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. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

History

The company is based in Mechanicsburg, Pennsylvania, and was co-founded in 1996 by Rocco Ortenzio and Robert Ortenzio. In 2009, the company announced a joint venture with

SSM Health Care SSM Health is a Catholic, not-for-profit United States health care system with 11,000 providers and nearly 39,000 employees in four states, including Wisconsin, Oklahoma, Illinois, and Missouri. Based in St. Louis, Missouri, SSM Health owns hosp ...

. In December 2012, the company announced a partnership with

Emory Healthcare Emory Healthcare is a health care system in the U.S. state of Georgia (U.S. state), Georgia. It is part of Emory University and is the largest health care system in the state. It comprises 11 hospitals, the Emory Clinic and more than 250 provi ...

. In 2013, David Chernow was appointed CEO while co-founders Robert and Rocco Ortenzio became chairmen of the company. In June, Select Medical acquired two inpatient rehabilitation facilities from GlobalRehab Management. Also in 2013, Select Medical and OhioHealth Corp announced a joint venture and reopened the OhioHealth Rehabilitation Hospital in August 2013. In December, the company announced a partnership with

Cedars-Sinai Cedars-Sinai Medical Center is a nonprofit, tertiary, 886-bed teaching hospital and multi-specialty academic health science center located in Los Angeles, California. Part of the Cedars-Sinai Health System, the hospital employs a staff of over 2 ...

and UCLA Health System to create the California Rehabilitation Institute. In March 2014, the company announced a joint venture with TriHealth to open the TriHealth Rehabilitation Hospital in Cincinnati. In June, the company announced a joint venture with the Cleveland Clinic to operate a rehabilitation hospital in

Avon, Ohio Avon ( ) is a city in northeastern Lorain County, Ohio, United States. The population was 24,847 at the 2020 census. It is part of the Cleveland metropolitan area. History In the 17th century, what is now Avon, Avon Lake, Bay Village, and West ...

. Also in June, the company announced a joint venture with PinnacleHealth System to co-own a rehabilitation hospital. In 2015, Select Medical completed its acquisition of Concentra, a national health care company. Also in 2015, the company announced a partnership with

Ochsner Health System Ochsner Health System is a not-for-profit health system based in the New Orleans metropolitan area of southeast Louisiana, United States. it is the largest non-profit, academic healthcare system operating in Louisiana, with 40 medical facilitie ...

. In February 2016, the company announced an agreement to swap hospitals with

Kindred Healthcare Kindred Healthcare was a post-acute healthcare services company that operated long-term acute-care hospitals and provides rehabilitation services across the United States. Kindred's headquarters and support center were located in Louisville, Ke ...

. In March, the company acquired Physiotherapy Associates Holdings. In April, the company sold its Contract Therapy business to Encore Rehabilitation Services, a portfolio company of Revelstoke Capital Partners LLC.

References

{{Authority control Companies listed on the New York Stock Exchange Companies based in Harrisburg, Pennsylvania American companies established in 1996 Health care companies established in 1996 Private equity portfolio companies Health care companies based in Pennsylvania 2001 initial public offerings