Select Medical Holdings Corporation (SEM)

Select Medical's stock has been influenced by several events in the past six months. The company's Q3 2025 earnings exceeded expectations, and a cash dividend was announced. A take-private proposal from the Executive Chairman led to improved investor sentiment and a stock price increase. Thomas P. Mullin was appointed as CEO, and Select Medical acquired Landmark Hospital of Savannah. Additionally, the Kaskela Law Firm announced an investigation of Select Medical, and the company announced its Q2 2025 earnings and a cash dividend.

Demand for Select Medical's healthcare services generally exhibits seasonality. Patient visits often increase during the winter months due to seasonal illnesses, leading to higher demand for critical illness recovery and rehabilitation services. Demand for non-emergency care may fluctuate, with increased utilization towards the end of the year after deductibles have been met. Hospital revenue cycle performance can also be impacted by seasonality, with variations in accounts receivable, denials, and bad debt transfers across different quarters.

Select Medical Holdings Corp. is a healthcare company specializing in medical rehabilitation services, operating through critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics. These facilities cater to patients with complex medical needs, intensive physical rehabilitation requirements, and those seeking physical, occupational, and speech rehabilitation services. Concentra Group Holdings Parent, Inc. was spun off from Select Medical in November 2024.

As of September 30, 2025, Select Medical operated in 40 states and the District of Columbia, including 105 critical illness recovery hospitals in 29 states, 36 rehabilitation hospitals in 14 states, and 1,922 outpatient rehabilitation clinics in 39 states and the District of Columbia. As of March 31, 2025, the company operated 104 critical illness recovery hospitals, 35 rehabilitation hospitals, and 1,911 outpatient rehabilitation clinics across the United States.

There was no direct assessment of Select Medical Holdings Corp.'s brand reputation in the provided search results. The company is considered a leading provider of specialized healthcare services. A shareholder alert from Kaskela Law Firm on December 23, 2025, announcing an investigation, could potentially have reputational implications.

Select Medical has a mixed ownership structure, featuring significant institutional and insider holdings. Major institutional owners include BlackRock, Inc., Price T Rowe Associates Inc /md/, and Vanguard Group Inc, accounting for approximately 72.72% to 89.48% of the stock. Insiders hold a substantial portion, ranging from 18.04% to 92.47%, with John D. Clark being the largest individual shareholder, owning approximately 81.54% of the company's shares.