Select Medical Being Taken Private by Consortium Led by Robert Ortenzio, Martin Jackson, and WCAS for $3.9 Billion
July 2, 2026
Select Medical Holdings Corporation will be taken private in a $3.9 billion transaction, with a consortium led by Executive Chairman Robert A. Ortenzio and Senior Executive VP Martin F. Jackson alongside Welsh, Carson, Anderson & Stowe (WCAS). The deal closed effective July 1, 2026, at $16.50 per share in cash, ending Select Medical’s NYSE listing.
- Buyers
- Welsh, Carson, Anderson & Stowe (WCAS), Robert A. Ortenzio, Martin F. Jackson
- Targets
- Select Medical Holdings Corporation, Select Medical (NovaCare Rehabilitation operating platform)
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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