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Select Medical Corporation Announces Results for First Quarter Ended March 31, 2008
Date:5/15/2008

Columbia. Select also provides medical rehabilitation services on a contract basis at nursing homes, hospitals, assisted living and senior care centers, schools and worksites. Information about Select is available at http://www.selectmedicalcorp.com/

Certain statements contained herein that are not descriptions of historical facts are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements due to factors including the following:

-- additional changes in government reimbursement for our services may

result in a reduction in net operating revenues, an increase in costs

and a reduction in profitability;

-- the failure of our long-term acute care hospitals, or LTCHs, to

maintain their status as such may cause our net operating revenues and

profitability to decline;

-- the failure of our facilities operated as "hospitals within hospitals,"

or HIHs, to qualify as hospitals separate from their host hospitals may

cause our net operating revenues and profitability to decline;

-- implementation of modifications to the admissions policies for our

inpatient rehabilitation facilities, as required to achieve compliance

with Medicare guidelines, may result in a loss of patient volume at

these hospitals and, as a result, may reduce our future net operating

revenues and profitability;

-- a government investigation or assertion that we have violated

applicable regulations may result in sanctions or reputational harm and

increased costs;

-- integration of recently acquired operations (such as the outpatient

rehabilitation division of HealthSouth
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SOURCE Select Medical Corporation
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