{{short description|American healthcare company}} {{use mdy dates|date=January 2021}} {{Infobox company | name = Select Medical | logo = Select Medical logo.svg | type = Limited company | traded_as = {{nyse|SEM}}<br>S&P 600 Component | industry = Healthcare | foundation = {{start date|1996}} | location = Mechanicsburg, Pennsylvania, United States | key_people = {{Unbulleted list|Robert Ortenzio (Chairman)|David Chernow (President & CEO)}} | products = Specialty healthcare services | revenue = {{profit}} $5.2 billion USD (2018)<ref>{{cite web |url= http://www.selectmedical.com/uploadedFiles/Content/Investor_Relations/Annual_Financial_Information/2015-Annual-Report-10K-Combined.pdf |title= Select Medical 2015 Annual Report}}</ref> | num_employees = 47,596<ref>{{Cite web|url=http://fortune.com/fortune500/select-medical-holdings/|title=Select Medical Holdings|website=Fortune|access-date=2019-01-15}}</ref> | num_employees_year = 2017 | homepage = {{URL|http://www.selectmedical.com}} | company_slogan = }}
'''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.
== History == The company is based in Mechanicsburg, Pennsylvania, and was co-founded in 1996 by Rocco Ortenzio and Robert Ortenzio.<ref name=":0">{{Cite web|last=Stauffer|first=Heather|date=2013-12-23|title=David Chernow to succeed Robert Ortenzio as Select Medical CEO|url=https://www.cpbj.com/david-chernow-to-succeed-robert-ortenzio-as-select-medical-ceo/|archive-url=|archive-date=|access-date=2020-07-13|website=Central Penn Business Journal|language=en-US}}</ref><ref name=":2">{{Cite web|last=|first=|date=8 December 2009|title=SSM, Select Medical form joint venture|url=https://www.bizjournals.com/stlouis/stories/2009/12/07/daily19.html|archive-url=|archive-date=|access-date=|website=St. Louis Business Journal}}</ref>
In 2009, the company announced a joint venture with SSM Health Care.<ref name=":2" />
In December 2012, the company announced a partnership with Emory Healthcare.<ref>{{Cite web|last=|first=|date=2012-12-13|title=Emory Healthcare and Select Medical plan to partner in Georgia|url=http://news.emory.edu/stories/2012/12/ehc_select_medical_letter_of_intent/|archive-url=|archive-date=|access-date=2020-07-13|website=Emory University|language=en}}</ref>
In 2013, David Chernow was appointed CEO while co-founders Robert and Rocco Ortenzio became chairmen of the company.<ref name=":0" /> In June, Select Medical acquired two inpatient rehabilitation facilities from GlobalRehab Management.<ref>{{Cite web|last=O’Hare|first=Peggy|date=2013-06-21|title=Select Medical acquires interest in local rehab hospital|url=https://www.mysanantonio.com/news/local/article/Select-Medical-acquires-interest-in-local-rehab-4613378.php|access-date=2020-07-13|website=San Antonio Express-News}}</ref> Also in 2013, Select Medical and OhioHealth Corp announced a joint venture and reopened the OhioHealth Rehabilitation Hospital in August 2013.<ref>{{Cite web|last=Ghose|first=Carrie|date=27 June 2013|title=OhioHealth, Select Medical team up on stroke/trauma rehab unit|url=https://www.bizjournals.com/columbus/news/2013/06/27/ohiohealth-select-medical-team-up-on.html|archive-url=|archive-date=|access-date=|website=Columbus Business First}}</ref> In December, the company announced a partnership with Cedars-Sinai and UCLA Health System to create the California Rehabilitation Institute.<ref>{{Cite web|date=2013-12-20|title=Cedars-Sinai, UCLA Health System And Select Medical To Open Acute Rehabilitation Hospital|url=https://bhcourier.com/2013/12/20/cedars-sinai-ucla-health-system-select-medical-open-acute-rehabilitation-hospital/|access-date=2020-07-13|website=Beverly Hills Courier|language=en}}</ref><ref>{{Cite web|title=UCLA Health System, Cedars-Sinai, Select Medical to open rehabilitation hospital|url=https://dailybruin.com/2013/12/04/ucla-health-system-cedars-sinai-select-medical-to-open-rehabilitation-hospital/|access-date=2020-07-13|website=Daily Bruin}}</ref>
In March 2014, the company announced a joint venture with TriHealth to open the TriHealth Rehabilitation Hospital in Cincinnati.<ref>{{Cite web|last=Brunsman|first=Barrett|date=24 March 2014|title=TriHealth to open new hospital|url=https://www.bizjournals.com/cincinnati/news/2014/03/24/trihealth-to-open-new-hospital.html|archive-url=|archive-date=|access-date=|website=Cincinnati Business Courier}}</ref> In June, the company announced a joint venture with the Cleveland Clinic to operate a rehabilitation hospital in Avon, Ohio.<ref>{{Cite web|last=Stauffer|first=Heather|date=2014-06-10|title=Select Medical announces joint venture with Cleveland Clinic|url=https://www.cpbj.com/select-medical-announces-joint-venture-with-cleveland-clinic/|archive-url=|archive-date=|access-date=2020-07-13|website=Central Penn Business Journal|language=en-US}}</ref> Also in June, the company announced a joint venture with PinnacleHealth System to co-own a rehabilitation hospital.<ref>{{Cite web|last=Stauffer|first=Heather|date=2014-07-24|title=PinnacleHealth, Select Medical to co-own rehab hospital, 23 clinics in Central Pa.|url=https://www.cpbj.com/pinnaclehealth-select-medical-to-co-own-rehab-hospital-23-clinics-in-central-pa/|archive-url=|archive-date=|access-date=2020-07-13|website=Central Penn Business Journal|language=en-US}}</ref>
In 2015, Select Medical completed its acquisition of Concentra, a national health care company.<ref>{{Cite web|last=George|first=John|date=23 March 2015|title=Select Medical to buy Concentra for $1B|url=https://www.bizjournals.com/philadelphia/blog/health-care/2015/03/select-medical-to-buy-concentra-for-1.html|archive-url=|archive-date=|access-date=|website=Philadelphia Business Journal}}</ref> Also in 2015, the company announced a partnership with Ochsner Health System.<ref>{{Cite web|first=|date=2015-07-01|title=Select Medical building rehab hospital in Louisiana through joint venture|url=https://www.cpbj.com/select-medical-building-rehab-hospital-in-louisiana-through-joint-venture/|archive-url=|archive-date=|access-date=2020-07-13|website=Central Penn Business Journal|language=en-US}}</ref>
In February 2016, the company announced an agreement to swap hospitals with Kindred Healthcare.<ref>{{Cite web|last=Lagasse|first=Jeff|date=1 June 2016|title=Kindred Healthcare, Select Medical Holdings complete swap of long-term acute care hospitals|url=https://www.healthcarefinancenews.com/news/kindred-healthcare-select-medical-holdings-complete-swap-long-term-acute-care-hospitals|archive-url=|archive-date=|access-date=2020-07-13|website=Healthcare Finance News|language=en}}</ref><ref name=":1">{{Cite web|last=Ruhl|first=Lenay|date=2016-04-01|title=Select Medical sells its contract therapy business for $65 million|url=https://www.cpbj.com/select-medical-sells-its-contract-therapy-business-for-65-million/|archive-url=|archive-date=|access-date=2020-07-13|website=Central Penn Business Journal|language=en-US}}</ref> In March, the company acquired Physiotherapy Associates Holdings.<ref name=":1" /> In April, the company sold its Contract Therapy business to Encore Rehabilitation Services, a portfolio company of Revelstoke Capital Partners LLC.<ref name=":1" />
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Category:Companies listed on the New York Stock Exchange Category:Companies based in Harrisburg, Pennsylvania Category:American companies established in 1996 Category:Health care companies established in 1996 Category:Private equity portfolio companies Category:Health care companies based in Pennsylvania Category:2001 initial public offerings