Select Medical Corporation

Acute care hospital company reports positive financial results post merger

Published in Law and Health Weekly, December 10th, 2005

Select Medical Corporation announced results for the third quarter and 9 months ended September 30, 2005.

On February 24, 2005, Select Medical Corporation (Select) consummated a merger with a wholly owned subsidiary of Select Medical Holdings Corporation (Holdings) pursuant to which Select became a wholly owned subsidiary of Holdings. Holdings is owned by an investor group that includes Welsh, Carson, Anderson & Stowe IX, LP (Welsh Carson), Thoma Cressey Equity Partners, Inc. (Thoma Cressey) and members of its senior management. As a result of the merger, Select's assets and liabilities have been adjusted to their fair value as of the closing.

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Source: Law and Health Weekly (2005-12-10)

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