Posted by Jason Greis on January 8, 2011 under Articles, Industry News | 
On December 22, 2010, the Government Accountability Office (GAO) released a report (Report) highlighting key differences in Federal oversight standards among long-term acute care hospitals (LTACHs) and certain other classes of hospitals and skilled nursing facilities. The Report was prepared in response to the Senate Finance Committee’s initiation of a formal investigation in March 2010 after a February 10, 2010 New York Times article described patient deaths and allegations of substandard patient care at one of the nation’s largest LTACH providers. Read More...
Tags: altha, baucus, GAO, government accountability office, grassley, greisguide, greisguidetoltach, investigation, jason greis, long term acute care hospital, long term care hospital, ltac, LTACH, LTCH, mcguirewoods, nalth, Select Medical
Posted by Jason Greis on September 20, 2009 under Industry News |
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...
Tags: Goldman Sachs, greisguide, greisguidetoltachs, initial public offering, IPO, J.P. Morgan Securities, jason greis, ltac, LTACH, LTCH, Merrill Lynch Pierce Fenner & Smith, Morgan Stanley, NYSE, ortenzio, Select Medical
Posted by Jason Greis on July 12, 2009 under Industry News |
After originally filing a registration statement with the U.S. Securities and Exchange Commission on July 25, 2008 for an IPO of its common stock, Select currently operates 87 LTACHs, 5 acute rehabilitation hospitals, approximately 948 outpatient rehabilitation clinics and also provides medical rehabilitation services on a contract basis at nursing homes, hospitals, assisted living and senior care centers, schools, private homes and worksites. Read More...
Tags: greisguide, greisguidetoltachs, hospital, initial public offering, IPO, jason greis, ltac, LTACH, LTCH, ortenzio, SEC, Select Medical, Select Medical Holdings Corp.
Posted by Jason Greis on February 3, 2009 under Industry News |
LifeCare Hospitals, Plano, Texas, hired Greg Floyd as Senior Vice President of Regional Hospital Operations. Mr. Floyd will join LifeCare in February. Mr. Floyd is leaving Select Medical where he was Regional Vice President of 19 hospitals in 4 states. LifeCare operates 20 LTACHs in 10 states. Read More...
Loading ...
GreisGuide News Feed