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SEMBullishM&Anews
High materiality8/10

Select Medical completes $3.9B take-private at $16.50/ share

Jun 30, 2026, 4:17 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The offer delivers an explicit premium to pre-announcement levels and VWAP, with near-term price convergence to $16.50; delisting implies no further upside beyond the deal value.

AI summary

What happened, with direct paths to the underlying reporting

Select Medical closes its sale to a consortium led by Ortenzio, Jackson and WCAS for $16.50 per share, valuing the company at about $3.9 billion. The merger closes July 1, 2026, after stockholders approved on June 26, 2026, and the stock will be delisted on completion. Near-term investors should expect the stock to move toward the offer price with limited post-close upside.

  • Select Medical acquired by a WCAS-led consortium; price $16.50 per share.
  • Deal values the company at about $3.9 billion; closing July 1, 2026.
  • Stock will cease trading on NYSE upon merger closing.
  • Officers Ortenzio and Jackson stay in leadership; stockholders approved June 26, 2026.

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