NovaCare Rehabilitation’s parent, Select Medical, was sold in $3.9 billion private equity deal

Select Medical, the parent company of NovaCare Rehabilitation, has been acquired in a private equity transaction valued at approximately $3.9 billion. NovaCare operates one of the largest outpatient physical therapy networks in the United States, making this deal significant for the PT industry. The ownership change could have implications for staffing, clinical operations, and reimbursement strategies across NovaCare's many outpatient locations.

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