September 27, 2016 2:00 PM ET

Healthcare Providers and Services

Company Overview of Select Medical Corporation

Company Overview

Select Medical Corporation operates specialty hospitals and outpatient rehabilitation clinics in the United States. The company operates through three segments: Specialty Hospitals, Outpatient Rehabilitation, and Concentra. The Specialty Hospitals segment operates hospitals designed to serve the needs of long term stay acute patients; and hospitals designed to serve patients who require intensive medical rehabilitation care. It provides 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 cance...

4714 Gettysburg Road

PO Box 2034

Mechanicsburg, PA 17055

United States

Founded in 1996

28,400 Employees

Phone:

717-972-1100

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
Age: 59
Co-Founder, Executive Chairman and Member of Compensation Committee
Age: 58
Co-Founder, Vice Chairman and Member of Compensation Committee
Age: 83
Chief Financial Officer and Executive Vice President
Age: 61
Chief Accounting Officer, Senior Vice President and Controller
Age: 55
Compensation as of Fiscal Year 2016.

Select Medical Corporation Key Developments

Select Medical Corporation Presents at Bank of America Merrill Lynch 2015 Leveraged Financial Conference, Dec-03-2015

Select Medical Corporation Presents at Bank of America Merrill Lynch 2015 Leveraged Financial Conference, Dec-03-2015 . Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States.

Select Medical Corporation Presents at Bank of America Merrill Lynch 2016 Healthcare Conference, May-10-2016

Select Medical Corporation Presents at Bank of America Merrill Lynch 2016 Healthcare Conference, May-10-2016 . Venue: The Encore at Wynn, 3131 S Las Vegas Blvd, Las Vegas, NV 89109, United States.

Select Medical Corporation Enters into Amendment to its Senior Secured Credit Facility with JPMorgan Chase Bank

On December 11, 2015, Select Medical Corporation (Select) and Select Medical Holdings Corporation (Holdings) entered into Amendment No. 6 to Select's senior secured credit facility with JPMorgan Chase Bank, N.A., as administrative agent (the Credit Agreement). The Amendment provides for the conversion of the outstanding Series D Term Loans of any lenders consenting thereto into a like principal amount of the Series E Term Loans, which has a maturity date of June 1, 2018, raises the interest rate payable on the Series E Term Loans from Adjusted LIBO plus 2.75% (subject to an Adjusted LIBO rate floor of 1.00%), or Alternate Base Rate plus 1.75%, to Adjusted LIBO plus 4.00% (subject to an Adjusted LIBO rate floor of 1.00%), or Alternate Base Rate plus 3.00% or, if there is a Ratings Event (as defined in the Credit Agreement), Adjusted LIBO plus 4.25% (subject to an Adjusted LIBO rate floor of 1.00%), or Alternate Base Rate plus 3.25%, increases the quarterly compliance threshold set in the leverage ratio financial maintenance covenant to a level of 5.75 to 1.00 from 5.00 to 1.00, increases the capacity for incremental extensions of credit to $450.0 million, amends the definition of Consolidated EBITDA to add back certain specialty hospital start-up losses and makes certain other technical amendments to the Credit Agreement. In connection with the Amendment, holders of $56.2 million principal amount of Series D Term Loans elected to convert that amount into the like principal amount of Series E Term Loans.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 31, 2016
Metro Therapy, Inc. and Select Medical Rehabilitation Services, Inc.
Merger/Acquisition
January 25, 2016
Physiotherapy Associates Holdings, Inc.
 

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