Added to YB: 2026-02-27
Pitch date: 2026-02-25
SEM [neutral]
Select Medical Holdings Corporation
-0.27%
current return
Author Info
No bio for this author
Company Info
Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States.
Market Cap
$1.8B
Pitch Price
$14.96
Price Target
N/A
Dividend
1.69%
EV/EBITDA
6.12
P/E
12.72
EV/Sales
0.92
Sector
Health Care Providers and Services
Category
special_situation
Select Medical Holdings Corporation - $SEM
SEM (merger arb): Founder/Exec Chair Ortenzio (12.4%-15% w/consortium) proposed take-private at $16.00-16.20/sh w/committed JPM/WF debt + WCAS equity financing. Post-Concentra spin, debt halved to $1.85bn, board announced $1bn buyback (>50% mkt cap). Ortenzio positioning for Silver Tsunami upside in critical illness recovery & rehab hospitals. Refined offer to $16 citing performance/outlook. Closest comp EHC trades 10x EV/EBITDA vs SEM ~7.6x. Deal likelihood high but limited arb spread.
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