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SELECT MEDICAL HOLDINGS CORP - SEM STOCK NEWS

Welcome to our dedicated page for SELECT MEDICAL HOLDINGS news (Ticker: SEM), a resource for investors and traders seeking the latest updates and insights on SELECT MEDICAL HOLDINGS stock.

Select Medical Holdings Corp. (NYSE: SEM) is a prominent healthcare provider in the United States, specializing in four key areas: long-term acute care, inpatient medical rehabilitation, outpatient physical therapy, and contract therapy. The company's extensive network is supported by nearly 40,000 dedicated professionals who are committed to delivering high-quality care across the nation.

Select Medical's operations are divided into four main segments:

  • Critical Illness Recovery Hospitals: Designed for patients needing extended recovery time and specialized medical services, this segment includes 107 hospitals across 28 states.
  • Rehabilitation Hospitals: These facilities focus on helping patients regain their strength and functionality, comprising 33 hospitals in 12 states.
  • Outpatient Rehabilitation Clinics: With 1,933 clinics in 39 states and the District of Columbia, this segment provides physical therapy and rehabilitation services.
  • Concentra: This segment includes 544 occupational health centers and 150 onsite clinics at employer worksites, offering services such as workers' compensation injury care, physical exams, and preventive care.

Despite its significant growth, Select Medical remains dedicated to its foundational principles of clinical quality and operational excellence. The company's vision emphasizes putting patients first, constantly seeking improvement, and attracting top talent to deliver the best possible care.

In recent developments, Select Medical has been actively engaged in strategic initiatives to enhance its operations and financial performance. The company has announced plans for the potential separation of its Concentra business, aiming to create two independent, publicly traded entities. This move is intended to increase shareholder value and allow each company to focus on its core strengths.

Financially, Select Medical reported an estimated net operating revenue of approximately $1.67 billion for the second quarter of 2023, with an Adjusted EBITDA of about $219 million. The company continues to demonstrate robust financial health, with approximately $100 million in cash and $3.75 billion in indebtedness as of June 30, 2023.

Looking ahead, Select Medical remains committed to expanding its footprint and enhancing the quality of care provided to its patients. The company regularly updates its stakeholders through earnings calls and press releases, ensuring transparency and engagement with its investor base.

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Select Medical Holdings Corporation (NYSE: SEM) received a favorable tax ruling from the IRS for the potential separation of its occupational health services business, Concentra. This milestone aims to create two leading companies in their markets, as stated by Robert A. Ortenzio, Executive Chairman.
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Select Medical Holdings Corporation (NYSE: SEM) reported strong financial results for Q4 and FY 2023, with revenue and income growth across all key metrics. The company declared a cash dividend and showcased robust performance in its various segments.
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Select Medical Holdings Corporation (NYSE: SEM) will release its financial results for the fourth quarter and full year ended December 31, 2023, on February 22, 2024. The company will host a conference call to discuss the results and business outlook on February 23, 2024. Select Medical is a leading operator of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. As of December 31, 2023, the company operated in 46 states and the District of Columbia.
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Select Medical Holdings Corporation (NYSE: SEM) plans to pursue the separation of its wholly-owned occupational health services business, Concentra Group Holdings Parent, LLC. The potential separation aims to create two independent, publicly traded companies to increase stockholder value and strategic focus. The separation is intended to be completed in late 2024, with Select Medical's stockholders retaining their current shares and receiving a pro rata distribution of Concentra stock in a tax-free transaction.
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Select Medical Holdings Corporation (NYSE: SEM) announced its third quarter results for 2023, reporting a 6.2% increase in revenue to $1,665.7 million compared to the same quarter last year. Income from operations also increased by 42.1% to $130.0 million. Net income increased by 59.5% to $60.8 million, and adjusted EBITDA increased by 26.6% to $193.8 million. Earnings per common share increased by 75.8% to $0.38, and adjusted earnings per common share increased by 113.7% to $0.46.
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Select Medical Holdings Corporation will release its Q3 2023 financial results on November 2, 2023, after the market closes. A conference call regarding the results and business outlook will be held on November 3, 2023. Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the US.
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Select Medical Holdings Corporation announces 12 executive management appointments, including co-presidents and CFO.
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Select Medical's inpatient rehabilitation hospitals named to Newsweek's 2023 list of America's Best Physical Rehab Centers
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Select Medical Holdings Corporation (NYSE: SEM) announced a 5.7% revenue increase to $1,674.5 million for Q2 2023 compared to the same period last year, with a 31.6% increase in income from operations. Net income and Adjusted EBITDA also saw significant increases, resulting in a 38.6% and 21.3% growth, respectively. For the six months ended June 30, 2023, revenue and income from operations increased by 4.9% and 38.1%, respectively, compared to the same period last year. Net income and Adjusted EBITDA also experienced substantial growth, with 45.0% and 25.7% increases, respectively. Select Medical is a leading operator of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States, with operations in 46 states and the District of Columbia.
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FAQ

What is the current stock price of SELECT MEDICAL HOLDINGS (SEM)?

The current stock price of SELECT MEDICAL HOLDINGS (SEM) is $39.07 as of November 21, 2024.

What is the market cap of SELECT MEDICAL HOLDINGS (SEM)?

The market cap of SELECT MEDICAL HOLDINGS (SEM) is approximately 5.0B.

What are the main segments of Select Medical Holdings Corp.?

The main segments are Critical Illness Recovery Hospitals, Rehabilitation Hospitals, Outpatient Rehabilitation Clinics, and Concentra.

Where is Select Medical Holdings Corp. headquartered?

The company is headquartered in Pennsylvania, USA.

How many employees does Select Medical have?

Select Medical has nearly 40,000 employees across the United States.

What is the focus of Select Medical's Concentra segment?

Concentra focuses on occupational health services, including workers' compensation injury care, physical exams, clinical testing, and preventive care.

What recent financial achievements has Select Medical reported?

For the second quarter of 2023, Select Medical reported an estimated net operating revenue of $1.67 billion and an Adjusted EBITDA of approximately $219 million.

Is Select Medical planning any strategic changes?

Yes, Select Medical has announced plans for the potential separation of its Concentra business to create two independent, publicly traded companies.

How can investors stay updated on Select Medical's performance?

Investors can stay updated through earnings calls, press releases, and the company's official website at www.selectmedical.com.

How many rehabilitation hospitals does Select Medical operate?

Select Medical operates 33 rehabilitation hospitals across 12 states.

What is Select Medical's vision?

Select Medical's vision is to put the patient first, improve quality of life for communities, welcome new ideas, and attract and retain the best staff.

Where can I find detailed information about Select Medical's financial performance?

Detailed financial information can be found in the company's SEC filings and press releases on their official website.

SELECT MEDICAL HOLDINGS CORP

NYSE:SEM

SEM Rankings

SEM Stock Data

4.98B
106.35M
17%
78.97%
1.56%
Medical Care Facilities
Services-hospitals
Link
United States of America
MECHANICSBURG