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Select Medical Holdings's Business Segments
Select Medical Holdings's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Description of Select Medical Holdings
Select Medical Holdings Corporation is a leading operator of specialty hospitals, outpatient rehabilitation clinics, and emergency medical services in the United States. The company was founded in 1996 and is headquartered in Mechanicsburg, Pennsylvania. It is currently listed on the New York Stock Exchange (NYSE) under the ticker symbol SEM.
The company operates through two main business segments: Specialty Hospitals and Outpatient Rehabilitation. Its Specialty Hospitals segment includes long-term acute care hospitals and inpatient rehabilitation facilities. These facilities provide specialized medical care to patients who require extended hospitalization and rehabilitation services due to complex medical conditions or injuries. Select Medical owns and operates more than 100 long-term acute care hospitals and inpatient rehabilitation facilities across the country. The company's hospitals are specialized and equipped with top-of-the-line technology and provide high-quality patient care with an emphasis on safety and efficiency.
Select Medical's Outpatient Rehabilitation segment includes physical therapy clinics, occupational therapy clinics, and speech therapy clinics. These clinics offer outpatient rehabilitation services to patients who require help in recovering from injuries or managing chronic conditions. The company has more than 1,500 outpatient rehabilitation clinics in operation, making it one of the largest providers of outpatient rehabilitation services in the United States.
Select Medical prides itself on the quality of care that it provides to its patients, and it has earned various awards and accreditations over the years. The company has been recognized as a top-performing healthcare organization by leading industry publications such as U.S. News & World Report and Modern Healthcare. It has also been accredited by the Joint Commission, a national accrediting agency for hospitals and healthcare organizations in the United States.
In addition to its hospital and outpatient rehabilitation services, Select Medical also offers emergency medical services through its Concentra subsidiary. Concentra operates more than 500 medical centers across the country, providing occupational medicine, urgent care, and physical therapy services to businesses and individuals.
Overall, Select Medical Holdings Corporation is a well-respected and successful healthcare company with a strong commitment to quality patient care. Its specialized hospitals, outpatient rehabilitation clinics, and emergency medical services can provide the necessary health care and help to achieve a speedy recovery.
The company operates through two main business segments: Specialty Hospitals and Outpatient Rehabilitation. Its Specialty Hospitals segment includes long-term acute care hospitals and inpatient rehabilitation facilities. These facilities provide specialized medical care to patients who require extended hospitalization and rehabilitation services due to complex medical conditions or injuries. Select Medical owns and operates more than 100 long-term acute care hospitals and inpatient rehabilitation facilities across the country. The company's hospitals are specialized and equipped with top-of-the-line technology and provide high-quality patient care with an emphasis on safety and efficiency.
Select Medical's Outpatient Rehabilitation segment includes physical therapy clinics, occupational therapy clinics, and speech therapy clinics. These clinics offer outpatient rehabilitation services to patients who require help in recovering from injuries or managing chronic conditions. The company has more than 1,500 outpatient rehabilitation clinics in operation, making it one of the largest providers of outpatient rehabilitation services in the United States.
Select Medical prides itself on the quality of care that it provides to its patients, and it has earned various awards and accreditations over the years. The company has been recognized as a top-performing healthcare organization by leading industry publications such as U.S. News & World Report and Modern Healthcare. It has also been accredited by the Joint Commission, a national accrediting agency for hospitals and healthcare organizations in the United States.
In addition to its hospital and outpatient rehabilitation services, Select Medical also offers emergency medical services through its Concentra subsidiary. Concentra operates more than 500 medical centers across the country, providing occupational medicine, urgent care, and physical therapy services to businesses and individuals.
Overall, Select Medical Holdings Corporation is a well-respected and successful healthcare company with a strong commitment to quality patient care. Its specialized hospitals, outpatient rehabilitation clinics, and emergency medical services can provide the necessary health care and help to achieve a speedy recovery.
Reportable Segments
4
Largest Segment
Critical Illness Recovery Hospitals
Total Revenue
$ 1,421
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Critical Illness Recovery Hospitals44.9%
- Rehabilitation Hospitals24.8%
- Outpatient Rehabilitation22.6%
- Corporate and Unallocated7.7%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Critical Illness Recovery Hospitals | $ 639 | 44.9% |
| Rehabilitation Hospitals | $ 352 | 24.8% |
| Outpatient Rehabilitation | $ 321 | 22.6% |
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Revenue by Product & Service Category - Q1 FY2026
- Health Care, Patient Service21.3%
- Health Care, Patient Service, Non-Medicare17.8%
- Service, Other7.7%
- Health Care, Patient Service, Medicare3.5%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Health Care, Patient Service | $ 302 | 21.3% |
| Health Care, Patient Service, Non-Medicare | $ 253 | 17.8% |
| Service, Other | $ 109 | 7.7% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Annual Results
Annual (fiscal-year) segment data is not yet available for Select Medical Holdings. Quarterly results are shown above.
Select Medical Holdings's Business Overview
Select Medical Holdings Corp is a prominent leader in the realm of specialized healthcare services, focusing on delivering high-quality care solutions tailored to meet the diverse needs of patients with complex medical conditions. The organization operates through three core segments—Specialty Hospitals, Outpatient Rehabilitation, and Medical Rehabilitation Equipment—each encompassing a wide array of products and services aimed at enhancing patient recovery, functional independence, and overall quality of life.
1. Specialty Hospitals:
This segment is paramount to Select Medicals operations, comprising facilities designed to accommodate patients facing complicated medical challenges requiring extended stays. Specialty Hospitals are equipped to address a range of acute care needs through specialized medical programs catered to both intensive and non-intensive patients.
a) Long-Term Acute Care Hospitals (LTACs):
LTACs are designed to treat patients with complex conditions necessitating prolonged medical care, typically around 25 days on average. These hospitals focus on delivering comprehensive treatments such as:
- Respiratory Care: Specialized services for patients experiencing respiratory failure, including mechanical ventilation support and weaning programs.
- Dialysis Services: Providing ongoing renal care for patients with kidney dysfunction.
- Wound Care Management: Advanced treatments for complex wounds requiring frequent monitoring and specialized interventions.
- Multidisciplinary Care Teams: Collaboration among physicians, nurses, respiratory therapists, and nutritionists to formulate patient-centered treatment plans.
b) Inpatient Rehabilitation Hospitals (IRFs):
IRFs cater specifically to patients requiring intensive rehabilitation post-acute illness or traumatic injury, with an average length of stay of about 12 days. They provide an integrated approach to recovery through:
- Physical Therapy: Tailored programs designed to regain strength, mobility, and function.
- Occupational Therapy: Focuses on restoring the ability to perform activities of daily living (ADLs), utilizing therapeutic strategies and adaptive techniques.
- Speech-Language Pathology: Assisting individuals in recovering communication abilities and swallowing functions through targeted interventions.
Outpatient Rehabilitation:
This segment emphasizes accessibility and convenient care delivery by offering physical, occupational, and speech therapy services in various settings, including dedicated clinics, skilled nursing facilities, and hospitals nationwide. The core offerings in this segment include:
a) Physical Therapy:
Aimed at enhancing patients physical abilities, the physical therapy services encompass:
- Manual Therapy Techniques: Hands-on manipulation and mobilization to improve movement.
- Exercise Programs: Individualized regimens to strengthen muscles and improve coordination.
- Pain Management Strategies: Techniques to alleviate pain and promote easier movement.
b) Occupational Therapy:
Occupational therapy focuses on helping patients regain their ability to perform daily tasks. Services include:
- Assessment of Daily Living Activities: Understanding the specific needs and challenges faced by patients.
- Adaptive Equipment Training: Teaching patients to use tools that facilitate function.
- Task Modification Strategies: Helping patients adapt their approach to daily tasks to enhance independence.
c) Speech Therapy:
Speech therapy addresses communicative and swallowing disorders through:
- Assessment and Intervention Plans: Tailoring therapy based on individual evaluations to optimize outcomes.
- Techniques for Speech Clarity and Comprehension: Exercises designed to improve articulation and cognitive communication functions.
- Feeding and Swallowing Management: Strategies to ensure safe swallowing and nutrition intake for affected patients.
Medical Rehabilitation Equipment:
This segment is dedicated to supporting patients who require specialized medical equipment to facilitate their rehabilitation process and improve their quality of life. Key services and products offered include:
a) Custom Wheelchairs:
The division focuses on providing adaptive wheelchairs tailored to individual patient needs, emphasizing comfort, adjustability, and portability to enhance mobility for those with physical limitations.
b) Adaptive Seating:
Offering a variety of seating solutions that address a range of structural disabilities and orthopedic conditions, adaptive seating helps patients maintain proper posture while minimizing discomfort.
c) Home Respiratory Care:
The division provides comprehensive home care solutions for patients experiencing respiratory challenges, including:
- Oxygen Therapy: Delivery of oxygen to improve respiratory function.
- Home Ventilators: Advanced equipment for patients needing assisted ventilation.
- Cough Assistance Devices: Technologies designed to help clear airways and provide respiratory support.
d) Neuromuscular Stimulation:
Focused on stimulating weakened or paralyzed muscles, the division offers cutting-edge electrical stimulation devices aimed at improving muscle tone and functional independence.
Conclusion:
Overall, Select Medical Holdings Corp stands out as a leading provider of specialized healthcare services, equipped with a diverse suite of products and services within its three principal segments. Each segment plays a critical role in delivering comprehensive rehabilitation services and acute care solutions, thereby enhancing the lives of patients with complex medical needs. Through innovative approaches and a commitment to patient-centric care, Select Medical aims to restore individuals to their highest possible level of independence and functionality.
1. Specialty Hospitals:
This segment is paramount to Select Medicals operations, comprising facilities designed to accommodate patients facing complicated medical challenges requiring extended stays. Specialty Hospitals are equipped to address a range of acute care needs through specialized medical programs catered to both intensive and non-intensive patients.
a) Long-Term Acute Care Hospitals (LTACs):
LTACs are designed to treat patients with complex conditions necessitating prolonged medical care, typically around 25 days on average. These hospitals focus on delivering comprehensive treatments such as:
- Respiratory Care: Specialized services for patients experiencing respiratory failure, including mechanical ventilation support and weaning programs.
- Dialysis Services: Providing ongoing renal care for patients with kidney dysfunction.
- Wound Care Management: Advanced treatments for complex wounds requiring frequent monitoring and specialized interventions.
- Multidisciplinary Care Teams: Collaboration among physicians, nurses, respiratory therapists, and nutritionists to formulate patient-centered treatment plans.
b) Inpatient Rehabilitation Hospitals (IRFs):
IRFs cater specifically to patients requiring intensive rehabilitation post-acute illness or traumatic injury, with an average length of stay of about 12 days. They provide an integrated approach to recovery through:
- Physical Therapy: Tailored programs designed to regain strength, mobility, and function.
- Occupational Therapy: Focuses on restoring the ability to perform activities of daily living (ADLs), utilizing therapeutic strategies and adaptive techniques.
- Speech-Language Pathology: Assisting individuals in recovering communication abilities and swallowing functions through targeted interventions.
Outpatient Rehabilitation:
This segment emphasizes accessibility and convenient care delivery by offering physical, occupational, and speech therapy services in various settings, including dedicated clinics, skilled nursing facilities, and hospitals nationwide. The core offerings in this segment include:
a) Physical Therapy:
Aimed at enhancing patients physical abilities, the physical therapy services encompass:
- Manual Therapy Techniques: Hands-on manipulation and mobilization to improve movement.
- Exercise Programs: Individualized regimens to strengthen muscles and improve coordination.
- Pain Management Strategies: Techniques to alleviate pain and promote easier movement.
b) Occupational Therapy:
Occupational therapy focuses on helping patients regain their ability to perform daily tasks. Services include:
- Assessment of Daily Living Activities: Understanding the specific needs and challenges faced by patients.
- Adaptive Equipment Training: Teaching patients to use tools that facilitate function.
- Task Modification Strategies: Helping patients adapt their approach to daily tasks to enhance independence.
c) Speech Therapy:
Speech therapy addresses communicative and swallowing disorders through:
- Assessment and Intervention Plans: Tailoring therapy based on individual evaluations to optimize outcomes.
- Techniques for Speech Clarity and Comprehension: Exercises designed to improve articulation and cognitive communication functions.
- Feeding and Swallowing Management: Strategies to ensure safe swallowing and nutrition intake for affected patients.
Medical Rehabilitation Equipment:
This segment is dedicated to supporting patients who require specialized medical equipment to facilitate their rehabilitation process and improve their quality of life. Key services and products offered include:
a) Custom Wheelchairs:
The division focuses on providing adaptive wheelchairs tailored to individual patient needs, emphasizing comfort, adjustability, and portability to enhance mobility for those with physical limitations.
b) Adaptive Seating:
Offering a variety of seating solutions that address a range of structural disabilities and orthopedic conditions, adaptive seating helps patients maintain proper posture while minimizing discomfort.
c) Home Respiratory Care:
The division provides comprehensive home care solutions for patients experiencing respiratory challenges, including:
- Oxygen Therapy: Delivery of oxygen to improve respiratory function.
- Home Ventilators: Advanced equipment for patients needing assisted ventilation.
- Cough Assistance Devices: Technologies designed to help clear airways and provide respiratory support.
d) Neuromuscular Stimulation:
Focused on stimulating weakened or paralyzed muscles, the division offers cutting-edge electrical stimulation devices aimed at improving muscle tone and functional independence.
Conclusion:
Overall, Select Medical Holdings Corp stands out as a leading provider of specialized healthcare services, equipped with a diverse suite of products and services within its three principal segments. Each segment plays a critical role in delivering comprehensive rehabilitation services and acute care solutions, thereby enhancing the lives of patients with complex medical needs. Through innovative approaches and a commitment to patient-centric care, Select Medical aims to restore individuals to their highest possible level of independence and functionality.