SELECT MEDICAL SIGNS AGREEMENT WITH BALLAD HEALTH TO OPERATE JOINT VENTURE CRITICAL ILLNESS RECOVERY HOSPITAL

Core Viewpoint - Select Medical Corporation has entered into a partnership with Ballad Health to jointly operate Select Specialty Hospital – Tri-Cities, enhancing critical illness recovery services in the region [1][3]. Group 1: Partnership Details - Select Medical will be the majority owner and managing partner of the 46-bed joint venture hospital, which will relocate from Bristol Regional Medical Center to Indian Path Community Hospital after regulatory approval [2]. - The partnership aims to expand access to critical illness recovery services, aligning with Ballad Health's commitment to high-quality, specialized care [3]. Group 2: Operational Impact - The relocation of Select Specialty Hospital – Tri-Cities to Kingsport is expected to improve post-acute care and ensure patients receive specialized care closer to home [3]. - Select Medical operates six additional critical illness recovery hospitals across Tennessee, indicating a strong presence in the state [3]. Group 3: Company Background - As of March 31, 2025, Select Medical operates 104 critical illness recovery hospitals, 35 rehabilitation hospitals, and 1,911 outpatient rehabilitation clinics across the United States [5]. - The company has a significant operational footprint, with facilities in 41 states and the District of Columbia [5].