Select Medical Holdings Corporation Common Stock (SEM)
17.67
-0.24 (-1.34%)
Select Medical Holdings Corp is a leading provider of specialized healthcare services, focusing primarily on the management of rehabilitation and long-term acute care hospitals
Through its extensive network of facilities, the company offers a range of services aimed at improving patient outcomes, including physical therapy, occupational therapy, and respiratory care. With a commitment to high-quality patient care, Select Medical integrates evidence-based practices and innovative treatment approaches to support individuals recovering from injury, illness, or surgery, ensuring they receive comprehensive care tailored to their needs.
Healthcare companies are pushing the status quo by innovating in areas like drug development and digital health. But speed bumps such as inventory destockings have persisted in the wake of COVID-19,
and over the past six months, the industry has pulled back by 6.3%. This performance is a noticeable divergence from the S&P 500’s 5.1% return.
Shares of healthcare services company Select Medical (NYSESEM)
fell 14.1% in the morning session after the company reported disappointing fourth quarter 2024 results, which missed across all key operating metrics. Its full-year revenue and EBITDA guidance also fell short of Wall Street's estimates. Overall, this was a weaker quarter.
Healthcare services company Select Medical (NYSESEM) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 20.9% year on year to $1.31 billion. The company’s full-year revenue guidance of $5.5 billion at the midpoint came in 9.1% below analysts’ estimates. Its GAAP loss of $0.13 per share was significantly below analysts’ consensus estimates.
As the regular session of the US market on Thursday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
JMP Securities initiates U.S. Physical Therapy (USPH) coverage with a $113 target, citing growth driven by acquisitions, partnerships, and strategic focus.
Concentra, a subsidiary of select medical, recently priced its IPO at $23.50 per share. Concentra offers occupational health services with 547 centers in 41 states.
Lineage jumped as much as 5% in their debut on the Nasdaq earlier this week. The largest temperature-controlled warehouse real estate investment trust in the world raised $4.4B at an implied valuation of $18B, making it the largest IPO since Arm.
