Select Medical
Select Medical Corporation operates one of the largest US post-acute care platforms, running 103 critical illness recovery hospitals, 41 inpatient rehabilitation hospitals, and 1,912 outpatient rehabilitation clinics across 38 states, serving 1.2 million+ patients annually through physician referrals and payor reimbursement.
- Company typePublic
- Founded1996
- HeadquartersMechanicsburg, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Select Medical does
Select Medical Corporation, headquartered in Mechanicsburg, Pennsylvania and traded on the NYSE under ticker SEM, is one of the largest US operators of post-acute care services, organized across three core service lines: critical illness recovery hospitals (103 facilities in 28 states), inpatient rehabilitation hospitals (41 facilities in 15 states), and outpatient rehabilitation clinics (1,912 locations across 37 states and DC). The company serves approximately 1.2 million patients annually with 45,000+ healthcare professionals including 21,000 licensed nurses and therapists, treating conditions ranging from ventilator-dependent critical illness, stroke, traumatic brain injury, and spinal cord injury to orthopedic rehabilitation, sports medicine, and cancer-related therapy through brands including Select Specialty Hospital, Regency Hospital, Kessler Institute for Rehabilitation, NovaCare Rehabilitation, Select Physical Therapy, KORT Physical Therapy, and Champion Sports Medicine. Advanced rehabilitation technology — including Lokomat and other exoskeletons, ArmeoSpring robotic arms, Bioness L300 Go and H200 functional electrical stimulation systems, Andago, and Erigo tilt therapy tables — is deployed across inpatient rehabilitation therapy gyms to support gait, upper extremity, and neurological recovery.
The company generates revenue primarily through fee-for-service reimbursement from Medicare, Medicaid, and commercial insurance payors for inpatient stays and outpatient therapy visits, with sales-led patient acquisition driven by physician referrals, acute care hospital transfers (particularly ICU discharges), and direct patient inquiries via the company's Find a Location tool. Distribution relies on a joint venture partnership model with premier academic and regional health systems (Cleveland Clinic, Baylor Scott & White, UPMC, Cedars-Sinai/UCLA, Penn State Health, Emory, OhioHealth, Banner Health, SSM Health, Dignity Health, and others) that operate branded inpatient rehabilitation hospitals co-owned by Select Medical. In November 2024 Select Medical spun off its Concentra occupational medicine business as Concentra Group Holdings (NYSE: CON), and in March 2026 the company agreed to be taken private by a consortium led by co-founder/Executive Chairman Robert A. Ortenzio, Senior EVP Martin F. Jackson, and Welsh, Carson, Anderson & Stowe (WCAS XIV) at $16.50 per share for $3.9 billion enterprise value, with closing expected mid-2026. FY2026 revenue guidance is $5.6B-$5.8B with adjusted EBITDA of $520M-$540M.
Select Medical firmographics
Firmographics- Name
- Select Medical
- Legal name
- Select Medical Corporation
- Website
- https://selectmedical.com
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Select Medical Corporation operates one of the largest US post-acute care platforms, running 103 critical illness recovery hospitals, 41 inpatient rehabilitation hospitals, and 1,912 outpatient rehabilitation clinics across 38 states, serving 1.2 million+ patients annually through physician referrals and payor reimbursement.
- Ownership category
- akta.pro rank
Where Select Medical is headquartered
LocationHeadquarters
- HQ city
- Mechanicsburg
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Select Medical business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Healthcare Services Delivery: Revenue generated from providing post-acute healthcare services across critical illness recovery hospitals, inpatient rehabilitation hospitals, and outpatient rehabilitation clinics. Services are reimbursed through Medicare, Medicaid, and private insurance contracts, with some self-pay patients.
- Critical Illness Recovery Hospitals: Specialty hospital services for patients requiring extended stays for complex medical conditions. Treats conditions including ventilator liberation, wound care, cardiac conditions, infectious disease, and neurological disorders.
- Inpatient Rehabilitation Hospitals: Physician and therapy services during hospital stays for stroke, brain injury, spinal cord injury, orthopedic conditions, and other rehabilitation needs.
- Outpatient Rehabilitation: Physical, occupational, and speech therapy services provided at outpatient centers including sports medicine, hand therapy, pediatric therapy, and cancer rehabilitation.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Select Medical product offering
Product offeringCore offering
Select Medical operates a national post-acute healthcare delivery platform spanning critical illness recovery hospitals, inpatient rehabilitation hospitals, and outpatient rehabilitation centers. The company treats patients recovering from complex critical illness, stroke, brain injury, spinal cord injury, orthopedic conditions, and other conditions requiring extended hospital care or intensive rehabilitation across 38+ states. Services are delivered by physician-led specialty care teams supported by advanced rehabilitation robotics technology and reimbursed primarily through Medicare, Medicaid, and private insurance contracts.
Product overview
Select Medical operates a multi-brand post-acute care platform organized across three service lines: Critical Illness Recovery Hospitals (featuring Select Specialty Hospital, Regency Hospital, and RUSH Specialty Hospital brands), Inpatient Rehabilitation Hospitals (including Kessler Institute for Rehabilitation, Baylor Scott & White Institute for Rehabilitation, Cleveland Clinic Rehabilitation Hospital, and numerous other joint venture partnerships), and Outpatient Rehabilitation (offering Select Physical Therapy, NovaCare Rehabilitation, Kessler Rehabilitation Center, KORT Physical Therapy, and Champion Sports Medicine brands). The company also provides specialized programs including ReVital Cancer Rehabilitation, CoreVia Pelvic Health, and WorkStrategies. The portfolio includes over 100 critical illness recovery hospitals, 40+ inpatient rehabilitation hospitals, and 1,900+ outpatient rehabilitation centers across the United States. Recent expansions include advanced robotics integration in rehabilitation therapy gyms and the launch of Neuro Transitional Centers for neurological injury recovery.
Differentiator
Problem solved
Functional benefit
Products and services
- Critical Illness Recovery Hospitals
- Inpatient Rehabilitation Hospitals
- Outpatient Rehabilitation
- Select Medical Neuro Transitional Center
- ReVital Cancer Rehabilitation
- Advanced Robotics Rehabilitation Technology
Quantifiable outcome
- 98% of former patients recommend Select Medical care
- +5 more outcomes
Companies that use Select Medical
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Select Medical technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Select Medical partnerships and signals
Strategic signalPartnerships
37 partnerships are on record, tiered core, minor and major.
- Carilion CliniccoreJoint venture partnership to build and operate a new 50-bed inpatient rehabilitation hospital in Roanoke, Virginia. Construction starting spring 2026, planned opening spring/summer 2028. Project aims to expand rehabilitative care services for neurological conditions and replace existing 34-bed acute rehabilitation unit at Carilion Roanoke Community Hospital.
- Cedars-SinaiminorCollaboration with Dignity Health to host Soccer Medicine Conference on May 22, 2026, at Dignity Health Sports Park in Carson, California. Conference aims to advance injury prevention, athlete safety, and sports medicine innovation ahead of 2026 FIFA World Cup.
- Philadelphia EaglesmajorMulti-year extension of 25-year partnership, maintaining NovaCare Rehabilitation as team's Official Physical Therapy Partner. Includes presenting sponsorship of fan content across digital platforms, gameday signage at Lincoln Financial Field, radio spots, and community program involvement including Eagles Autism Challenge.
- Vibra HealthcarecoreJoint venture to own and operate Southern Kentucky Rehabilitation Hospital in Bowling Green, Kentucky, with transition expected Q1 2026. The 76-bed hospital provides acute inpatient rehabilitation services for patients recovering from catastrophic injuries or illnesses such as stroke, brain injury, amputation, and neurological diseases.
- UPMCcorePartnership to open Helen M. Simpson Rehabilitation Hospital - West Shore at UPMC West Shore hospital in Hampden Township, Pennsylvania, opened April 15, 2025. New 20-bed inpatient facility provides intensive rehabilitation services for stroke, spinal cord injuries, brain injuries, amputations, neurological disorders, and orthopedic conditions.
- CoxHealthcoreJoint venture CoxHealth Rehabilitation Hospital in Missouri.
- Lutheran Health NetworkcoreJoint venture Select Medical Rehabilitation Hospital at Lutheran Hospital in Indiana.
- AtlantiCarecoreJoint venture critical illness recovery hospital in Atlantic City, NJ and outpatient NovaCare clinics.
- InovacoreJoint venture INOVA Specialty Hospital (critical illness recovery) in Alexandria, Virginia.
- AscensioncoreJoint venture critical illness recovery hospital (Nashville West) with Ascension.
- WellSpan HealthcoreNovaCare outpatient rehabilitation partnership with WellSpan Health in Pennsylvania.
- West Tennessee HealthcarecoreJoint venture critical illness recovery hospital in Jackson, Tennessee.
- Virtua HealthcoreJoint venture critical illness recovery hospital in Willingboro, New Jersey.
- Scripps and UC San Diego HealthcoreJoint venture critical illness recovery hospital in San Diego, California.
- Northwest HealthcoreJoint venture critical illness recovery hospital in Tucson, Arizona.
- Mon HealthcoreJoint venture critical illness recovery hospital in Morgantown, West Virginia and HealthWorks outpatient clinics.
- Grandview Medical CentercoreChampion Sports Medicine outpatient partnership with Grandview Medical Center in Alabama.
- RUSHcoreComprehensive partnership including RUSH Specialty Hospital for critical illness recovery, inpatient rehabilitation, and outpatient physical therapy (RUSH Physical Therapy) in Chicago.
- Banner HealthcoreJoint venture inpatient rehabilitation hospitals (Phoenix, West & East) and outpatient rehabilitation clinics operating under Banner Rehabilitation Hospital and Banner Physical Therapy brands.
- Ochsner HealthcoreJoint venture Ochsner Rehabilitation Hospital in Louisiana, ranked #2 by Newsweek in state rankings.
- Northshore Rehabilitation HospitalcoreJoint venture Northshore Rehabilitation Hospital in Louisiana, ranked #14 by Newsweek in state rankings.
- Norton HealthcarecoreKORT Physical Therapy outpatient partnership with Norton Healthcare in Kentucky.
- Corewell HealthcoreJoint venture critical illness recovery hospital at Corewell Health Grand Rapids in Michigan.
- Dignity HealthcoreJoint venture Dignity Health Rehabilitation Hospital in California and outpatient clinics. Co-hosting Soccer Medicine Conference with Cedars-Sinai.
- RiversidecoreJoint venture critical illness recovery hospital in Hampton Roads, Virginia and Riverside Rehabilitation Hospital.
- Cedars-Sinai and UCLA HealthcoreJoint venture California Rehabilitation Institute in Los Angeles, ranked #24 nationally by U.S. News. Also outpatient rehabilitation partnership.
- UF HealthcoreJoint venture UF Health Rehabilitation Hospital (Gainesville and North locations) in Florida, critical illness recovery hospital, ranked #7 by Newsweek.
- LifeBridge HealthcoreNovaCare outpatient rehabilitation partnership with LifeBridge Health in Maryland.
- Cleveland CliniccoreJoint venture rehabilitation hospitals (Avon, Beachwood, Edwin Shaw). Cleveland Clinic Rehabilitation Hospital ranked #20 nationally by U.S. News.
- Emory HealthcarecoreJoint venture Emory Rehabilitation Hospital in Georgia, ranked #1 by Newsweek in state rankings. Also critical illness recovery and outpatient partnerships.
- TriHealthcoreJoint venture TriHealth Rehabilitation Hospital in Ohio, ranked #10 by Newsweek regionally.
- UPMC PinnaclecoreJoint venture Helen M. Simpson Rehabilitation Hospital (Lower Paxton Township) and outpatient clinics through Select Physical Therapy.
- HonorHealthcoreJoint venture HonorHealth Rehabilitation Hospital in Arizona.
- OhioHealthcoreJoint venture OhioHealth Rehabilitation Hospital (Columbus and Dublin), ranked #31 nationally by U.S. News.
- Baylor Scott & White HealthcoreJoint venture inpatient rehabilitation hospitals (Dallas, Irving, Frisco, Fort Worth, Lakeway) and outpatient clinics. Baylor Scott & White Institute for Rehabilitation ranked #8 nationally by U.S. News.
- SSM HealthcoreJoint venture SSM Health Rehabilitation Hospitals (Bridgeton, Lake St. Louis, Richmond Heights) and outpatient clinics. First large-scale joint venture partnership dating to 2009.
- Penn State HealthcoreJoint venture Penn State Health Rehabilitation Hospital in Hummelstown, PA, ranked #47 nationally by U.S. News.
Scale indicators14 records
Recent moves8 records
Expansion highlights5 records
Select Medical competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Select Medical social profiles
Digital presenceSelect Medical compliance and trust
Trust signalCompliance9 records
Select Medical financial estimates
Financial estimateRevenue estimate
Valuation estimate
Select Medical leadership team
Management profileNumber of profiles
Profiles14 records
Select Medical subsidiaries and ownership
Company hierarchySubsidiaries6 records
Select Medical funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Select Medical M&A and investment
M&A and investmentM&A12 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Select Medical
What does Select Medical do?
Select Medical operates a national post-acute healthcare delivery platform spanning critical illness recovery hospitals, inpatient rehabilitation hospitals, and outpatient rehabilitation centers. The company treats patients recovering from complex critical illness, stroke, brain injury, spinal cord injury, orthopedic conditions, and other conditions requiring extended hospital care or intensive rehabilitation across 38+ states. Services are delivered by physician-led specialty care teams supported by advanced rehabilitation robotics technology and reimbursed primarily through Medicare, Medicaid, and private insurance contracts.
Is Select Medical a public or private company?
Select Medical is a public company. It is classified as public and is currently operating.
When was Select Medical founded?
Select Medical was founded in 1996. It employs 5,001 to 10,000 people.
Where is Select Medical based?
Select Medical is headquartered in Mechanicsburg, United States, in the North America region.
How does Select Medical make money?
Four revenue lines are on record. Healthcare Services Delivery is the primary driver. The others are critical Illness Recovery Hospitals, inpatient Rehabilitation Hospitals and outpatient Rehabilitation.
Does Select Medical have an API?
No public API is recorded for Select Medical.