Profile: Select Medical Holdings Corp (SEM)
17 Jul 2019
Select Medical Holdings Corporation, incorporated on October 14, 2004, is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company's segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. As of December 31, 2016, it had operations in 46 states and the District of Columbia. As of December 31, 2016, it operated 123 specialty hospitals in 27 states, and 1,611 outpatient rehabilitation clinics in 37 states and the District of Columbia.
The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care. Patients are typically admitted to its specialty hospitals from general acute care hospitals. These patients have specialized needs, with serious and often complex medical conditions. As of December 31, 2016, it operated 123 facilities throughout 27 states, including 103 long term acute care hospitals, and 20 inpatient rehabilitation facilities. As of December 31, 2016, it operated a total of 5,237 available licensed beds and employed approximately 22,500 people in its specialty hospitals segment, consisting primarily of registered nurses, respiratory therapists, physical therapists, occupational therapists, and speech therapists. It operated 123 specialty hospitals at December 31, 2016, of which 115 were owned and eight were managed.
The outpatient rehabilitation segment consists of clinics that provide physical, occupational, and speech rehabilitation services. It had 1,611 facilities throughout 37 states and the District of Columbia as of December 31, 2016. Its outpatient rehabilitation clinics are typically located in a medical complex or retail location. In its rehabilitation clinics, it provides physical, occupational, and speech rehabilitation programs and services. It also provides certain specialized programs, such as functional programs for work related injuries, hand therapy, post-concussion rehabilitation, and athletic training services. Its rehabilitation services are provided by its professionals, including licensed physical therapists, occupational therapists and speech-language pathologists. Its rehabilitation programs and services are designed to help these patients minimize physical and cognitive impairments and maximize functional ability. It also provides services designed to prevent short term disabilities from becoming chronic conditions.
The Concentra segment consists of medical centers and contract services provided at employer worksites and Department of Veterans Affairs community-based outpatient clinics (CBOCs) that deliver occupational medicine, physical therapy, veteran's healthcare, and consumer health services. As of December 31, 2016, it operated 300 medical centers, 107 onsite clinics at employer worksites, and 32 CBOCs throughout 43 states. It delivers occupational medicine, consumer health, physical therapy, and veteran's healthcare services in its medical centers, onsite clinics located at the workplaces of its employer customers and its CBOCs. It offers a range of occupational and consumer health services through its medical centers and onsite clinics. Occupational health services include workers' compensation injury care, as well as employer services, clinical testing, wellness programs, and preventative care. Its services at the CBOCs include primary care, specialty care, subspecialty care, mental health, and pharmacy benefits.
The Company's Other activities include its corporate services and certain other minority investments in other healthcare related businesses. These include investments in companies that provide specialized technology, services to healthcare entities and providers of complementary services.
The Company competes with Kindred Healthcare Inc., HealthSouth Corporation, Athletico Physical Therapy, ATI Physical Therapy, Drayer Physical Therapy Institute, U.S. Physical Therapy and Upstream Physical Therapy.
Select Medical Holdings Corp
4714 Gettysburg Rd
MECHANICSBURG PA 17055-4325