---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-084488"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:41:53.855640+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Select Medical completes Concentra IPO of 22.5M shares at $23.50, retains ~82% stake

## Summary
- IPO of 22.5M shares of Concentra common stock at $23.50/share; net proceeds $499.7M.
- IPO proceeds paid to SMC to repay intercompany debt; SMC retains ~82.23% of Concentra.
- Select credit agreement amended; revolving commitments reduced from $770M to $550M.
- Concentra entered into $1.25B credit facilities ($850M term loan, $400M revolver).
- Concentra assumed $650M of 6.875% senior notes due 2032.

## SEC filing metadata
- accession: 0001104659-24-084488
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320414/000110465924084488/0001104659-24-084488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465924084488/tm2420448d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-084488
- JSON: https://secwatch.observer/filing/0001104659-24-084488.json
- Plain text: https://secwatch.observer/filing/0001104659-24-084488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.