Select Medical merger approved by shareholders, expected to close mid-2026

Select Medical Holdings Corporation announced that its merger agreement with a consortium led by its Executive Chairman and private equity firm WCAS was approved by over 79% of shareholders at a special meeting. The merger, pending regulatory and other conditions, is expected to close by mid-2026. This deal will transition Select Medical, a major operator of recovery and rehabilitation hospitals in the U.S., into new ownership, potentially impacting its strategic direction and operations. Financial and legal advisors are involved to support the transaction process.