Healthcare Providers and Services
Company Overview of Select Medical Corporation
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
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 Accounting Officer, Senior Vice President and Controller
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
Sep 12 16
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
Sep 12 16
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
Dec 15 15
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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