# Select Medical

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{{short description|American healthcare company}}
{{use mdy dates|date=January 2021}}
{{Infobox company
| name = Select Medical
| logo = Select Medical logo.svg
| type = [Limited company](/source/Limited_company)
| traded_as = {{nyse|SEM}}<br>[S&P 600 Component](/source/List_of_S%26P_600_companies)
| industry = [Healthcare](/source/Healthcare)
| foundation = {{start date|1996}}
| location = [Mechanicsburg, Pennsylvania](/source/Mechanicsburg%2C_Pennsylvania), [United States](/source/United_States)
| key_people = {{Unbulleted list|Robert Ortenzio ([Chairman](/source/Chairman))|David Chernow ([President](/source/President_(corporate_title)) & [CEO](/source/CEO))}}
| products = Specialty healthcare services
| revenue = {{profit}} $5.2 billion [USD](/source/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](/source/New_York_Stock_Exchange).

== History ==
The company is based in [Mechanicsburg, Pennsylvania](/source/Mechanicsburg%2C_Pennsylvania), and was co-founded in 1996 by [Rocco Ortenzio](/source/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](/source/SSM_Health).<ref name=":2" />

In December 2012, the company announced a partnership with [Emory Healthcare](/source/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](/source/Cedars-Sinai_Medical_Center) and [UCLA Health System](/source/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](/source/Cleveland_Clinic) to operate a rehabilitation hospital in [Avon, Ohio](/source/Avon%2C_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](/source/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](/source/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](/source/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](/source/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" />

==References==
{{reflist}}

{{Authority control}}

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

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Adapted from the Wikipedia article [Select Medical](https://en.wikipedia.org/wiki/Select_Medical) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Select_Medical?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.
