- Select Medical Holdings (NYSE:SEM) sells its contract therapy business to an affiliate of Encore Rehabilitation Services, LLC, for $65M in cash, subject to certain adjustments. The deal also includes an earn-out provision of up to $7.5M contingent on meeting specific revenue targets from 2016 to 2018.
Select Medical jettisons contract therapy business for $65M
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| Symbol | Last Price | % Chg |
|---|---|---|
| SEM | - | - |
| Select Medical Holdings Corporation | ||