Select Medical Holdings Corporation reported a revenue increase of 7.2% for the third quarter of 2025, reaching $1.36 billion compared to $1.27 billion in the same period of 2024. The company's income from continuing operations before other income and expense also rose to $73.0 million, up from $54.9 million year-over-year. For the nine months ending September 30, 2025, revenue totaled $4.06 billion, a 4.7% increase from $3.87 billion in the prior year, while income from continuing operations before other income and expense increased to $272.2 million from $247.2 million.

The financial performance was bolstered by significant growth in the rehabilitation hospital segment, which saw a 16.2% revenue increase to $328.6 million for the third quarter, driven by an 11.1% rise in patient days. The critical illness recovery hospital segment also contributed positively, with revenue increasing 4.6% to $609.9 million, although patient days slightly decreased. The outpatient rehabilitation segment reported a 4.3% revenue increase to $325.4 million, attributed to a 5.5% rise in patient visits.

In terms of operational metrics, Select Medical's total assets grew to $5.69 billion as of September 30, 2025, up from $5.61 billion at the end of 2024. The company maintained a stable employee headcount, with 1,922 outpatient rehabilitation clinics and 105 critical illness recovery hospitals across 40 states. The company also reported a decrease in general and administrative expenses, which fell to 2.9% of revenue from 3.7% in the previous year, primarily due to lower stock compensation expenses.

Strategically, Select Medical has been active in expanding its footprint, acquiring one critical illness recovery hospital and four outpatient rehabilitation clinics during the third quarter. The company continues to focus on enhancing its service offerings and operational efficiencies. Looking ahead, Select Medical anticipates continued growth driven by its strategic initiatives and the ongoing demand for rehabilitation services, despite potential challenges from regulatory changes and market conditions. The company declared a cash dividend of $0.0625 per share, payable on November 25, 2025, reflecting its commitment to returning value to shareholders.

About SELECT MEDICAL HOLDINGS CORP

Select Medical is a leading provider of post-acute healthcare services, operating critical illness recovery hospitals, rehabilitation hospitals, and outpatient clinics across the U.S. The company focuses on high-quality, specialized inpatient and outpatient care for patients with complex medical needs, serving primarily Medicare, Medicaid, and commercial payors. Its business model emphasizes clinical excellence, operational efficiency, strategic acquisitions, and strong partnerships with healthcare systems.

This description was generated via AI from an annual report. Updated 8 months ago.

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