{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-015705","form_type":"8-K","ticker":"SEM","cik":"0001320414","company_name":"SELECT MEDICAL HOLDINGS CORP","filed_at":"2025-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.283911+00:00","generated_at":"2026-05-26T08:09:43.475012+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Select Medical Q4 revenue +7.8% to $1.31B, adjusted EPS +50%; issues 2025 outlook","bullets":["Q4 revenue $1.31B (+7.8% YoY); loss from continuing ops $10.5M vs profit $30.3M (impacted by $45.9M stock comp acceleration and $17.9M debt retirement loss).","Adjusted EPS from continuing ops $0.18 (+50% YoY); full-year adjusted EPS $0.94 (+74.1%).","Rehabilitation hospital segment Q4 margin declined to 21.2% from 25.5%; outpatient rehab full-year margin down to 8.7% from 9.4%.","Completed tax-free distribution of Concentra; no longer owns any shares.","2025 outlook: revenue $5.4-5.6B, Adj EBITDA $520-540M, diluted EPS $1.09-1.19."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-015705","json":"https://secwatch.observer/filing/0001104659-25-015705.json","markdown":"https://secwatch.observer/filing/0001104659-25-015705.md","text":"https://secwatch.observer/filing/0001104659-25-015705.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320414/000110465925015705/0001104659-25-015705-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320414/000110465925015705/tm257125d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T08:09:43.475012+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"}