SEM

Select Medical Agrees to Acquire Valir Rehabilitation Hospital

Select Medical acquires Valir Rehabilitation Hospital, expanding into inpatient care. The acquisition responds to increased demand for rehabilitative services in Oklahoma City. Inpatient rehabilitation contributed to double-digit growth in revenue and EBITDA in Q2 2024. Rehabilitation segment generated 15.2% of total revenue in the last quarter. Expansion is expected to enhance SEM's financial results and increase hospital count.