MergerApr 30, 2026, 04:37 PM
SEM to be acquired for $16.50/share; Q1 Revenue $1.42B, EPS $0.35
AI Summary
Select Medical Holdings Corp (SEM) announced a merger agreement to be acquired by a consortium led by its Executive Chairman for $16.50 per share in cash. For Q1 2026, the company reported revenue of $1.42 billion, an increase from $1.35 billion in Q1 2025. However, net income attributable to SEM decreased to $44.0 million ($0.35 EPS) from $56.7 million ($0.44 EPS) in the prior year period. Net cash provided by operating activities significantly improved to $37.9 million from a negative $3.5 million.
Key Highlights
- Merger agreement to be acquired for $16.50 per share in cash by a consortium.
- Q1 2026 Revenue increased to $1.42 billion from $1.35 billion in Q1 2025 (+5.0%).
- Q1 2026 Net income attributable to SEM decreased to $44.0 million from $56.7 million (-22.4%).
- Q1 2026 Basic and diluted EPS decreased to $0.35 from $0.44 (-20.5%).
- Net cash provided by operating activities improved to $37.9 million from $(3.5) million in Q1 2025.
- Rehabilitation Hospital segment revenue grew to $351.9 million from $307.4 million (+14.5%).
- Critical Illness Recovery Hospital Adjusted EBITDA decreased to $73.4 million from $86.6 million (-15.3%).
- No common stock repurchases in Q1 2026, compared to $11.4 million in Q1 2025.