{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-123173","form_type":"8-K","ticker":"SEM","cik":"0001320414","company_name":"SELECT MEDICAL HOLDINGS CORP","filed_at":"2024-11-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.078783+00:00","generated_at":"2026-05-29T17:34:55.695471+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Select Medical completes spin-off of Concentra, distributing 104M shares worth $2.3B","bullets":["104,093,503 shares of Concentra (81.7% stake) distributed to Select stockholders as of Nov 18 record date.","Stockholders received 0.806971 Concentra shares per Select share; cash in lieu of fractional shares.","Aggregate market value of distributed shares ~$2.3B based on $22.13 closing price on Nov 25, 2024.","Pro forma financials reflect separation; planned $550M 6.250% notes due 2032 and $1.05B term loan to repay debt.","After distribution, Select Medical holds no shares of Concentra common stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-123173","json":"https://secwatch.observer/filing/0001104659-24-123173.json","markdown":"https://secwatch.observer/filing/0001104659-24-123173.md","text":"https://secwatch.observer/filing/0001104659-24-123173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320414/000110465924123173/0001104659-24-123173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320414/000110465924123173/tm2429402d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T17:34:55.695471+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}