Select Medical spins off 81.7% Concentra stake via special stock distribution

SELECT MEDICAL HOLDINGS CORP

Distribution of 104,093,503 Concentra shares (81.7% of CON) to SEM stockholders on Nov 25, 2024.
Record date Nov 18, 2024; stockholders receive ~0.806971 CON shares per SEM share.
No stockholder vote required; distribution intended to be tax-free for U.S. federal income tax purposes.
After distribution, Select Medical will own no shares of Concentra common stock.
J.P. Morgan and Goldman Sachs acting as financial advisors; Dechert LLP as legal advisor.

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