Select Medical

Select Medical is a healthcare company with approximately 36,050 employees throughout the United States. It owns long term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. The company is based in Mechanicsburg, Pennsylvania and was co-founded in 1996 by Rocco Ortenzio and Robert Ortenzio. Its parent company is Select Medical Holdings, which is listed on the New York Stock Exchange.

Select Medical
Limited company
Traded asNYSE: SEM
S&P 600 Component
IndustryHealthcare
Founded1996 (1996)
HeadquartersMechanicsburg, Pennsylvania, United States
Key people
ProductsSpecialty healthcare services
Revenue $5.2 billion USD (2018)[1]
Number of employees
47,596[2] (2017)
Websitewww.selectmedical.com

History

Further growth in this newest care line continued through joint ventures with Penn State Milton S. Hershey Medical Center, SSM Health Care - St. Louis and Baylor Health Care System in 2011.

In 2015, Select Medical completed one of its largest acquisition to date when it entered into a joint venture partnership for the purchase of Concentra, a national health care company that delivers a wide range of medical services, including urgent care, occupational medicine and physical therapy.[3]

In 2016, Select Medical divested its Contract Therapy business, Select Medical Rehabilitation Services, to an affiliate of Revelstoke Capital Partners LLC.[4] Select Medical also acquired Physiotherapy Associates, a national provider of outpatient physical rehabilitation care.[5]

Company Timeline

December 2012: Company announces post-acute care partnership with Emory Healthcare

June 2013: Company announces acquisition of inpatient rehabilitation facilities that become HonorHealth Rehabilitation Hospital and Select Specialty Hospital of San Antonio; company announces an expanded partnership with OhioHealth creating the OhioHealth Rehabilitation Hospital

December 2013: Company announces partnership with Cedars-Sinai and UCLA Health System to create the California Rehabilitation Institute[6]

March 2014: Company announces partnership with TriHealth to operate the TriHealth Rehabilitation Hospital serving the greater Cincinnati area[7]

June 2014: Company announces joint venture with the Cleveland Clinic to operate the Cleveland Clinic Rehabilitation Hospital in Northeast Ohio[8]

July 2014: Company announces joint venture with PinnacleHealth System to operate the Helen M. Simpson Rehabilitation Hospital and 23 outpatient clinics in Central Pennsylvania[9]

June 2015: Company completes acquisition of Concentra Inc., a national health care company that delivers a wide range of medical services, including urgent care, occupational medicine and physical therapy;[3] the company also announces a strategic partnership with New Orleans-based Ochsner Health System to build a new inpatient rehabilitation facility[10]

February 2016: Company announces agreement with Kindred Healthcare, Inc. to acquire hospitals from each other.[11]

March 2016: Company announces sale of its Contract Therapy business[4] and completes acquisition of Physiotherapy Associates (Physio)[5]

June 2016: Company completes the exchange of Hospitals with Kindred Healthcare. Inc.[12]

References
  1. "Select Medical 2015 Annual Report" (PDF).
  2. "Select Medical Holdings". Fortune. Retrieved 2019-01-15.
  3. "Concentra Acquisition" (PDF).
  4. "Select Medical Rehabilitation Services Divestiture" (PDF).
  5. "Physio Acquisition" (PDF).
  6. "California Rehabilitation Institute Announcement" (PDF).
  7. "TriHealth Rehabilitation Hospital Announcement" (PDF).
  8. "Cleveland Clinic Rehabilitation Hospital Announcement" (PDF).
  9. "Pinnacle Health Announcement" (PDF).
  10. "Ochsner Announcement" (PDF).
  11. "Kindred Healthcare Announcement" (PDF).
  12. "Kindred Healthcare Completion" (PDF).
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