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Select Medical

Inpatient and outpatient rehabilitation services network

Overview

Select Medical operates a network of hospitals and rehabilitation centers across the United States, providing critical illness recovery, inpatient rehabilitation, and outpatient rehabilitation. It coordinates patient care from acute treatment through recovery using both inpatient and outpatient programs, with revenues from patient services, insurance reimbursements, and healthcare partnerships. The organization distinguishes itself with a focused rehabilitation specialty, a large nationwide footprint, and a commitment to employee development and work-life balance to maintain high-quality care. Its goal is to help patients regain independence and return to daily life through effective, patient-centered rehabilitation and recovery services.

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About Select Medical

Simplify's Rating
Why Select Medical is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Mechanicsburg, PA

Founded

1996

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Simplify's take

What believers are saying

  • Corewell and Carilion deals add beds and extend Select's regional rehabilitation footprint through 2029.
  • The new $1.0 billion term loan gives firepower for expansion and acquisitions.
  • Private ownership after July 1, 2026 enables faster restructuring without public-market scrutiny.

What critics are saying

  • The June 30, 2026 take-private concentrates control with Ortenzio and WCAS, reducing governance discipline.
  • Heavy consortium financing from JPMorgan and Wells Fargo increases leverage pressure if reimbursement weakens.
  • Medicare rate cuts or hospital referrals disruptions can hit margins across rehab and outpatient segments quickly.

What makes Select Medical unique

  • Select Medical owns 103 critical illness recovery hospitals and 1,912 outpatient clinics as of March 31, 2026.
  • Its 2017 Corewell partnership and 2026 Carilion JV embed Select in health-system referral networks.
  • The Harrisburg University DPT program creates a pipeline of therapists and brand loyalty.

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Funding

Total Funding

$1.6B

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Company Match
  • Paid Vacation

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

3%

2 year growth

3%
DirectEmployers Association
Oct 29th, 2026
Nursing Assistant (NA) - Per Diem Nights.

Nursing Assistant (NA) - Per Diem Nights. Select Medical Hospital Name: CoxHealth Rehabilitation Hospital InPartnership with Select Medical Position: Nursing Assistant Location: Ozark, Missouri Schedule: Per Diem/PRN Night shift Compensation: $19.00 per hour Sign-on bonus: $1,750 Be part of something new - this position supports our brand-new IRH hospital open now! A partnership between CoxHealth and Select Medical, our 63-bed medical rehabilitation hospital serves patients in Southwest Missouri. Our Inpatient Rehabilitation Hospital is committed to providing exceptional and compassionate care tobest address the medical, physical, emotional, and vocational challenges for individuals with brain injuries,spinal cord injuries, neurological disorders, orthopedic issues, amputation, and multiple traumas. Why Join Us: * Start Strong: Extensive orientation program to ensure a smooth transition into our setting. * Opportunity for Advancement: Demonstrate your skills and dedication which could lead to potential full-time opportunities * Foster Well-being: We offer benefits which support the financial, work/life and emotional well-being of you and your family members. Part time/Per Diem positions are eligible for 401k based on reaching 1,000 hours within their first anniversary or subsequent calendar year. We also offer our employee assistance program to part time employees. * Your Impact Matters: Join a team of over 44,000 committed to providing exceptional patient care Responsibilities * Obtaining vital signs, height, weight and demographic data. * Assisting patients with personal and daily care, such as bathing (bed bath, chair at sink, tub and shower), oral hygiene, shaving and hair care. * Delivering meals and snacks, feeding patients who are unable to feed themselves and documenting oral intake, including supplements. * Turning and positioning immobile patients safely while maintaining proper body alignment; participating in mobility program. * Answering patient call lights and performing services that add to the physical well-being of the patient. * Transportation of the patients to designated areas, such as to and from various treatment centers. Qualifications Minimum Qualifications * Certified BLS or completion in first 90 days of employment required. Preferred Qualifications * High school diploma or equivalent preferred. * Hospital experience, certification as a nursing assistant preferred (maybe required based on some state requirements) Additional Data Equal Opportunity Employer/including Disabled/Veterans Location: Location US-MO-Ozark Job ID 389047 Position Type Per Diem-12 Hour Shift Nights Experience (Years) 1 Company CoxHealth Rehabilitation Hospital

IDN Directory
Sep 15th, 2026
Corewell Health, Select Medical to build 84-bed rehab hospital in Michigan.

Corewell Health, Select Medical to build 84-bed rehab hospital in Michigan. 15 Sep, 2026 Select Medical and Corewell Health have formed a joint venture to build and operate a new 84-bed inpatient rehabilitation hospital in Sterling Heights, Michigan, next to Corewell Health Beaumont Troy Hospital. The four-story facility will provide specialized rehabilitation for patients recovering from stroke, spinal cord and brain injuries, amputations and medically complex orthopedic conditions. The hospital will feature dedicated rehabilitation spaces and advanced technology designed to support patients' recovery, mobility and independence. According to Corewell Health, the new facility will nearly quadruple the current rehabilitation footprint in Troy as demand for inpatient rehabilitation grows across Southeast Michigan. The project is undergoing regulatory and municipal reviews, with an opening expected in 2029. The partnership builds on an existing relationship between Select Medical and Corewell Health that dates to 2017 and is intended to create a more connected continuum from acute hospital care through post-acute rehabilitation and ultimately a patient's return home. About the IDN Directory The IDN Directory provides insights into the supply chains for the biggest health systems in the country to give manufacturer reps, distribution reps, and national accounts managers a quick, accurate view of what's going on with their customers - right now. More than just a database, the IDN Directory's supply chain-focused content provides a clear and comprehensive idea of your customers' supply chain needs and activities, empowering them to achieve success with GPO, Direct, and Regional contracting. To schedule a demo of the IDN Directory, email IDN Directory at [email protected].

PR Newswire
Sep 2nd, 2026
Select Medical and Corewell Health partner to build 84-bed rehabilitation hospital in Michigan

Select Medical Corporation and Corewell Health have announced a joint venture to build an 84-bed inpatient rehabilitation hospital in Sterling Heights, Michigan. The four-storey facility will be located next to Corewell Health Beaumont Troy Hospital. The new hospital will treat patients recovering from stroke, spinal cord and brain injuries, amputations, and complex orthopaedic conditions. It will feature modern spaces and advanced rehabilitative technology focused on restoring function, mobility, and independence. The partners have worked together since 2017. The new facility will nearly quadruple Troy's current rehabilitation footprint and provide a purpose-built setting for patient recovery. The project is proceeding through regulatory and municipal reviews and is expected to open in 2029.

The Press of Atlantic City
Aug 21st, 2026
State orders changes at Atco facilities over bacteria.

State orders changes at Atco facilities over bacteria. * USA Today Network * 4 hrs ago * 0 Egg Harbor Township Police are investigating a reported shooting at the Excelcare rehab facility on Delilah Road Monday, April 13, 2026. The state Department of Health is demanding changes after multiple cases of Legionnaires' disease at two extended-care facilities at a Waterford Township complex. People are also reading... AtlantiCare and Select Medical opened a 60-bed rehabilitation hospital in Galloway, expanding specialized inpatient care while reducing the need for South Jersey patients to travel for treatment. Investigators in New Jersey recovered more than $160 million in excess or potentially fraudulent Medicaid payments to healthcare providers last year and are on track to claw back even more taxpayer dollars this year, according to state officials.

Kessler Institute for Rehabilitation
Aug 4th, 2026
Kessler Institute for Rehabilitation ranked No. 3 in the nation by U.S. News & World Report.

Kessler Institute for Rehabilitation ranked No. 3 in the nation by U.S. News & World Report. West Orange, NJ - August 4, 2026 - Kessler Institute for Rehabilitation has been ranked No. 3 in the country on U.S. News & World Report's 2026-2027 "Best Rehabilitation Hospitals" list, remaining Select Medical's highest-ranked hospital and marking its 34th consecutive year among the top 50. Kessler also was recognized as the No. 1 rehabilitation hospital in New Jersey and the New York Metro region, earning top honors in the first year that state and regional rankings were introduced. Additionally, the hospital's Marlton location was recognized as a high performing hospital. "Being recognized as the No. 3 rehabilitation hospital in the country is a tremendous honor, but what makes us most proud is what this ranking represents," said Sam Bayoumy, president of Kessler Institute for Rehabilitation. "Our patients come to us after some of the most challenging moments of their lives, and our physicians, nurses, therapists and support teams are committed to helping them regain independence and return to the activities and people they love. This recognition belongs to every member of our team who makes that possible." About "Best Hospitals" Ranking methodology. To determine the Best Hospitals, U.S. News analyzed each hospital's performance based on objective measures such as risk-adjusted mortality rates, preventable complications and patient experience. The Best Hospitals Specialty rankings methodology and Procedures & Conditions ratings methodology measure patient outcomes using data from over 800 million records of patient care About U.S. News & World Report. U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, insurance, personal finance, travel, automobiles, real estate, careers and consumer products and services. About Select Medical. Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals and outpatient rehabilitation clinics in the United States based on the number of facilities. Select Medical operates 103 critical illness recovery hospitals in 28 states, 41 rehabilitation hospitals in 15 states and 1,880 outpatient rehabilitation clinics in 36 states and the District of Columbia. Information about Select Medical is available at www.selectmedical.com.

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