---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-114906"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:21:32.309178+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-114906
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320414/000110465924114906/0001104659-24-114906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465924114906/tm2427671d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-114906
- JSON: https://secwatch.observer/filing/0001104659-24-114906.json
- Plain text: https://secwatch.observer/filing/0001104659-24-114906.txt

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