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Select Medical Holdings Corporation (SEM) Shareholder/Ana...
2026-04-24 · via All Articles on Seeking Alpha

Select Medical Holdings Corporation (SEM) Shareholder/Analyst Call April 23, 2026 11:00 AM EDT

Company Participants

Robert Ortenzio - Co-Founder & Executive Chairman
John Duggan - Executive VP, General Counsel & Secretary
Thomas Mullin - Chief Executive Officer
Brian Rusignuolo - Executive Vice President & Chief Information Officer

Conference Call Participants

Drew Waford
John Chevedden

Presentation

Operator

Hello, and welcome to the Annual Meeting of the Stockholders of Select Medical Holdings Corporation. Please note that today's meeting is being recorded.

As previously announced, the company has entered into a definitive merger agreement pursuant to which an entity affiliated with a consortium led by Robert A. Ortenzio, Executive Chairman, Co-Founder and Director of the Company; Martin F. Jackson, Senior Executive Vice President of Strategic Finance and Operations of the company; and Welsh, Carson, Anderson & Stowe will acquire all of the outstanding shares of the common stock of the company not already owned by the consortium on the terms and subject to the conditions set forth in the merger agreement. Additional information will be provided in a proxy statement that will be filed with the SEC. Today, the company will not be commenting further on the proposed merger.

[Operator Instructions] It is now my pleasure to turn today's meeting over to Mr. Robert Ortenzio, the company's Executive Chairman and Co-Founder. Mr. Ortenzio, the floor is yours.

Robert Ortenzio
Co-Founder & Executive Chairman

Thank you, operator. Welcome, everyone. Today's virtual-only meeting is a live webcast. We are pleased that you could join us today. Your interest in the company is appreciated. Select Medical has always sought to prioritize the development and advancement of its people as a cornerstone of future success. In September, Tom Mullin was appointed Chief Executive Officer after serving in various leadership roles with the company since 2008, including President of our Specialty Hospital division. David Chernow, who has previously served as CEO, transitioned to