Select Medical (SEM) stockholders clear go-private merger led by insiders and WCAS

Shareholders of Select Medical Holdings have approved a go-private transaction that will take the publicly traded healthcare company off stock exchanges, led by company insiders and private equity firm Welsh, Carson, Anderson & Stowe (WCAS). Select Medical operates a large network of specialty hospitals and outpatient rehabilitation clinics across the United States. The deal's completion would shift the company's ownership structure away from public markets, potentially affecting its strategic direction and capital allocation for rehabilitation services.

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