Last $12.73 USD
Change Today -0.26 / -2.00%
Volume 490.6K
As of 6:40 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

select medical holdings corp (SEM) Snapshot

Open
$12.96
Previous Close
$12.99
Day High
$12.98
Day Low
$12.65
52 Week High
07/30/14 - $16.17
52 Week Low
09/30/13 - $7.91
Market Cap
1.7B
Average Volume 10 Days
896.7K
EPS TTM
$0.90
Shares Outstanding
130.0M
EX-Date
08/18/14
P/E TM
14.1x
Dividend
$0.40
Dividend Yield
3.14%
Current Stock Chart for SELECT MEDICAL HOLDINGS CORP (SEM)

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select medical holdings corp (SEM) Details

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates specialty hospitals and outpatient rehabilitation clinics in the United States. It operates in two segments, Specialty Hospitals and Outpatient Rehabilitation. The Specialty Hospitals segment provides long term acute care hospital services and inpatient acute rehabilitative hospital care. This segment offers various medical services, such as respiratory failure, neuromuscular disorders, traumatic brain and spinal cord injuries, strokes, non-healing wounds, cardiac disorders, renal disorders, and cancer. The Outpatient Rehabilitation segment operates clinics that provides physical, occupational, and speech rehabilitation services. This segment also offers medical rehabilitative services to residents and patients of nursing homes, hospitals, schools, assisted living and senior care centers, and worksites. In addition, this segment provides specialized programs, such as functional programs for work related injuries, hand therapy, and athletic training services; and services that are designed to prevent short term disabilities from becoming chronic conditions. As of December 31, 2013, it operated 108 long term acute care hospitals and 15 inpatient rehabilitation facilities in 28 states; and 1,006 outpatient rehabilitation clinics in 32 states and the District of Columbia. Select Medical Holdings Corporation was founded in 1996 and is headquartered in Mechanicsburg, Pennsylvania.

21,100 Employees
Last Reported Date: 02/25/14
Founded in 1996

select medical holdings corp (SEM) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $740.0K
Co-Founder and Executive Chairman
Total Annual Compensation: $995.0K
Co-Founder and Vice Chairman
Total Annual Compensation: $950.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Executive Advisor to the Chief Executive Offi...
Total Annual Compensation: $715.4K
Compensation as of Fiscal Year 2013.

select medical holdings corp (SEM) Key Developments

Select Medical Holdings Mulls Acquisitions

Select Medical Holdings Corporation (NYSE:SEM) is seeking acquisitions. Robert Ortenzio, co-founder, Chairman and Chief Executive Officer of Select Medical Holdings said, "And then finally, we are always contemplating and looking at acquisitions, and if we found anything that had some good return characteristics to us, we wouldn't hesitate to do an acquisition."

Select Medical Holdings Corporation Reports Unaudited Consolidated Earnings Result for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year 2014; Declares Cash Dividend, Payable on or About August 29, 2014

Select Medical Holdings Corporation reported unaudited consolidated earnings result for the second quarter and six months ended June 30, 2014. For the second quarter ended June 30, 2014, net operating revenues increased 2.1% to $772.8 million, compared to $756.7 million for the same quarter, prior year. Income from operations was $82.2 million for the second quarter ended June 30, 2014, compared to $88.3 million for the same quarter, prior year. Income before income taxes was at $49.65 million against $61.77 million reported last year. Net income attributable to Select Medical was $35.3 million for the second quarter ended June 30, 2014, compared to $27.8 million for the same quarter, prior year. Net income attributable to Select Medical for the second quarter ended June 30, 2013 includes a loss on early retirement of debt, net of tax, of $10.5 million. Adjusted EBITDA for the second quarter ended June 30, 2014 was $101.4 million, compared to $106.0 million for the same quarter, prior year. Income per common share for the second quarter ended June 30, 2014 was $0.27 on a fully diluted basis compared to income per common share of $0.20 for the same quarter, prior year. Excluding the loss related to the early retirement of debt for the second quarter ended June 30, 2013 and its related tax affects, adjusted income per common share was $0.27 per diluted share for the second quarter ended June 30, 2013. Net cash provided by operating activities was at $34 million against $58.17 million reported last year. Purchases of property and equipment was at $13.96 million against $23.19 million reported last year. For the six months ended June 30, 2014, net operating revenues increased 1.9% to $1,535.3 million compared to $1,506.6 million for the same period, prior year. Income from operations was $160.6 million compared to $170.8 million for the same period, prior year. The Sequestration Reduction and MPPR Reduction reduced both net operating revenues and income from operations by $15.2 million for the Sequestration Reduction and $4.5 million for the MPPR Reduction for the six months ended June 30, 2014. The Sequestration Reduction and MPPR Reduction reduced both net operating revenues and income from operations by $9.5 million for the Sequestration Reduction and $1.7 million for the MPPR Reduction for the six months ended June 30, 2013. Income before income taxes was at $108.31 million against $118.23 million reported last year. Net income attributable to Select Medical was $68.4 million compared to $62.2 million for the same period, prior year. Net income attributable to Select Medical for the six months ended June 30, 2014 and 2013 includes losses on early retirement of debt, net of tax, of $1.4 million and $11.4 million, respectively. Adjusted EBITDA for the six months ended June 30, 2014 decreased 3.8% to $198.2 million compared to $206.0 million for the same period, prior year. Income per common share for the six months ended June 30, 2014 was $0.51 on a fully diluted basis compared to income per common share of $0.44 for the six months ended June 30, 2013. Excluding the loss related to the early retirement of debt and its related tax effects in both periods, adjusted income per common share was $0.52 per diluted share for the six months ended June 30, 2014 compared to $0.53 per diluted share for the six months ended June 30, 2013. Net cash provided by operating activities was at $22.02 million against $42.17 million reported last year. Purchases of property and equipment was at $27.96 million against $50.49 million reported last year. The company's board of directors declared a cash dividend of $0.10 per share. The dividend will be payable on or about August 29, 2014 to stockholders of record as of the close of business on August 20, 2014. The company is reaffirming its prior business outlook provided most recently in its May 1, 2014 first quarter earnings press release. Select Medical continues to expect consolidated net operating revenues for the full year 2014 to be in the range of $3.05 billion to $3.15 billion, Adjusted EBITDA for the full year 2014 to be in the range of $365.0 million to $385.0 million, adjusted income per common share, which excludes the loss on retirement of debt and its related tax effects, for the full year 2014 to be in the range $0.89 to $0.97 and fully diluted income per common share for the full year 2014 to be in the range of $0.88 to $0.96.

Select Medical, PinnacleHealth Form JV to Co-Own Helen M. Simpson Rehabilitation Hospital and 23 Outpatient Clinics in Pennsylvania

Select Medical Holdings Corp. announced that it will create a joint venture with PinnacleHealth to co-own the Helen M. Simpson Rehabilitation hospital in Harrisburg and 23 outpatient clinics located in central Pennsylvania. Select Medical plans to contribute 15 of its outpatient clinics while PinnacleHealth plans to contribute eight of its outpatient clinics. As part of the agreement, SEM will serve as managing partner of the JV's hospital and outpatient clinics. Financial terms of the partnership were not disclosed.

 

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Industry Analysis

SEM

Industry Average

Valuation SEM Industry Range
Price/Earnings 14.8x
Price/Sales 0.6x
Price/Book 2.4x
Price/Cash Flow 9.0x
TEV/Sales 0.0x
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