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Select Medical Holdings' (SEM) Q3 2017 Results - Earnings Call Transcript

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Select Medical Holdings Corporation (NYSE:SEM) Q3 2017 Results Earnings Conference Call November 3, 2017 9:00 AM ET


Robert Ortenzio - Executive Chairman and Co-Founder

Martin Jackson - EVP & CFO


Frank Morgan - RBC Capital Markets

Whit Mayo - Robert Baird

Chris Rigg - Deutsche Bank

Bill Sutherland - Benchmark Company

Kevin Fischbeck - Bank of America

Whit Mayo - Robert Baird


Good morning, and thank you for joining us today for Select Medical Holdings Corporation's Earnings Conference Call to discuss the third quarter 2017 results and the company's business outlook.

Speaking today are the company's Executive Chairman and Co-Founder, Robert Ortenzio; and the company's Executive Vice President and Chief Financial Officer, Martin Jackson.

Management will give you an overview of the quarter and then open the call for questions. Before we get started, we would like to remind you that this conference call may contain forward-looking statements regarding future events or the future financial performance of the company, including without limitation, statements regarding operating results, growth opportunities and other statements that refer to Select Medical's plans, expectations, strategies, intentions and beliefs. These forward-looking statements are based on the information available to management of Select Medical today, and the company assumes no obligation to update these statements as the circumstances change.

At this time, I would like to turn the conference call over to Mr. Robert Ortenzio. Sir, you may begin.

Robert Ortenzio

Thank you, operator. Good morning, everyone. Thanks for joining us for Select Medical's Third Quarter Earnings Conference Call for 2017. Before I outline our operational metrics for the quarter, I want to provide you with some highlights for the quarter.

First, we are pleased to have announced the signing last week of an agreement to combine Concentra and U.S. HealthWorks. Under the terms of the agreement, Select will

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