Hospital operator Select Medical Holdings Corporation (SEM) recently completed the spin-off of Concentra Group Holdings Parent, Inc. (CON) by distributing its 81.7% ownership stake in the company to its shareholders. Per the previously announced distribution plan, Select Medical distributed 104,093,503 shares of Concentra’s common stock.This was done through a pro-rata stock distribution, where shareholders of SEM received 0.806971 shares of Concentra common stock for each share of SEM they held as of the r ...

MECHANICSBURG, Pa., Nov. 25, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced that we have completed our previously announced distribution (the "Distribution") of 104,093,503 shares of common stock of Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON) owned by Select Medical Corporation ("SMC"), a wholly owned subsidiary of Select Medical, representing approximately 81.7% of the outstanding shares of Concentra's common ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...

MECHANICSBURG, Pa., Nov. 19, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical," "we," "us," or "our") (NYSE: SEM) today announced the distribution ratio for the previously announced special stock distribution (the "Distribution") to its stockholders of its equity interest in Concentra Group Holdings Parent, Inc. ("Concentra") (NYSE: CON). Based on the shares of Select Medical's common stock outstanding as of November 18, 2024, the record date (the "Record Date") for the Distribution ...

MECHANICSBURG, Pa.  , Nov. 18, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Holdings") (NYSE: SEM), today announced that Select Medical Corporation, a wholly-owned subsidiary of Holdings ("Select"), has priced a private offering (the "Offering") of $550.0 million in aggregate principal amount of its 6.250% senior notes due 2032 (the "notes"). The Offering is expected to close on December 3, 2024, subject to the satisfaction of customary closing conditions. The notes will be senior unsecured ob ...

MECHANICSBURG, Pa., Nov. 18, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Holdings") (NYSE: SEM), today announced that Select Medical Corporation ("Select") has commenced a private offering (the "Offering"), subject to market and other customary conditions, of $850 million in aggregate principal amount of senior notes due 2032 (the "notes"). The notes will be senior unsecured obligations of Select and will be guaranteed by certain of Select's existing and future domestic subsidiaries.Concurren ...

Medical worker shows the structure of a recipe.gettyOn November 06, Select Medical Holdings (NYSE: SEM; $40.20; Market Cap: $5.2 billion) announced a special stock distribution of its carved out unit Concentra Holdings (NYSE: CON; $19.67; Market Cap: $2.5 billion) to its shareholders. The distribution is set for November 25, 2024, with a record date of November 18, 2024. Shareholders will receive approximately 0.806971 shares of Concentra’s common stock for each share of Select Medical stock they own. This ...

Select Medical Holdings Corporation’s (SEM) stock gained 13.8% since it reported third-quarter 2024 results on Oct. 31, 2024. Upward revision in revenues and adjusted EBITDA outlook might have buoyed investors’ confidence in the stock. The third-quarter results benefited on the back of growth in patient days and revenue per patient day at the Critical Illness Recovery Hospital and Rehabilitation Hospital.SEM reported third-quarter 2024 adjusted earnings per share (EPS) of 50 cents, which surpassed the Zacks ...

财务数据和关键指标变化 - 第三季度的调整后EBITDA增长了6%，从1.938亿美元增至2.055亿美元，调整后EBITDA利润率为11.7%，相比于去年同期的11.6%有所上升 [16] - 收入同比增长6% [16] - 每股收益为0.43美元，较去年同期的0.38美元有所上升 [25] 各条业务线数据和关键指标变化 - 住院康复医院部门收入增长14%，调整后EBITDA增长12% [20] - 危重病恢复医院部门收入增长3%，调整后EBITDA增长9% [17] - 门诊康复部门收入增长7%，患者数量增加6% [24] 各个市场数据和关键指标变化 - Concentra的净收入和调整后EBITDA均增长3%，收入增长主要得益于工伤赔偿费率的4%上升 [23] - Concentra的工伤赔偿量同比增长2%，但雇主基础访问量下降4% [23] 公司战略和发展方向和行业竞争 - 公司计划在2024至2026年间增加569张床位，主要集中在住院康复部门 [13] - 公司在门诊康复部门新增了9家诊所，未来还计划开设更多新诊所 [14] - 公司将继续评估股票回购、减少债务和发展机会 [26] 管理层对经营环境和未来前景的评论 - 管理层对第三季度的表现表示满意，所有四个部门的收入和调整后EBITDA均超过去年同期 [15] - 管理层预计2024年收入将在69.5亿至71.5亿美元之间，调整后EBITDA将在8.65亿至8.85亿美元之间 [42] 其他重要信息 - 公司在第三季度完成了Concentra的首次公开募股，Select Medical目前持有Concentra 81.74%的股份 [5][6] - 公司在第三季度的利息支出为5540万美元，较去年同期的5030万美元有所上升 [37] 问答环节所有提问和回答 问题: 关于LTAC的入住率趋势 - 管理层表示，第三季度的入住率高于去年同期，主要是季节性因素，而非人力资源问题 [44] 问题: 关于资本部署的偏好 - 管理层表示，保持3倍的杠杆率是优先事项，未来将继续保持灵活性，利用自由现金流进行资本部署 [49] 问题: 关于门诊康复的效率提升 - 管理层提到，减少了代理人员的使用，并通过技术提升临床效率，预计未来将进一步改善利润率 [65]

文章核心观点 - Select Medical公司第三季度业绩超出预期,每股收益为0.50美元,高于市场预期的0.36美元 [1] - 公司连续4个季度超出市场盈利预期 [2] - 公司第三季度收入为17.6亿美元,也超出市场预期 [2] - 公司股价今年以来上涨39.8%,超过标普500指数21.9%的涨幅 [3] 行业和公司分析 行业分析 - 医疗保健行业(Medical - HMOs)目前在250多个扎克斯行业中排名靠后,在底部18%左右 [8] - 扎克斯研究显示,排名前50%的行业相比排名后50%的行业,业绩表现要好2倍以上 [8] 公司分析 - 公司未来业绩预期不太乐观,股票评级为扎克斯4级(卖出) [6] - 分析师对公司未来几个季度和本财年的盈利预期有所下调 [6][7] - 另一家医疗股公司uniQure第三季度业绩也有望超预期 [9]