Select Medical Corporation (NYSE: SEM) and Carilion Clinic announced a joint venture partnership to build and operate a 50-bed inpatient rehabilitation hospital in Roanoke, Virginia. Select Medical will serve as the majority owner and manager of Carilion Rehabilitation Hospital.

The new facility will be constructed at 9th Street, SE in Roanoke, with construction beginning in spring 2026 and a targeted opening in spring or summer 2028. Upon the new hospital's opening, Carilion Roanoke Community Hospital will cease operation of its existing 34-bed acute rehabilitation unit.

"As the need for inpatient rehabilitative care continues to grow, we are proud to partner with Carilion Clinic to support this expanding patient population across Virginia's Blue Ridge," said Tom Mullin, chief executive officer of Select Medical. "Together, we are committed to delivering best-in-class patient care and outcomes that rebuild function, mobility and independence following serious illness or injury such as stroke, traumatic brain injury, spinal cord injury and other neurological conditions."

Mike Abbott, president of Carilion Medical Center, said the new hospital represents "an investment in strengthening and growing physical rehabilitation services in our region." Abbott noted that Select Medical's "resources, knowledge, and expertise" will help boost care provided to the community and serve more patients requiring rehabilitative care.

Carilion Clinic is a not-for-profit healthcare organization headquartered in Roanoke that serves nearly 1 million Virginians through a network of hospitals and physician practices. Select Medical operates 103 critical illness recovery hospitals in 28 states, 41 rehabilitation hospitals in 15 states, and 1,912 outpatient rehabilitation clinics in 37 states and the District of Columbia as of March 31, 2026.