Select Medical Holdings Corp (NYSE: SEM) is a healthcare services company that operates specialty hospitals and outpatient rehabilitation clinics across the United States. Revenue is generated through patient care services billed to Medicare, Medicaid, commercial insurers, and self-pay patients across its hospital and outpatient segments. The 10-K filed 2026-02-19 (accession 000132041426000007) covers the fiscal year ended in that period, but the filing excerpts provided do not contain sufficient detail to support specific segment revenue figures, facility counts, founding year, CEO name, competitor names, or capital structure details. Based solely on the available excerpt, Select Medical operates as a multi-segment inpatient and outpatient care provider. No additional facts about revenue mix, market position, geographic footprint, customer concentration, or moat sources are supported by the excerpts provided and are therefore omitted.

Revenue model

Patient care services revenue billed to government payors (Medicare, Medicaid), commercial insurers, and self-pay patients. Specific revenue figures and payor mix percentages are not supported by the provided filing excerpts.

Products and services

Specialty hospital care and outpatient rehabilitation services. Specific brand names, facility counts, and service line details are not supported by the provided filing excerpts.

Customers and end markets

Patients receiving inpatient specialty hospital care and outpatient rehabilitation. Payors include Medicare, Medicaid, and commercial insurers. Specific payor concentration figures are not supported by the provided filing excerpts.

Value-chain role

Direct healthcare services provider operating specialty hospitals and outpatient rehabilitation facilities.

Geographic exposure

United States. Specific state or regional breakdowns are not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-19

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