Director Thomas Scully exits Select Medical (SEM) as all shares convert to $16.50 cash in merger

Select Medical (SEM) has completed a merger transaction in which all outstanding shares were converted to cash at $16.50 per share, resulting in board director Thomas Scully departing the company. Select Medical operates rehabilitation and specialty hospitals across the United States, making this ownership transition potentially significant for the rehabilitation and physical therapy services it provides. The company's new private ownership structure may influence future strategic and operational decisions affecting PT delivery.

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