Select Medical: $3.9 Billion Take-Private Deal By Healthcare Operator’s Founders And WCAS
By Amit Chowdhry ● Mar 3, 2026
Select Medical Holdings Corporation, one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States, has entered into a definitive agreement to be acquired by a consortium led by Executive Chairman and Co-Founder Robert A. Ortenzio, Senior Executive Vice President of Strategic Finance and Operations Martin F. Jackson, and private equity firm Welsh, Carson, Anderson & Stowe.