Select Medical Distributes Concentra Shares to Shareholders
Select Medical(SEM) ZACKS·2024-11-26 14:10Hospital operator Select Medical Holdings Corporation (SEM) recently completed the spin-off of Concentra Group Holdings Parent, Inc. (CON) by distributing its 81.7% ownership stake in the company to its shareholders. Per the previously announced distribution plan, Select Medical distributed 104,093,503 shares of Concentra’s common stock.This was done through a pro-rata stock distribution, where shareholders of SEM received 0.806971 shares of Concentra common stock for each share of SEM they held as of the r ...