Select Medical (NYSE: SEM) completes $16.50 cash merger and delists shares

Select Medical Holdings has finalized its go-private transaction, with shareholders receiving $16.50 per share in cash and the company's stock being removed from the New York Stock Exchange. Select Medical operates a large network of specialty hospitals and outpatient rehabilitation clinics across the United States. This ownership change may have strategic implications for the rehabilitation and physical therapy services the company delivers through its extensive outpatient PT clinic portfolio.

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