Select Medical completes $3.9 billion management buyout

Select Medical, a major operator of rehabilitation and specialty hospitals across the United States, has finalized a management-led buyout valued at approximately $3.9 billion. The transaction takes the company private under its existing leadership team. Select Medical operates numerous inpatient rehabilitation facilities and outpatient physical therapy clinics, making this ownership change potentially significant for PT professionals employed by or contracting with the organization.

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