Select Medical Corporation
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| Limited company | |
| Traded as | : SEM S&P 600 Component |
| Industry | Healthcare |
| Founded | 1996 |
| Headquarters | Mechanicsburg, Pennsylvania, United States |
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Key people
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| Products | Specialty healthcare services |
| Revenue |
 $3.74 billion USD (2015) |
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Number of employees
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>42,000 |
| Website | www |
Select Medical is a healthcare company with approximately 42,000 employees throughout the United States. It owns long term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. The company is based in Mechanicsburg, Pennsylvania and was co-founded in 1996 by Rocco Ortenzio and Robert Ortenzio. Its parent company is Select Medical Holdings, which is listed on the .
The family of Select Medical brands include:
Co-founded in 1996 by Rocco Ortenzio and Robert Ortenzio, Select Medical began as a regional provider of outpatient physical rehabilitation. Contract therapy was added to the company's specialized health care offerings in 1997, and was quickly followed by the introduction of long-term acute care in 1998. In 1999, Select Medical made one of its largest acquisitions by purchasing NovaCare Physical Rehabilitation and Occupational Health.
In April 2001, the company completed an initial public offering and was listed on NASDAQ. Fourteen months later, Select Medical was listed on the New York Stock Exchange, where it is currently traded under the NYSE: SEM ticker. In 2004, the company acquired the Kessler Institute for Rehabilitation, thus formally adding inpatient medical rehabilitation to its patient care offerings. Further growth in this newest care line continued through joint ventures with Penn State Milton S. Hershey Medical Center, SSM Health Care - St. Louis and Baylor Health Care System in 2011.
In 2015, Select Medical completed one of its largest acquisition to date when it entered into a joint venture partnership for the purchase of Concentra, a national health care company that delivers a wide range of medical services, including urgent care, occupational medicine and physical therapy.
In 2016, Select Medical divested its Contract Therapy business, Select Medical Rehabilitation Services, to an affiliate of Revelstoke Capital Partners LLC. Select Medical also acquired Physiotherapy Associates, a national provider of outpatient physical rehabilitation care. This acquisition continues to grow Select Medical's portfolio of outpatient rehabilitation clinics.
Twenty years later, the Select Medical of today encompasses three areas of expertise: long-term acute care, inpatient medical rehabilitation, and outpatient physical therapy, all of which are delivered and supported by more than 42,000 colleagues across the United States.
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