Healthcare Providers and Services
Company Overview of Select Medical Corporation
Select Medical Corporation operates specialty hospitals and outpatient rehabilitation clinics in the United States. Its Specialty Hospital segment operates hospitals designed to serve the needs of long term stay acute patients; and hospitals designed to serve patients that require intensive medical rehabilitation care. This segment offers services to patients with specialized needs, and serious and complex medical conditions, such as respiratory failure, neuromuscular disorders, traumatic brain and spinal cord injuries, strokes, non-healing wounds, cardiac disorders, renal disorders, and cancer. The company’s Outpatient Rehabilitation segment operates clinics, as well as provides physical, o...
4714 Gettysburg Road
PO Box 2034
Mechanicsburg, PA 17055
Founded in 1996
Key Executives for Select Medical Corporation
Chief Executive Officer, President, Chief Executive Officer of Select Medical Holdings Corporation and President of Select Medical Holdings Corporation
Co-Founder, Executive Chairman and Member of Compensation Committee
Co-Founder, Vice Chairman and Member of Compensation Committee
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Compensation as of Fiscal Year 2014.
Select Medical Corporation Key Developments
Select Medical Plans to Open Rehab Hospital at the Keystone Park Development Off Interstate 71
Nov 6 14
Select Medical announced that it plans to open a rehab hospital at the Keystone Park development off Interstate 71. The Courier first reported in March that the two sides were working together on a 60-bed acute inpatient rehab hospital. TriHealth says it has created a joint venture with Select Medical to open the facility in 2016.
Select Medical Corporation Enters into an Additional Credit Extension Amendment to its Senior Secured Credit Facility
Oct 24 14
Select Medical Corporation (Select), Select Medical Holdings Corporation (Holdings), JPMorgan Chase Bank, N.A., as administrative agent and collateral agent and the lender named therein entered into an Additional Credit Extension Amendment to Select's senior secured credit facility with a group of lenders and JPMorgan Chase Bank, N.A. as administrative agent. Pursuant to the terms and conditions of the Revolver Extension Amendment, the lender will extend the maturity date on $6.75 million in aggregate principal of revolving commitments from June 1, 2016 to March 1, 2018.
Cleveland Clinic and Select Medical Form Joint Venture to Expand Inpatient Rehabilitation in Northeast Ohio
Jun 10 14
Cleveland Clinic and Select Medical have finalized an agreement to form a joint venture to enhance inpatient rehabilitation services in Northeast Ohio and improve access for patients with complex rehab needs. As part of the joint venture, the two organizations will expand these services on Cleveland's West Side by building a new 60-bed adult inpatient rehabilitation hospital in Avon, Ohio. The two organizations have also entered into a management agreement, effective August 1, 2014, to enhance operations in existing Cleveland Clinic rehabilitation facilities. As currently planned, the West Side rehabilitation hospital will be located in Avon next to Cleveland Clinic's Avon medical campus. Construction is expected to begin this summer with the goal of opening in late 2015. In addition, the venture will establish a residency program for physicians in physical medicine and rehabilitation. Cleveland Clinic and Select Medical also share a goal of improving patient access to the quality post-acute and rehabilitation programs, as well as enhancing opportunities for employees. The agreement is expected to expand Cleveland Clinic's post-acute care capabilities by adding to existing home care, hospice and skilled nursing facility programming. Additionally, the joint venture will be exploring further opportunities to expand services locally, nationally and internationally with the goal of continuing to improve post-acute care options more broadly for patients.
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