UBS Raises Price Target on Select Medical Holdings (SEM) to $11; Reiterates Sell Rating
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May 5, 2016 4:31 PM EDT
MECHANICSBURG, Pa., May 5, 2016 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") (NYSE: SEM) today announced results for its first quarter ended March 31, 2016.
On March 4, 2016, Select Medical consummated the acquisition of Physiotherapy Associates Holdings, Inc. ("Physiotherapy"), a national provider of outpatient physical rehabilitation care which offers a wide range of services, including general orthopedics, spinal care and neurological rehabilitation, as well as orthotics and prosthetics services. Select Medical acquired 100% of the issued and outstanding equity securities of Physiotherapy. Physiotherapy's financial results are consolidated with Select Medical's effective March 4, 2016. Additionally, on March 31,... More
