SELECT MEDICAL HOLDINGS CORP
SEM · Services-Hospitals · 124.0M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$31M (gross $13M, SBC $44M)
Reference price $15.02 · est. market cap ~$1.9B — last insider purchase, 2025-05-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Select Medical — critical-illness, rehab and outpatient-therapy operator.
Strengths
- ROA 75th pct, ROE 8.6% (59th); diversified post-acute mix
Risks
- Net income down 32%; reimbursement and labor exposure
- Tight liquidity (current 1.04); leverage
Notable findings
- Restatement• Certain provisions in our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, and of Delaware law, may prevent or delay an acquisition of us, which could decrease the 8-K ↗
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~45% of revenue from one customer/distributor — Of this total, we earned approximately 45% of our revenue from our critical illness recovery hospital segment, approximately 24% from our rehabilitation hospital segment, and approximately 24% from ou
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
6.2%
Net margin
2.7%
Return on equity
8.6%
Return on assets
2.5%
Revenue growth (QoQ)
1.8%
Net-income growth
-31.7%
Current ratio
1.0×
EBITDA
$476M
Tangible book value
-$756M
Cash & investments
$27M
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-04 | Breighner Robert G. JR | Tax withheld | 1.3K | $16.44 |
| 2026-04-30 | CHERNOW DAVID S | Tax withheld | 23K | $16.41 |
| 2026-04-28 | Frist William H. | Grant | 1.1K | $16.45 |
| 2026-02-11 | Frist William H. | Grant | 1.1K | $16.23 |
| 2025-11-01 | Duggan John F. | Tax withheld | 4.9K | $13.83 |
| 2025-11-01 | Malatesta Michael F | Tax withheld | 7.4K | $13.83 |
| 2025-10-28 | Duggan John F. | Grant | 50K | — |
| 2025-10-28 | Weigl Christopher | Grant | 20K | — |
| 2025-10-28 | Frist William H. | Grant | 1.3K | $14.22 |
| 2025-08-01 | Saich John A. | Tax withheld | 22K | $12.57 |
| 2025-08-01 | Mullin Thomas P | Tax withheld | 22K | $12.57 |
| 2025-08-01 | TARVIN MICHAEL E | Tax withheld | 20K | $12.57 |
| 2025-08-01 | JACKSON MARTIN F | Tax withheld | 29K | $12.57 |
| 2025-08-01 | CHERNOW DAVID S | Tax withheld | 49K | $12.57 |
| 2025-08-01 | Rusignuolo Brian R. | Tax withheld | 15K | $12.57 |
| 2025-07-29 | Scully Thomas | Grant | 14K | — |
| 2025-07-29 | JACKSON MARTIN F | Grant | 150K | — |
| 2025-07-29 | Thomas Daniel | Grant | 14K | — |
| 2025-07-29 | Saich John A. | Grant | 100K | — |
| 2025-07-29 | Davisson Katherine R | Grant | 14K | — |
| 2025-07-29 | Khanuja Parvinderjit S. | Grant | 14K | — |
| 2025-07-29 | ORTENZIO ROBERT A | Grant | 250K | — |
| 2025-07-29 | Frist William H. | Grant | 1.3K | $14.25 |
| 2025-07-29 | Frist William H. | Grant | 14K | — |
| 2025-07-29 | TARVIN MICHAEL E | Grant | 100K | — |
| 2025-07-29 | CHERNOW DAVID S | Grant | 250K | — |
| 2025-07-29 | Ely James S. III | Grant | 14K | — |
| 2025-07-29 | Mullin Thomas P | Grant | 100K | — |
| 2025-07-29 | Malatesta Michael F | Grant | 75K | — |
| 2025-07-29 | TAVENNER MARILYN B | Grant | 14K | — |
| 2025-07-29 | Rusignuolo Brian R. | Grant | 75K | — |
| 2025-07-29 | CARSON RUSSELL L | Grant | 14K | — |
| 2025-05-05 | Khanuja Parvinderjit S. | Buy | 21K | $15.02 |
| 2025-05-04 | Breighner Robert G. JR | Tax withheld | 1.3K | $14.26 |
| 2025-04-30 | CHERNOW DAVID S | Tax withheld | 23K | $18.24 |
| 2025-04-30 | TARVIN MICHAEL E | Tax withheld | 9.0K | $18.24 |
| 2025-04-29 | CARSON RUSSELL L | Gift | 500K | — |
| 2025-04-29 | Frist William H. | Grant | 978 | $18.41 |
| 2025-04-29 | Breighner Robert G. JR | Grant | 7.0K | — |
| 2025-04-28 | CHERNOW DAVID S | Sell | 225K | $18.00 |
| 2025-02-12 | Frist William H. | Grant | 987 | $18.24 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Shareholder voteReg FDExhibits | filing ↗ |
| 2026-06-22 | Other | filing ↗ |
| 2026-04-30 | ResultsExec/director changeOtherExhibits | filing ↗ |
| 2026-04-24 | Shareholder voteExhibits | filing ↗ |
| 2026-03-03 | Material agreementReg FDExhibits | filing ↗ |
| 2026-02-19 | ResultsOtherExhibits | filing ↗ |
| 2025-12-19 | Exec/director changeExhibits | filing ↗ |
| 2025-11-25 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0001104659-26-078332 ↗ |
| 8-K | 2026-06-22 | 2026-06-22 | 0001104659-26-076085 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001320414-26-000011 ↗ |
| 8-K | 2026-04-30 | 2026-04-28 | 0001104659-26-053056 ↗ |
| 8-K | 2026-04-24 | 2026-04-23 | 0001104659-26-048634 ↗ |
| 8-K | 2026-03-03 | 2026-03-02 | 0001104659-26-022577 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001320414-26-000007 ↗ |
| 8-K | 2026-02-19 | 2026-02-12 | 0001104659-26-017585 ↗ |
| 8-K | 2025-12-19 | 2025-12-17 | 0001104659-25-123153 ↗ |
| 8-K | 2025-11-25 | 2025-11-24 | 0001104659-25-115701 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001320414-25-000015 ↗ |
| 8-K | 2025-10-30 | 2025-10-29 | 0001104659-25-104425 ↗ |