Select Medical Holdings Acquisition Completed by Founders' Consortium

Key Facts

1Select Medical Holdings Corporation (NYSE: SEM) announced today the completion of its acquisition by an entity affiliated with a consortium led by Robert A. Ortenzio and Martin F.

In a move reflecting a growing trend of founder-led takeovers, Select Medical Holdings Corporation (NYSE: SEM) today announced the completion of its acquisition by an entity affiliated with a consortium led by Robert A. Ortenzio and Martin F. The company will leave the New York Stock Exchange and become privately held.

SEM shares closed at $16.53 on June 29, per market data. No new financial terms were disclosed, as the deal had been previously announced. The company is expected to restructure its operations away from public disclosure requirements.