Select Medical buyout deal faces legal scrutiny over possible undervaluation for shareholders.

Select Medical Holdings Corp. is being taken private in a $3.9 billion buyout led by insiders and private equity firm Welsh Carson Anderson & Stowe. Public shareholders will receive $16.50 per share, but a shareholder rights law firm, Julie & Holleman LLP, is investigating the deal for potential unfairness and conflicts of interest. The firm is concerned that insiders continuing with the company may have undervalued the shares, potentially shortchanging public investors. The buyout is expected to close mid-2026, with possible legal claims pending.