Select Medical
Select Medical is a United States healthcare company operating long-term acute care hospitals, inpatient rehabilitation hospitals, occupational health centers, and outpatient physical therapy clinics.
Last updated August 31, 2026
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Overview
Select Medical is a healthcare company headquartered in Mechanicsburg, Pennsylvania. Founded in 1996 by Rocco Ortenzio and Robert Ortenzio, the company developed a multi-platform healthcare business focused on post-acute care and outpatient services rather than conventional general-hospital operations. Its activities include long-term acute care hospitals for patients requiring extended treatment and medical supervision, inpatient rehabilitation hospitals for people recovering from serious illness or injury, occupational health services, and outpatient physical therapy clinics. The company's growth has combined direct ownership and operation of healthcare facilities with joint ventures involving regional and academic health systems. This model has enabled Select Medical to establish rehabilitation hospitals in partnership with organizations including SSM Health Care, Emory Healthcare, OhioHealth, Cedars-Sinai, UCLA Health System, TriHealth, Cleveland Clinic, PinnacleHealth System, and Ochsner Health System. These arrangements generally pair Select Medical's post-acute operating capabilities with a local health system's clinical reputation, referral base, and market presence. A major expansion occurred in 2015, when Select Medical completed the acquisition of Concentra, a national healthcare company known for occupational medicine, urgent care, and related employer-focused services. The acquisition broadened Select Medical beyond hospital-based post-acute care and strengthened its position in occupational health. In 2016, the company also acquired Physiotherapy Associates Holdings, expanding its outpatient physical therapy platform. That same year, Select Medical sold its Contract Therapy business to Encore Rehabilitation Services, indicating a portfolio strategy that emphasized businesses considered more closely aligned with its principal hospital, rehabilitation, and outpatient therapy operations. Select Medical's corporate development has also included facility transactions and operating partnerships. In 2013 it acquired two inpatient rehabilitation facilities from GlobalRehab Management and participated in the reopening of OhioHealth Rehabilitation Hospital. In 2016 it announced an agreement to exchange hospitals with Kindred Healthcare. These transactions reflected the company's effort to build geographic scale and refine the mix of facilities under its control. The company is associated with a broad post-acute care continuum: medically complex long-term care, inpatient rehabilitation, outpatient rehabilitation, and workplace health services. Its brands and operating units serve patients, employers, insurers, referring clinicians, and health-system partners. Publicly available reference material identifies David Chernow as having become chief executive officer in 2013, while co-founders Robert and Rocco Ortenzio became chairmen. The supplied reference material also describes a 2026 acquisition by a consortium led by company executives and Welsh, Carson, Anderson & Stowe; the transaction's status and subsequent ownership details require verification from current primary sources.
History
Select Medical was established in 1996 by Rocco Ortenzio and Robert Ortenzio in Pennsylvania. From its beginning, the company concentrated on healthcare segments situated between acute hospital treatment and community-based recovery. Its operating scope came to include long-term acute care hospitals, inpatient rehabilitation hospitals, occupational health centers, and outpatient physical therapy clinics. Rather than relying only on wholly owned facilities, Select Medical expanded through partnerships and joint ventures with established health systems. In 2009 it announced a joint venture with SSM Health Care. In December 2012, it announced a partnership with Emory Healthcare. These relationships formed part of a broader approach in which Select Medical contributed operating experience in post-acute and rehabilitation care while local partners contributed regional clinical infrastructure and referral relationships. A leadership transition occurred in 2013. David Chernow was appointed chief executive officer, and co-founders Robert Ortenzio and Rocco Ortenzio became chairmen, according to the cited reference. The same year, Select Medical acquired two inpatient rehabilitation facilities from GlobalRehab Management. It also announced a joint venture with OhioHealth Corporation and reopened OhioHealth Rehabilitation Hospital in August. In December, the company announced a partnership with Cedars-Sinai and UCLA Health System to create the California Rehabilitation Institute. The company continued developing rehabilitation partnerships in 2014. It announced a joint venture with TriHealth to open TriHealth Rehabilitation Hospital in Cincinnati, a joint venture with Cleveland Clinic to operate a rehabilitation hospital in Avon, Ohio, and a joint venture with PinnacleHealth System to co-own a rehabilitation hospital. These projects illustrate Select Medical's geographic expansion through hospital-based rehabilitation facilities associated with major regional or academic healthcare institutions. In 2015, Select Medical completed its acquisition of Concentra, a national healthcare company. The transaction broadened its business beyond post-acute hospital and therapy operations into occupational health and related employer-facing services. Select Medical also announced a partnership with Ochsner Health System during the year. Portfolio reshaping continued in 2016. In February, the company announced an agreement to swap hospitals with Kindred Healthcare. In March, it acquired Physiotherapy Associates Holdings, strengthening its outpatient physical therapy platform. In April, it sold its Contract Therapy business to Encore Rehabilitation Services, a company in the portfolio of Revelstoke Capital Partners. Taken together, these transactions indicate an emphasis on expanding rehabilitation and therapy capabilities while disposing of a contract-services business. The supplied reference material states that Select Medical was acquired in July 2026 by a consortium led by co-founder and executive chairman Robert A. Ortenzio, senior executive vice president of strategic finance and operations Martin F. Jackson, and Welsh, Carson, Anderson & Stowe. Because the material does not provide a separate transaction announcement, filing, or current corporate source, the reported acquisition and the company's post-transaction status should be independently checked before being treated as settled historical fact.
- 2026
Reported consortium acquisition
[1]The supplied reference states that a consortium led by company executives and Welsh, Carson, Anderson & Stowe acquired Select Medical; independent verification is required.
- 2016
Therapy expansion and portfolio restructuring
[1]Select Medical announced a hospital exchange with Kindred Healthcare, acquired Physiotherapy Associates Holdings, and sold its Contract Therapy business to Encore Rehabilitation Services.
- 2015
Concentra acquisition completed
[1]The company completed its acquisition of Concentra and announced a partnership with Ochsner Health System.
- 2014
Multiple rehabilitation ventures announced
[1]Select Medical announced rehabilitation partnerships with TriHealth, Cleveland Clinic, and PinnacleHealth.
- 2013
Leadership transition and rehabilitation expansion
[1]David Chernow became CEO; the company acquired two rehabilitation facilities, partnered with OhioHealth, and announced the California Rehabilitation Institute partnership.
- 2012
Emory Healthcare partnership announced
[1]The company announced a partnership with Emory Healthcare.
- 2009
SSM Health Care joint venture announced
[1]Select Medical announced a joint venture with SSM Health Care.
- 1996
Company founded
[1]Rocco Ortenzio and Robert Ortenzio co-founded Select Medical in Pennsylvania.
Products and positioning
A scaled U.S. post-acute and rehabilitation healthcare operator combining owned facilities, outpatient clinics, occupational health services, and joint ventures with established health systems.
Hospital services
Long-term acute care hospitals
Select Medical owns and operates long-term acute care hospitals serving patients who need extended medical treatment and monitoring after an acute hospital stay. This service line forms one of the company's core post-acute healthcare activities.
Rehabilitation services
Inpatient rehabilitation hospitals
The company operates inpatient rehabilitation hospitals for patients recovering from serious illness, injury, surgery, or other conditions requiring intensive rehabilitation. Many facilities are developed through joint ventures with regional and academic health systems.
Occupational health · 2015
Concentra
Concentra became part of Select Medical through a completed acquisition in 2015. It expanded the company's presence in occupational health and related employer-oriented healthcare services.
Outpatient physical therapy · 2016
Physiotherapy Associates
Select Medical acquired Physiotherapy Associates Holdings in 2016, adding scale to its outpatient physical therapy operations and extending its rehabilitation platform beyond hospital-based care.
Outpatient healthcare
Occupational health and physical therapy clinics
Select Medical's clinic operations provide outpatient physical therapy and occupational health services. These businesses complement its hospital operations by supporting workplace health, recovery, rehabilitation, and continuing care outside the inpatient setting.
Brand decisions
2016
Acquisition of Physiotherapy Associates HoldingsM&ABackground
Select Medical continued expanding its outpatient rehabilitation platform.
Action taken
The company acquired Physiotherapy Associates Holdings.
Aftermath
The acquisition increased Select Medical's presence in outpatient physical therapy.
2016
Contract Therapy business divestitureStrategyBackground
The company reviewed its portfolio while continuing to build its hospital and outpatient rehabilitation businesses.
Action taken
Select Medical sold its Contract Therapy business to Encore Rehabilitation Services, a Revelstoke Capital Partners portfolio company.
Aftermath
The divestiture reduced Select Medical's exposure to contract therapy services and represented a portfolio refocusing.
2016
Hospital exchange agreement with Kindred HealthcareM&ABackground
Select Medical and Kindred Healthcare pursued a transaction involving the exchange of hospitals.
Action taken
The companies announced an agreement to swap hospitals.
2015
Acquisition of ConcentraM&ABackground
Select Medical sought to broaden its healthcare platform beyond long-term acute care and inpatient rehabilitation.
Action taken
The company completed the acquisition of Concentra, a national healthcare business focused on occupational health and related services.
Aftermath
The transaction expanded Select Medical's operating scope into occupational health and employer-facing care.
Recent events
Reported
Select Medical announces estimates for 2021 financial results[2]
Select Medical announced estimates for its 2021 full-year revenue, adjusted EBITDA and diluted earnings per share, and said it would release actual fourth-quarter and full-year results on February 24, 2022.
Reported
Rush and Select Medical announce rehabilitation and physical therapy joint venture[3]
Rush announced a joint venture agreement with Select Medical. Select Medical will be the majority owner and managing partner of a planned rehabilitation hospital and 63 physical therapy centers in the Chicago area and northwest Indiana.
Reported
Select Medical prices $675 million of additional senior notes[4]
Select Medical Corporation priced a private placement of $675 million in additional 6.250% senior notes due 2026, increasing the offering from the previously announced $625 million. The offering was expected to close on December 10, 2019, subject to customary conditions.
- Unconfirmed
Reported
ReVital program launches in Central Pennsylvania[5]
Select Medical announced that its ReVital cancer rehabilitation program was available in Central Pennsylvania, where 13 Select Physical Therapy centers began providing cancer therapy services the previous week.
Sources7 sources
- 1Select Medicalen.wikipedia.org
- 2Select Medical 公布 2021 年财务业绩预估prnewswire.com
- 3Rush与Select Medical宣布康复医疗及物理治疗合资项目ptproductsonline.com
- 4Select Medical 为 6.75 亿美元额外优先票据定价prnewswire.com
- 5ReVital项目在宾夕法尼亚州中部推出prnewswire.com
- 6Select Medical Corporation Closes Private Placement of $675 Million of 6.250% Senior Notes due 2026prnewswire.com
- 7Select Medical Launches ReVital Cancer Rehab Program in Central Pennsylvaniaptproductsonline.com
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