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) reported robust financial results for the fourth quarter and year ended December 31, 2020. Revenue rose 6.2% to $1.46 billion in Q4, with net income up 134.1% to $102.2 million. The year saw total revenue increase by 1.4% to $5.53 billion, while net income surged 71.4% to $344.6 million. Key segments, especially critical illness recovery hospitals, saw significant growth, aided by Provider Relief Fund payments of $36.2 million in Q4. Adjusted EBITDA for the year reached $800.6 million, representing a 12.6% increase compared to 2019.
Select Medical Holdings Corporation (NYSE: SEM) will disclose its fourth quarter and full year financial results for 2020 on February 25, 2021, after market closure. A conference call addressing the financial outcomes and the COVID-19 pandemic impact on operations is scheduled for February 26, 2021, at 9:00am ET. Investors can access the call via domestic line 1-866-440-2669 or internationally at 1-409-220-9844. A replay will be available until March 5, 2021.
Select Medical Holdings Corporation (NYSE: SEM) reported a 2.2% increase in net operating revenues to $1,423.9 million for Q3 2020, with net income soaring 137.2% to $104.5 million. The company achieved a 27% rise in operating income to $156.1 million. Adjusted EBITDA grew by 16.7% to $213.2 million. Despite these gains, the outpatient rehabilitation segment saw a revenue decline of 9.5% to $240 million. For the nine months ending September 30, 2020, revenues totaled $4,071.2 million, slightly declining from $4,079.3 million in the previous year.
HonorHealth Rehabilitation Hospital, a partnership between Select Medical and HonorHealth, has received CARF accreditation and specialty certifications for its stroke, brain injury, and amputation programs. This three-year accreditation signifies the highest standard for rehabilitation facilities, ensuring quality patient care and services. Achieved through a virtual peer review process due to COVID-19, the accreditation highlights the hospital's commitment to excellence in patient satisfaction and outcomes. Scott Keen, the CEO, emphasized the significance of this achievement for the community and staff.
Select Medical Holdings Corporation (NYSE: SEM) will announce its third-quarter financial results for 2020 on October 29, 2020, post-market. A conference call to discuss these results, along with the COVID-19 pandemic's impact on its reporting segments, is scheduled for October 30, 2020, at 9:00 AM ET. Select Medical, a major operator in healthcare, has 101 critical illness recovery hospitals and 1,757 outpatient rehabilitation clinics across the U.S. It also operates 522 occupational health centers through its subsidiary Concentra.
Select Medical Corporation announced a joint venture with Rush University System for Health to manage a critical illness recovery hospital, an inpatient rehabilitation hospital, and 63 physical therapy centers in the Chicago and Northwest Indiana area. Select Medical will be the majority owner and managing partner. The agreement includes the construction of an 84-bed facility, Rush Specialty Hospital, expected to open in 2022. This partnership aims to enhance post-acute care services, particularly following the COVID-19 pandemic, improving recovery paths for patients with critical illnesses.
Select Medical reported second-quarter net revenues of $1,232.7 million, down from $1,361.4 million year-over-year. Income from operations decreased slightly to $119.5 million, while net income rose 12.5% to $67.5 million. The Provider Relief Fund contributed $55 million in operating income due to COVID-19 impacts. Adjusted EBITDA was $178.8 million, down from $186.2 million a year ago. Earnings per share improved to $0.39, up from $0.33. The company continues to navigate operational challenges amid the pandemic.
Select Medical Holdings Corporation (NYSE: SEM) will announce its second quarter financial results for the period ending June 30, 2020, on July 30, 2020, post market close. A conference call to discuss these results and the COVID-19 impact across its segments will take place on July 31, 2020, at 9:00 AM ET. As of March 31, 2020, Select Medical operated 101 critical illness recovery hospitals and 1,753 outpatient rehabilitation clinics in the U.S.
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