Select Medical Announces IPO
Posted by Jason Greis on September 20, 2009 under Industry News | 
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On September 9, 2009, Select Medical Holdings Corporation (“Select”), the parent of Select Medical Corporation, which operates 87 LTACHs and various other post-acutes, announced the launch of its initial public offering of 33,333,333 shares of Select common stock. The IPO price is expected to be between $11 and $13 per share. Goldman, Sachs, Morgan Stanley, Merrill Lynch, Pierce, Fenner & Smith and J.P. Morgan Securities are serving as the offering’s joint bookrunners. Select has applied to have its common stock approved for quotation on the NYSE under the symbol “SEM.” Select intends to use net proceeds from the offering to repay indebtedness, to make payments to executive officers under Select’s Long Term Cash Incentive Plan and for general corporate purposes. Read More...
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