SEM Stock Notification: Select Medical Board Investigated for Breaching its Duties to Investors Over $16.50 Acquisition Price

A law firm is investigating Select Medical's board of directors over a proposed acquisition of the company at $16.50 per share, alleging the board may have failed its fiduciary duties to shareholders. Select Medical is a major operator of outpatient physical therapy clinics and specialty hospitals across the United States. PT professionals employed by or contracting with Select Medical may want to monitor this corporate development, as a change in ownership could affect clinic operations and employment.

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