Select Medical Holdings Corporation

Select Medical Holdings Corporation (NYSE: SEM) is one of the largest operators of specialty hospitals and outpatient rehabilitation clinics in the United States. The company operates through three reportable segments: critical illness recovery hospitals (103 hospitals in 28 states), rehabilitation hospitals (41 hospitals in 15 states), and outpatient rehabilitation clinics (1,912 clinics in 37 states and the District of Columbia). Critical illness recovery hospitals provide care for patients requiring extended acute care, rehabilitation hospitals offer intensive inpatient rehabilitation programs, and outpatient clinics deliver physical, occupational, and speech therapy services. As of March 31, 2026, Select Medical had operations in 38 states and the District of Columbia. The company is currently subject to a pending merger agreement with a consortium led by its co-founder and Executive Chairman Robert A. Ortenzio, affiliated with Welsh, Carson, Anderson & Stowe, which if completed would take the company private at $16.50 per share. Updated Jun 8, 2026