Select Medical Holdings Corporation has received a non-binding indication of interest from Executive Chairman, Robert A. Ortenzio, to acquire all outstanding shares for cash consideration.
The Board of Directors of Select Medical is carefully reviewing the Proposal in consultation with advisors to act in the best interests of stockholders.
No assurance is provided on the outcome, and Select Medical will disclose further information only if deemed appropriate or required by law.
Proposal Details
Cash consideration of $16.00 to $16.20 per share offered by Executive Chairman, Robert A. Ortenzio.
Board Review
Disinterested members of the Board of Directors are evaluating the Proposal to ensure the best interests of Select Medical and its stockholders.
Forward-Looking Statements
Cautionary note regarding forward-looking statements included in the release.
- Select Medical operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient clinics in the United States.
- The Proposal by Executive Chairman may lead to significant changes in the ownership structure of Select Medical.
The acknowledgment of the Take-Private Proposal by Select Medical Holdings Corporation marks a crucial moment for the company, with the Board of Directors now carefully considering the Proposal's implications on the future direction of the company.