Select Medical Holdings Corp. Completes $2B Take-Private Acquisition
SEM sits 42% above its 52-week low of $11.65 on elevated volume (12× avg).
Summary
Select Medical Holdings Corporation has officially been acquired by a consortium led by Robert A. Ortenzio, Martin F. Jackson, and WCAS. This marks the completion of the take-private transaction, where shareholders will receive $16.50 per share in cash. The acquisition follows months of regulatory filings and news, including shareholder approval on June 26th. This event means the company will cease to be publicly traded, and its shares will be delisted.
At the time of this announcement, SEM was trading at $16.51 on NYSE in the Life Sciences sector, with a market capitalization of approximately $2B. The 52-week trading range was $11.65 to $16.99. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.