SELECT MEDICAL HOLDINGS CORP

SELECT MEDICAL HOLDINGS CORP operates as one of the largest providers of critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States, based on the number of facilities. The company began operations in 1997. As of December 31, 2025, SELECT MEDICAL HOLDINGS CORP had operations in 39 states and the District of Columbia. Specifically, it operated 104 critical illness recovery hospitals in 28 states, 38 rehabilitation hospitals in 15 states, and 1,917 outpatient rehabilitation clinics in 39 states and the District of Columbia. The company's reportable segments are: (i) the critical illness recovery hospital segment, (ii) the rehabilitation hospital segment, and (iii) the outpatient rehabilitation segment. For the year ended December 31, 2025, SELECT MEDICAL HOLDINGS CORP generated total revenue of $5,452.8 million. Approximately 45% of this revenue came from the critical illness recovery hospital segment, approximately 24% from the rehabilitation hospital segment, and approximately 24% from the outpatient rehabilitation segment. Other revenue was recognized from employee leasing services provided to the Company's non-consolidating subsidiaries. The critical illness recovery hospital segment focuses on patients recovering from critical illnesses, often with complex medical needs. The rehabilitation hospital segment serves patients requiring intensive physical rehabilitation care. Patients are typically admitted to both critical illness recovery hospitals and rehabilitation hospitals from general acute care hospitals. The outpatient rehabilitation segment provides physical, occupational, and speech rehabilitation services through its clinics. On November 25, 2024, Select completed a tax-free distribution of 104,093,503 shares of common stock of Concentra Group Holdings Parent, Inc., a previously wholly-owned subsidiary, to its stockholders, and no longer owns any shares of Concentra common stock.