Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. We should also highlight that SEM has a P/B ratio of 3.12. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. SEM's current P/B looks attractive when compar ...

Certain statements contained herein that are not descriptions of historical facts are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements use words such as "expect," "estimate," "anticipate," "outlook," "intend," "plan," "confident," "believe," "will," "should," "would," "potential," "positioning," "proposed," "planned," "objective," "likely," "could," "may," and words of similar meaning, as well as other words or express ...

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Concentra has received approval to list its common stock on the New York Stock Exchange under the ticker symbol "CON." The IPO is contingent on market and other conditions, with no guarantees regarding its completion, size or terms. Select Medical partnered with private equity firm Welsh, Carson, Anderson & Stowe XII, L.P. to acquire Concentra from Humana (HUM) in 2015. However, at the beginning of this year, SEM unveiled plans to separate Concentra, aiming to establish it as a new publicly traded entity by ...

After the completion of the IPO, Select Medical will own 104,093,503 shares of Concentra's common stock, representing 82.23% of the total outstanding shares of Concentra's common stock (or 80.09% if the underwriters exercise in full their over-allotment option). Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on number of facilities. Select Medical's ...

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 market close on Thursday, August 1, 2024. The expectations regarding Concentra's financi ...

Select Medical Holdings Corporation (SEM) recently collaborated with Pittsburgh-based healthcare provider, UPMC, to unveil plans to open a satellite facility of the original Helen M. Simpson Rehabilitation Hospital, a joint venture hospital of SEM and UPMC. A satellite facility, as defined in SEM's annual filing, is a long-term care hospital ("LTCH") that uses the same Medicare provider number as its affiliated "primary site" LTCH and is generally located within 35 miles of the primary site. Satellite LTCHs ...

Investor inquiries: For listeners wishing to dial-in via telephone, or participate in the question and answer session, you may preregister for the call at Select Medical Earnings Call Registration to obtain your dial-in number and unique passcode for the call. Joel T. Veit Senior Vice President and Treasurer 717-972-1100 [email protected] MECHANICSBURG, Pa., June 28, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM), will release the financial results for its second qua ...

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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 offered in connection with Select's previously announced plan to pursue a separation o ...