Take SEM Off the Menu? Executive Chairman Gives Premium Offer

Key Takeaways SEM received a non-binding take-private proposal offering $16 to $16.20 per share.The bid comes from Executive Chairman Robert A. Ortenzio, signaling interest in private control.The move follows a 63.8% stock drop and a valuation below SEM's five-year median and industry average.Select Medical Holdings Corporation (SEM) announced that its executive chairman has submitted a take-private proposal to the board. The company acknowledged the proposal publicly, indicating the board is reviewing it. ...