Western Standard Sells Entire Select Medical Position Ahead of $3.9 Billion Buyout

Western Standard divested its complete shareholding in Select Medical prior to the company's announced $3.9 billion buyout deal. Select Medical operates rehabilitation and specialty hospitals across the United States, making this acquisition significant for the post-acute and rehabilitation care sector. The transaction may affect the competitive landscape for physical therapy and rehabilitation services provided within Select Medical's network of facilities.

Read full article at The Motley Fool ↗

About this summary. The text above is a short summary written for this site. The original article is hosted by The Motley Fool at the link above; this site does not reproduce the full article. Verify against the source before relying on specific details.