Select Medical Holdings Acquired by WCAS | Healthcare M&A Deal

WCAS has agreed to acquire Select Medical Holdings, a healthcare services other business in Pennsylvania, for $16.50 per share. Select Medical Holdings operates healthcare services including inpatient rehabilitation and related clinical programs, serving patients across Pennsylvania and other markets. WCAS acquisitions in healthcare M&A target established providers to expand a going private acquisition platform focused on operational performance and long-term cash flow. The going private acquisition is structured as a merger with Parent and Merger Sub wholly owned by WCAS XIV, L.P., an investment fund affiliated with Welsh, Carson, Anderson & Stowe, and is expected to close after stockholder approval at a special meeting scheduled for June 26, 2026.