Select Medical agrees to $3.9 billion take-private deal
#Select Medical #take-private deal #Robert A. Ortenzio #Martin F. Jackson #Welsh Carson Anderson & Stowe #$3.9 billion #Mechanicsburg Pennsylvania #NYSE:SEM
📌 Key Takeaways
- $3.9 billion acquisition of Select Medical Holdings Corporation
- Consortium led by internal executives and private equity firm
- Company to transition from public to private ownership
- Definitive agreement announced on June 24, 2024
📖 Full Retelling
Select Medical Holdings Corporation, a specialty healthcare company based in Mechanicsburg, Pennsylvania, announced on June 24, 2024, that it has agreed to a $3.9 billion take-private deal led by a consortium including Executive Chairman Robert A. Ortenzio, Senior Executive Vice President Martin F. Jackson, and private equity firm Welsh, Carson, Anderson & Stowe. The acquisition aims to transition the publicly traded company into private ownership, allowing for greater operational flexibility and long-term strategic planning away from quarterly earnings pressures.
🏷️ Themes
Corporate acquisition, Private equity investment, Healthcare industry consolidation, Leadership-led buyout
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Original Source
MECHANICSBURG, Pa. - Select Medical Holdings Corporation (NYSE:SEM) announced today it has entered into a definitive agreement to be acquired by a consortium led by its Executive Chairman Robert A. Ortenzio, Senior Executive Vice President Martin F. Jackson, and private equity firm Welsh, Carson, Anderson & Stowe.
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