Select Medical rises as Ortenzio submits buyout proposal

Select Medical Holdings

23/02/2026 13:08

** Shares of healthcare services provider Select Medical SEM.N up 1.6% at $15.25 premarket

** Co's Executive Chairman and co-founder Robert Ortenzio delivered a refined non-binding proposal on February 22 to co's special committee - SEM

** He offered $16 per share in cash for all outstanding shares he does not already own, according to the proposal - SEM

** Shares up ~21% in 2025

 (Reporting by Sahil Pandey in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))