Navigation Links
Select Medical Holdings Corporation Commences Initial Public Offering of Common Stock
Date:9/9/2009

MECHANICSBURG, Pa., Sept. 9 /PRNewswire/ -- Select Medical Holdings Corporation ("Select"), the parent of Select Medical Corporation, today announced the launch of its initial public offering of 33,333,333 shares of Select common stock. The initial public offering price is expected to be between $11.00 and $13.00 per share. This is a primary offering of common shares by Select, and Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities Inc. are serving as joint bookrunners for the offering. The underwriters have the option to purchase from Select up to an additional 5,000,000 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. Select has applied to have its common stock approved for quotation on the New York Stock Exchange under the symbol "SEM."

Select intends to use the net proceeds from the offering to repay indebtedness and to make payments to executive officers under Select's Long Term Cash Incentive Plan. Any remaining net proceeds will be used for general corporate purposes.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the common stock will be made only by means of a prospectus. When available, a copy of the preliminary prospectus relating to this offering may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad St., New York, NY 10004 or by faxing (212) 902-9316 or calling toll-free 1-866-471-2526 or emailing at prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, New York, New York 10014 (email address: prospectus@morganstanley.com); or BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attention: Prospectus Department; or J.P. Morgan Securities Inc., Attention: Prospectus Department, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 or by calling (718) 242-8002.

About Select

Select Medical Corporation is a leading operator of specialty hospitals in the United States. Select operates 87 long term acute care hospitals and five acute medical rehabilitation hospitals in 25 states, and 948 outpatient rehabilitation clinics in 37 states and the District of Columbia. Select also provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites. Select began operations in 1997 under the leadership of its current management team.


'/>"/>
SOURCE Select Medical Holdings Corporation
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Methodist Health System Selects Webmedx for Medical Transcription Technology and Services
2. Selective Insurance Group Announces Officer Appointments
3. Kroger Selects WaveSense Diabetes Testing Products
4. eDiets.com Selects Karlin+Pimsler to Lead Creative Turnaround
5. VNA of Hanover & Spring Grove Selects Cardiocom Telehealth Technology as Its New Telehealth Provider
6. Award-Winning Actress and Director Anjelica Huston Selected as Honorary Chair for L.A. Jewish Homes Walk of Ages X
7. Abbott to Collaborate With Pfizer Inc on Companion Diagnostic Test to Select Patient Candidates for Novel Investigational Non-Small Cell Lung Cancer Therapy
8. Sandata Selected by Volunteer State Health Plan to Manage TennCare Choices
9. Stemedica Selected by World Stem Cell Summit to Present Scientific Discoveries
10. Greenberg Traurig Attorney Selected For Massachusetts Life Sciences Collaborative Task Force
11. Bioelements Selects Room 214 as Their Social Media and Online Marketing Agency
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... ... March 23, 2017 , ... “A Respectful ... “A Respectful Response To Atheist Manifesto” is the creation of published author Richard ... Nancy, for sixty years. He holds graduate degrees from Kent State University and ...
(Date:3/22/2017)... ... March 22, 2017 , ... Cosmetic Town, an ... issue of its companion print magazine. The new magazine, scheduled for release in ... information provided by board-certified doctors from across the country. , According to the ...
(Date:3/22/2017)... ... March 22, 2017 , ... Old School Labs™, makers of the best-selling Vintage ... new Brand Ambassador. Theophane, who trained with Floyd Mayweather, made his professional debut in ... racked up an impressive number of wins in contests in Britain, Germany and the ...
(Date:3/22/2017)... ... March 22, 2017 , ... Influence Health, ... digital marketing solutions have enabled Children’s Hospital of The King’s Daughters (CHKD) to ... Recognizing the value of a digital marketing approach, the 206-bed pediatric teaching hospital ...
(Date:3/22/2017)... ... March 22, 2017 , ... The Burke Medical ... to translate advances in basic neuroscience at the BMRI labs into new and ... to improve movement, vision, and cognition impaired by stroke, traumatic brain injury, cerebral ...
Breaking Medicine News(10 mins):
(Date:3/22/2017)... 2017 FinancialBuzz.com News Commentary ... due to the significant development and innovation in EP ... Research, the global electrophysiology market was worth $3.42 billion ... by 2022, with a GAGR of 13.4%. Electrophysiology is ... abnormal heartbeats or arrhythmia. The report indicates that in ...
(Date:3/22/2017)... EMD Serono, the biopharmaceutical business of Merck KGaA, Darmstadt, ... Canada , today announced two new real-world data analyses ... 65 th Annual Pacific Coast Reproductive Society (PCRS) Meeting ... 24 th .   The results being presented are ... 2009 to December 2015 containing data from 15 fertility clinics ...
(Date:3/22/2017)... March 22, 2017  Levine Cancer Institute today ... unit designed to address lung cancer diagnosis, treatment ... Carolinas. The mobile lung unit is the first-of-its-kind ... and treatment interventions through integrated mobile technology, traditional ... Financial barriers and a lack of public transportation ...
Breaking Medicine Technology: