SELECT MEDICAL AND SSM HEALTH FORM JOINT VENTURE PARTNERSHIP TO OPERATE INPATIENT REHABILITATION HOSPITAL IN OKLAHOMA CITY

Group 1 - A new joint venture between Select Medical and SSM Health will establish a 50-bed inpatient rehabilitation hospital in Oklahoma City, named SSM Health Rehabilitation Hospital – Oklahoma City, set to open in December 2024 [1] - The new hospital will incorporate SSM Health's existing 12-bed acute rehabilitation unit from St. Anthony Hospital in Oklahoma City [1] - This partnership aims to enhance access to high-quality rehabilitation services in the region, building on a 15-year collaboration between the two organizations [2][3] Group 2 - Select Medical will be the majority owner and managing partner of the new joint venture, reflecting their commitment to quality, safety, and outcomes in post-acute care [3] - The existing partnership includes three inpatient rehabilitation hospitals and numerous outpatient physical therapy centers across the St. Louis region, demonstrating a strong operational footprint [2] - As of June 30, 2024, Select Medical operates 107 critical illness recovery hospitals and 33 rehabilitation hospitals across the United States, indicating significant scale and reach in the healthcare sector [5]