On the Record · Select Medical Holdings

Select Medical Holdings acquisitions, on the record

The businesses Select Medical Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Physiotherapy Word for word“Since our inception in 1997 through 2023, we completed a number of significant acquisitions, including the acquisitions of Physiotherapy, Concentra, and U.S. HealthWorks.” 10-K for 2023	acquisition	Since our inception in 1997 through 2023	—
Concentra Word for word“Since our inception in 1997 through 2023, we completed a number of significant acquisitions, including the acquisitions of Physiotherapy, Concentra, and U.S. HealthWorks.” 10-K for 2023	acquisition	Since our inception in 1997 through 2023	—
U.S. HealthWorks Word for word“Since our inception in 1997 through 2023, we completed a number of significant acquisitions, including the acquisitions of Physiotherapy, Concentra, and U.S. HealthWorks.” 10-K for 2023	acquisition	Since our inception in 1997 through 2023	—
Critical illness recovery hospitals (acquired during 2021) Word for word“During the year ended December 31, 2021, the Company made acquisitions consisting of critical illness recovery hospital, rehabilitation hospital, outpatient rehabilitation, and Concentra businesses.” 10-K for 2023	acquisition	During the year ended December 31, 2021	—
Critical illness recovery hospital, outpatient rehabilitation, and Concentra businesses (acquired during 2022) Word for word“During the year ended December 31, 2022, the Company made acquisitions consisting of critical illness recovery hospital, outpatient rehabilitation, and Concentra businesses.” 10-K for 2023	acquisition	During the year ended December 31, 2022	—
Critical illness recovery hospital, rehabilitation hospital, outpatient rehabilitation, and Concentra businesses (acquired during 2023) Word for word“During the year ended December 31, 2023, the Company made acquisitions consisting of critical illness recovery hospital, rehabilitation hospital, outpatient rehabilitation, and Concentra businesses.” 10-K for 2023	acquisition	During the year ended December 31, 2023	—
Membership interests of Concentra Group Holdings Parent Word for word“During the years ended December 31, 2021, 2022, and 2023, Select and members of Concentra Group Holdings Parent entered into agreements pursuant to which Select acquired additional outstanding membership interests of Concentra Group Holdings Parent for $ 660.7 million, $ 5.9 million, and $ 6.3 million respectively.” 10-K for 2023	acquisition	During the years ended December 31, 2021, 2022, and 2023	$ 660.7 million, $ 5.9 million, and $ 6.3 million respectively
Hospitals closed/sold Word for word“Number of hospitals closed/sold (1) (4) (2) Number of consolidated hospitals—end of period (1) 104 103 107 Available licensed beds (3) 4,518 4,386 4,538” 10-K for 2023	divestiture	—	—
Proceeds from sale of assets and businesses Word for word“Proceeds from sale of assets and businesses 26,821 8,343 163 Net cash used in investing activities ( 256,594 ) ( 226,339 ) ( 268,477 ) Financing activities” 10-K for 2023	divestiture	—	—
Concentra Group Holdings Parent Word for word“On July 26, 2024, Concentra Group Holdings Parent (“Concentra”), a then wholly-owned subsidiary of Select, completed an initial public offering (“IPO”) of 22,500,000 shares of its common stock, par value $ 0.01 per share, at an initial public offering price of $ 23.50 per share for net proceeds of $ 499.7 million after deducting underwriting discounts and commission of $ 29.1 million.” 10-K for 2024	divestiture	July 26, 2024	$ 499.7 million
Concentra Word for word“The common stock of Concentra was distributed to Select stockholders on November 25, 2024, as discussed in “ Overview .”” 10-K for 2024	divestiture	November 25, 2024	—
critical illness recovery hospital and outpatient rehabilitation businesses Word for word“During the year ended December 31, 2022, the Company made acquisitions consisting of critical illness recovery hospital and outpatient rehabilitation businesses.” 10-K for 2024	acquisition	year ended December 31, 2022	—
critical illness recovery hospital, rehabilitation hospital, and outpatient rehabilitation businesses Word for word“During the year ended December 31, 2023, the Company made acquisitions consisting of critical illness recovery hospital, rehabilitation hospital, and outpatient rehabilitation businesses.” 10-K for 2024	acquisition	year ended December 31, 2023	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$472.2 million	$80.5 million	$446.7 million
2017-12-31	$27.4 million	—	$32 million
2018-12-31	$523.1 million	—	$542.9 million
2019-12-31	$93.7 million	—	$78.7 million
2020-12-31	$20.8 million	—	$23.4 million
2021-12-31	$81.9 million	—	$72.4 million
2022-12-31	$27 million	—	$22 million
2023-12-31	$29.6 million	—	$25.1 million
2024-12-31	$13.1 million	—	$48 million
2025-12-31	$9.2 million	—	$29 million

Deal filings since 2016

2026-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-07-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2026-03-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-12-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-11-26 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-07-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-02-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-12-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-04-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-10-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-03-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Select Medical Holdings’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.