Select Medical Distributes Concentra Shares to Shareholders

Zacks11-26

Hospital operator Select Medical Holdings Corporation SEM recently completed the spin-off of Concentra Group Holdings Parent, Inc. CON by distributing its 81.7% ownership stake in the company to its ...

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CON by distributing its 81.7% ownership stake in the company to its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/select-medical-distributes-concentra-shares-131000984.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Select Medical Distributes Concentra Shares to Shareholders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSelect Medical Distributes Concentra Shares to Shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-26 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/select-medical-distributes-concentra-shares-131000984.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hospital operator Select Medical Holdings Corporation SEM recently completed the spin-off of Concentra Group Holdings Parent, Inc. CON by distributing its 81.7% ownership stake in the company to its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/select-medical-distributes-concentra-shares-131000984.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EHC","symbol_name":"Encompass Health Corporation","start_time":0,"source_url":"https://finance.yahoo.com/news/select-medical-distributes-concentra-shares-131000984.html","article_id":"2486004286","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/2ZuhDuDie_37lq4aVERX2Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4718122d03716403704541c667907c4e"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486004286","pubTimestamp":1732626600,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hospital operator Select Medical Holdings Corporation SEM recently completed the spin-off of Concentra Group Holdings Parent, Inc. CON by distributing its 81.7% ownership stake in the company to its shareholders. Per the previously announced distribution plan, Select Medical distributed 104,093,503 shares of Concentra’s common stock.This was done through a pro-rata stock distribution, where shareholders of SEM received 0.806971 shares of Concentra common stock for each share of SEM they held as of the record date, Nov. 18, 2024. Following the spin-off, SEM no longer owns any shares in Concentra, effectively separating the two companies.Shareholders were also compensated in cash for any fractional shares of Concentra. This strategic move streamlines SEM’s operations and enables the company to focus on its core business areas, such as critical illness recovery hospitals, rehabilitation hospitals and outpatient rehabilitation clinics. It generated revenues of $583 million in the third qua","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EHC":"Encompass Health Corporation","CDNA":"CareDx","CON":"Concentra Group Holdings Parent Inc","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","SEM":"Select Medical Holdings","GRFFF":"GRUPO FINANCIERO BANAMEX SA DE CV","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4160":"多样化房地产投资信托v","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","BK4185":"保健护理机构","BK4139":"生物科技","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC"},"translate_title":"Select Medical向股东分配Concentra股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CDNA":1,"CON":1,"EHC":1,"SEM":1,"GRFFF":0.9},"content_text":"Hospital operator Select Medical Holdings Corporation SEM recently completed the spin-off of Concentra Group Holdings Parent, Inc. CON by distributing its 81.7% ownership stake in the company to its shareholders. Per the previously announced distribution plan, Select Medical distributed 104,093,503 shares of Concentra’s common stock.\nThis was done through a pro-rata stock distribution, where shareholders of SEM received 0.806971 shares of Concentra common stock for each share of SEM they held as of the record date, Nov. 18, 2024. Following the spin-off, SEM no longer owns any shares in Concentra, effectively separating the two companies.\nShareholders were also compensated in cash for any fractional shares of Concentra. This strategic move streamlines SEM’s operations and enables the company to focus on its core business areas, such as critical illness recovery hospitals, rehabilitation hospitals and outpatient rehabilitation clinics. It generated revenues of $583 million in the third quarter from critical illness recovery hospitals, $282.7 million from rehabilitation hospitals and $312 million from outpatient rehabilitation.\nBy separating from Concentra, which specializes in occupational health services, SEM can better allocate resources to its primary segments. For SEM’s shareholders, the spin-off offers an opportunity to hold shares in two different companies, potentially unlocking value in both.\nThe company completed the IPO of Concentra in July 2024 and it started trading on NYSE from July 25. Concentra has a massive network of 549 occupational health centers across 45 states and serves more than 50,000 patients per day on average.\nPrice Performance of SEM\nSelect Medical’s shares have gained 64.7% in the year-to-date period compared with the 6.7% growth of the industry it belongs to.\nImage Source: Zacks Investment Research\nSEM’s Zacks Rank & Other Key Picks\nSelect Medical currently has a Zacks Rank #2 (Buy). Some other top-ranked and promising stocks in the broader Medical sector are CareDx, Inc CDNA and Encompass Health Corporation EHC, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for CareDx’s current-year earnings indicates a 162.5% year-over-year improvement. CDNA beat earnings estimates in each of the trailing four quarters, with an average surprise of 135.2%. The consensus mark for revenues implies 17.5% growth from the year-ago period.\nThe Zacks Consensus Estimate for Encompass Health’s 2024 earnings implies a 17.6% increase from the year-ago reported figure. EHC beat earnings estimates in each of the trailing four quarters, with an average surprise of 13.6%. The consensus mark for its current-year revenues is pegged at $5.34 billion, which indicates an 11.2% year-over-year increase.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSelect Medical Holdings Corporation (SEM) : Free Stock Analysis Report\nCareDx, Inc. (CDNA) : Free Stock Analysis Report\nEncompass Health Corporation (EHC) : Free Stock Analysis Report\nConcentra Group Holdings Parent, Inc. (CON) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486004286"}