evidence-based physical therapy program, an outgrowth of a joint partnership between Select Medical and Cedars-Sinai, will be delivered at 11 Select Physical Therapy centers across the Los Angeles region.... Read More

MECHANICSBURG, Pa. and ADDISON, Texas , July 24, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM) and Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON), a wholly owned subsidiary of Select Medical, today announced the pricing of Concentra's initial public offering ("IPO") of 22,500,000 shares of Concentra's common stock at a price to the public of $23.50 per share. In... Read More

MECHANICSBURG, Pa. , July 15, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM) today announced that Concentra Group Holdings Parent, Inc. ("Concentra"), a wholly owned subsidiary of Select Medical, has launched a roadshow for the initial public offering ("IPO") of 22,500,000 shares of its common stock. Concentra expects to grant the underwriters a 30-day option to purchase up to an... Read More

MECHANICSBURG, Pa. , July 12, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced an estimate of certain financial results of its wholly-owned subsidiary, Concentra Group Holdings Parent, Inc. ("Concentra"), for the second quarter ended June 30, 2024 in advance of the announcement of Select Medical's actual results, which is expected to occur after... Read More

MECHANICSBURG, Pa. , July 10, 2024 /PRNewswire/ -- Joint venture partners Select Medical and UPMC announced plans to open Helen M. Simpson Rehabilitation Hospital - West Shore in Q2 2025. A satellite of its namesake, the acute inpatient rehabilitation hospital will serve the needs of the growing Central Pennsylvania West Shore region. The 20-bed hospital-in-a-hospital will feature a state-of-the-art therapy gym and advanced... Read More

MECHANICSBURG, Pa. , June 28, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its second quarter ended June 30, 2024 on Thursday, August 1, 2024 after the market closes. Select Medical will host a conference call regarding its second quarter results, as well as its business outlook, on Friday, August 2, 2024 , at 9:00am ET . The conference call... Read More

MECHANICSBURG, Pa. , June 26, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select") (NYSE: SEM) and Concentra Group Holdings Parent, Inc. ("Concentra"), today announced that Concentra Escrow Issuer Corporation ("Issuer"), a wholly-owned subsidiary of Concentra Health Services, Inc. ("CHSI"), has priced its offering of $650 million aggregate principal amount of 6.875% senior notes due 2032. The notes are being... Read More

MECHANICSBURG, Pa. , June 25, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select") (NYSE: SEM) and Concentra Group Holdings Parent, Inc. ("Concentra") today announced that Concentra Escrow Issuer Corporation ("Issuer"), a wholly-owned subsidiary of Concentra Health Services, Inc. ("CHSI"), commenced an offering of $750 million in aggregate principal amount of senior notes due 2032. The notes are being offered... Read More

MECHANICSBURG, Pa. , May 2, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its first quarter ended March 31, 2024, and the declaration of a cash dividend. For the first quarter ended March 31, 2024, revenue increased 7.4% to $1,788.8 million , compared to $1,665.0 million for the same quarter, prior year. Income from operations... Read More

MECHANICSBURG, Pa. , April 5, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its first quarter ended March 31, 2024 on Thursday, May 2, 2024 after the market closes. Select Medical will host a conference call regarding its first quarter results, as well as its business outlook, on Friday, May 3, 2024 , at 9:00am ET . The conference call will be... Read More

ADDISON, Texas , March 18, 2024 /PRNewswire/ -- Concentra Group Holdings Parent, Inc. ("Concentra") today announced that it has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been... Read More

MECHANICSBURG, Pa. , Feb. 27, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) announced today that it has received a favorable private letter ruling from the Internal Revenue Service (the "IRS") with respect to the tax-free status of its previously announced plan to pursue a separation of its wholly-owned occupational health services business, Concentra Group... Read More

MECHANICSBURG, Pa. , Feb. 22, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its fourth quarter and year ended December 31, 2023 and the declaration of a cash dividend. For the fourth quarter ended December 31, 2023, revenue increased 4.9% to $1,658.9 million , compared to $1,581.5 million for the same quarter, prior year. Income from... Read More

MECHANICSBURG, Pa. , Jan. 22, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its fourth quarter and full year ended December 31, 2023 on Thursday, February 22, 2024 after the market closes. Select Medical will host a conference call regarding its fourth quarter and full year results, as well as its business outlook, on Friday, February 23, 2024... Read More

MECHANICSBURG, Penn. , Jan. 3, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced that its board of directors has approved a plan to pursue the separation of Select Medical's wholly-owned occupational health services business, Concentra Group Holdings Parent, LLC ("Concentra" and such business, the "Concentra business"). If consummated, the potential... Read More

MECHANICSBURG, Pa. , Nov. 2, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its third quarter ended September 30, 2023, and the declaration of a cash dividend. For the third quarter ended September 30, 2023, revenue increased 6.2% to $1,665.7 million , compared to $1,567.8 million for the same quarter, prior year. Income from... Read More

MECHANICSBURG, Pa. , Oct. 4, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its third quarter ended September 30, 2023 on Thursday, November 2, 2023 after the market closes. Select Medical will host a conference call regarding its third quarter results, as well as its business outlook, on Friday, November 3, 2023 , at 9:00am ET . The conference... Read More

MECHANICSBURG, Penn. , Sept. 7, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced 12 executive management appointments, effective October 1, 2023 . John Saich and Thomas Mullin have been promoted to co-presidents of the organization, and Michael Malatesta has been named executive vice president and chief financial officer. A 26-year veteran of Select... Read More

MECHANICSBURG, Pa. , Aug. 24, 2023 /PRNewswire/ -- Select Medical today announced that 10 of its inpatient rehabilitation hospitals in 18 locations have been named to Newsweek's 2023 list of America's Best Physical Rehab Centers. "We're delighted that for a third consecutive year, our rehabilitation hospitals have populated the top positions in the national Newsweek rankings," said Tom Mullin , executive vice president of... Read More

MECHANICSBURG, Pa. , Aug. 3, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its second quarter ended June 30, 2023, and the declaration of a cash dividend. For the second quarter ended June 30, 2023, revenue increased 5.7% to $1,674.5 million , compared to $1,584.7 million for the same quarter, prior year. Income from operations... Read More

MECHANICSBURG, Pa. , July 19, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) is currently in discussions with its lenders regarding a proposed refinancing of certain of its outstanding indebtedness. In connection with such discussions, Select Medical today announced an estimate of certain financial results for its second quarter ended June 30, 2023 in advance of... Read More

MECHANICSBURG, Pa. , July 7, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its second quarter ended June 30, 2023 on Thursday, August 3, 2023 after the market closes. Select Medical will host a conference call regarding its second quarter results, as well as its business outlook, on Friday, August 4, 2023 , at 9:00am ET . The conference call... Read More

MECHANICSBURG, Pa. , May 4, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced results for its first quarter ended March 31, 2023, and the declaration of a cash dividend. For the first quarter ended March 31, 2023, revenue increased 4.1% to $1,665.0 million , compared to $1,599.5 million for the same quarter, prior year. Income from operations... Read More

MECHANICSBURG, Pa. , April 7, 2023 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its first quarter ended March 31, 2023 on Thursday, May 4, 2023 after the market closes. Select Medical will host a conference call regarding its first quarter results, as well as its business outlook, on Friday, May 5, 2023 , at 9:00am ET . The conference call will be... Read More

MECHANICSBURG, Pa. , April 5, 2023 /PRNewswire/ -- Select Medical today announced it has signed an agreement to acquire Vibra Hospital of Richmond , a long-term acute care hospital in Richmond , Virginia. Financial terms of the deal were not disclosed. Under Select Medical's new ownership, the 63-bed hospital will carry the brand Select Specialty Hospital – Richmond and provide post-ICU medical care for chronic, critically... Read More

MECHANICSURG, Pa. , March 20, 2023 /PRNewswire/ -- Select Medical today announced plans to build a new specialty hospital to include critical illness recovery and inpatient rehabilitative care in the Dr. Phillips suburb of Orlando , Florida. The state-of-the-art, 63-bed facility will be located at 7450 Sand Lake Commons Blvd. in Orlando. "We have seen a tremendous growing need for post-ICU and inpatient rehabilitative care... Read More

MECHANICSBURG, Pa. and FORT WAYNE, Ind. , March 13, 2023 /PRNewswire/ -- Select Medical Corporation (Select Medical) and Lutheran Health Network of Indiana , LLC, a subsidiary of Community Health Systems (CHS) today announced the formation of a joint venture to provide inpatient rehabilitation and critical illness recovery care in Fort Wayne , Indiana. As part of the agreement, CHS will contribute its existing 36-bed... Read More