Select Medical
American healthcare company
From Wikipedia, the free encyclopedia
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics.
| |
| Type | Private |
|---|---|
| NYSE: SEM | |
| Industry | Healthcare |
| Founded | 1996 |
| Headquarters | Mechanicsburg, Pennsylvania, United States |
| Key people | |
| Products | Specialty healthcare services |
| Revenue |  $5.2 billion USD (2018)[1] |
Number of employees | 47,596[2] (2017) |
| Website | selectmedical.com |
History
The company is based in Mechanicsburg, Pennsylvania, and was co-founded in 1996 by Rocco Ortenzio and Robert Ortenzio.[3][4]
In 2009, the company announced a joint venture with SSM Health Care.[4]
In December 2012, the company announced a partnership with Emory Healthcare.[5]
In 2013, David Chernow was appointed CEO while co-founders Robert and Rocco Ortenzio became chairmen of the company.[3] In June, Select Medical acquired two inpatient rehabilitation facilities from GlobalRehab Management.[6] Also in 2013, Select Medical and OhioHealth Corp announced a joint venture and reopened the OhioHealth Rehabilitation Hospital in August 2013.[7] In December, the company announced a partnership with Cedars-Sinai and UCLA Health System to create the California Rehabilitation Institute.[8][9]
In March 2014, the company announced a joint venture with TriHealth to open the TriHealth Rehabilitation Hospital in Cincinnati.[10] In June, the company announced a joint venture with the Cleveland Clinic to operate a rehabilitation hospital in Avon, Ohio.[11] Also in June, the company announced a joint venture with PinnacleHealth System to co-own a rehabilitation hospital.[12]
In 2015, Select Medical completed its acquisition of Concentra, a national health care company.[13] Also in 2015, the company announced a partnership with Ochsner Health System.[14]
In February 2016, the company announced an agreement to swap hospitals with Kindred Healthcare.[15][16] In March, the company acquired Physiotherapy Associates Holdings.[16] In April, the company sold its Contract Therapy business to Encore Rehabilitation Services, a portfolio company of Revelstoke Capital Partners LLC.[16]
In July 2026, the company was acquired by a consortium led by Robert A. Ortenzio, Executive Chairman, Co-Founder and Director of Select Medical, Martin F. Jackson, Senior Executive Vice President of Strategic Finance and Operations of Select Medical, and Welsh, Carson, Anderson & Stowe.[17]