secwatch.observer — SEC 8-K summary
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Issuer:     SELECT MEDICAL HOLDINGS CORP (SEM)
CIK:        0001320414
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001104659-24-114906
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320414/000110465924114906/0001104659-24-114906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320414/000110465924114906/tm2427671d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114906

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