Select Medical shareholders back buyout by Ortenzio, Jackson and WCAS

Shareholders of Select Medical have voted to approve a buyout led by company founders Robert and Rocco Ortenzio, along with Jackson and Welsh, Carson, Anderson & Stowe (WCAS), taking the large rehabilitation and specialty hospital operator private. Select Medical operates an extensive network of outpatient physical therapy clinics and inpatient rehabilitation facilities across the United States. The completed vote moves the transaction closer to finalization, which could affect how the company's PT services are structured and funded going forward.

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