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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., Attenti
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SOURCE Select Medical Holdings Corporation
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