Welcome to our dedicated page for Select Medical news (Ticker: SEM), a resource for investors and traders seeking the latest updates and insights on Select Medical stock.
Select Medical Holdings Corporation (NYSE: SEM) maintains this dedicated news hub for investors and healthcare professionals tracking developments in post-acute care and occupational health services. Our curated collection provides immediate access to official announcements and strategic updates from one of America's leading specialized healthcare providers.
This resource centralizes SEM's critical communications including quarterly earnings reports, facility expansions, clinical partnerships, and operational milestones. Users can efficiently monitor developments across the company's four core segments: critical illness recovery hospitals, rehabilitation facilities, outpatient clinics, and Concentra occupational health centers.
All content undergoes strict verification to ensure accuracy and compliance with financial disclosure standards. The archive enables trend analysis through chronologically organized press releases while maintaining neutral presentation of material events. Bookmark this page for streamlined tracking of SEM's progress in delivering patient-first care through its national network of 300+ locations.
Select Medical Holdings Corporation (NYSE: SEM) will release its financial results for Q1 2023 on May 4, 2023, after market close. A conference call discussing these results and the company's business outlook is scheduled for May 5, 2023, at 9:00 AM ET. Investors can access the call via Select Medical's website or dial in after pre-registering. The company is a leading operator of critical illness recovery hospitals, rehabilitation hospitals, outpatient clinics, and occupational health centers in the U.S., operating 103 critical illness recovery hospitals and over 1,900 outpatient rehabilitation clinics as of December 31, 2022. For more information, visit Select Medical's official website.
Select Medical has announced the acquisition of Vibra Hospital of Richmond, a long-term acute care facility in Virginia. The financial terms of the agreement have not been disclosed. The 63-bed hospital will be rebranded as Select Specialty Hospital – Richmond, focusing on post-ICU care for critically ill patients. This acquisition will enhance Select Medical's care continuum in Virginia, joining existing facilities and outpatient centers in the state. As of December 31, 2022, Select Medical operated 103 critical illness recovery hospitals across 28 states, further establishing its position in the healthcare industry.
Select Medical announced plans to build a new 63-bed specialty hospital in Orlando, Florida, focusing on critical illness recovery and inpatient rehabilitation. The facility is expected to open in late 2024 and will cater to patients recovering from chronic, complex conditions and injuries, addressing a growing demand for post-ICU care in the region. With Florida's rapidly growing population and a significant percentage over 65 years old, the new hospital aims to enhance access to quality post-acute care. Currently, Select Medical operates two critical illness recovery hospitals in Orlando and multiple facilities across Florida.
Select Medical Corporation (NYSE:SEM) and Lutheran Health Network announced a joint venture to enhance inpatient rehabilitation and critical illness recovery care in Fort Wayne, Indiana. This collaboration will include the existing 36-bed Lutheran Health Network Rehabilitation Hospital and the construction of a new specialty hospital. Select Medical will be the majority owner and managing partner, marking its first rehabilitation hospital in Indiana. The initiative aims to improve care for patients recovering from severe illnesses and injuries, further expanding Select Medical's statewide post-acute care network.
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