BlackRock (NYSE: BLK) reports 9.9% beneficial stake in Select Medical (SEM)

BlackRock has disclosed a 9.9% beneficial ownership stake in Select Medical Holdings (NYSE: SEM), a major operator of outpatient physical therapy clinics and specialty hospitals. This type of institutional investment filing signals significant shareholder interest in one of the larger corporate players in the PT and rehabilitation services sector. Such ownership changes can influence corporate strategy and resource allocation at companies that employ large numbers of physical therapists.

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