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 ...

Cautionary Statement Regarding Forward-Looking Statements Joel T. Veit 717-972-1100 [email protected] The notes and related guarantees are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or to persons other than "U.S. persons" outside the United States in compliance with Regulation S under the Securities Act. The notes and related guarantees have not ...

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The increase in patient days and admissions within the Critical Illness Recovery Hospital and Rehabilitation Hospital segments may bolster investor confidence. Consequently, investors may consider holding onto their current positions in the stock. Image Source: Zacks Investment Research Factors to Consider: Strategic expansion of facilities is enabling the company to capture a larger market share. The upward trend in patient admissions due to rising disease incidence signals increasing demand for its servic ...