Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

History

The company is based in

Mechanicsburg, Pennsylvania Mechanicsburg is a Borough (Pennsylvania), borough in Cumberland County, Pennsylvania, United States. The borough is west of Harrisburg, Pennsylvania, Harrisburg. It is part of the Harrisburg–Carlisle metropolitan statistical area. As of the ...

, and was co-founded in 1996 by

Rocco Ortenzio Rocco Ortenzio was an Italo American businessman and philanthropist, who during his career founded several health care companies. He died on October 26, 2024. Business career Ortenzio co-founded Select Medical Corporation in 1996 with his son, ...

and Robert Ortenzio. In 2009, the company announced a joint venture with SSM Health Care. In December 2012, the company announced a partnership with Emory Healthcare. In 2013, David Chernow was appointed CEO while co-founders Robert and Rocco Ortenzio became chairmen of the company. In June, Select Medical acquired two inpatient rehabilitation facilities from GlobalRehab Management. Also in 2013, Select Medical and OhioHealth Corp announced a joint venture and reopened the OhioHealth Rehabilitation Hospital in August 2013. In December, the company announced a partnership with

Cedars-Sinai Cedars-Sinai Medical Center is a non-profit, Tertiary referral hospital, tertiary, 915-bed teaching hospital and multi-specialty academic health science centre, academic health science center located in Los Angeles, California. Part of the Cedars ...

and

UCLA Health System UCLA Health is the public healthcare system affiliated with the University of California, Los Angeles, located in Los Angeles, California. It comprises a number of hospitals, UCLA School of Medicine, and an extensive primary care network in the ...

to create the California Rehabilitation Institute. In March 2014, the company announced a joint venture with TriHealth to open the TriHealth Rehabilitation Hospital in Cincinnati. In June, the company announced a joint venture with the

Cleveland Clinic Cleveland Clinic is an American Nonprofit organization, nonprofit Academic health science center, academic Medical centers in the United States, medical center based in Cleveland, Ohio. Owned and operated by the Cleveland Clinic Foundation, an O ...

to operate a rehabilitation hospital in

Avon, Ohio Avon ( ) is a city in northeastern Lorain County, Ohio, United States. The population was 24,847 at the 2020 census. It is part of the Cleveland metropolitan area. History In the 17th century, what is now Avon, Avon Lake, Bay Village, and W ...

. Also in June, the company announced a joint venture with PinnacleHealth System to co-own a rehabilitation hospital. In 2015, Select Medical completed its acquisition of

Concentra Concentra Inc., is a national health care establishment centered around occupational health. It was founded in 1979 in Amarillo, Texas, and the headquarters of the corporation is in Addison, Texas. It runs 547 occupational health centres and 151 ...

, a national health care company. Also in 2015, the company announced a partnership with

Ochsner Health System Ochsner Health System is a not-for-profit health system based in the New Orleans metropolitan area of southeast Louisiana, United States. it is the largest non-profit, academic healthcare system operating in Louisiana, with 46 hospitals and ov ...

. In February 2016, the company announced an agreement to swap hospitals with Kindred Healthcare. In March, the company acquired Physiotherapy Associates Holdings. In April, the company sold its Contract Therapy business to Encore Rehabilitation Services, a portfolio company of Revelstoke Capital Partners LLC.

References

{{Authority control Companies listed on the New York Stock Exchange Companies based in Harrisburg, Pennsylvania American companies established in 1996 Health care companies established in 1996 Private equity portfolio companies Health care companies based in Pennsylvania 2001 initial public offerings