---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-043544"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-22T23:54:31.273905+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Select Medical Q1 revenue up 2.4%, EPS rises 33% but core segment weakens; guidance lowered

## Summary
- Revenue $1,353.2M (+2.4% YoY); net income from cont. ops $74.7M (+21.5%); EPS $0.44 (+33.3%).
- Critical illness recovery hospital revenue declined 2.9% to $637.0M, segment Adjusted EBITDA down 25.3% to $86.6M.
- Rehabilitation hospital revenue up 15.7% to $307.4M, segment Adjusted EBITDA up 14.7% to $70.4M.
- Declared quarterly dividend $0.0625/share, payable May 29 to holders of record May 15.
- FY2025 guidance lowered: revenue $5.3B-$5.5B (prev. $5.4B-$5.6B), Adj. EBITDA $510M-$530M (prev. $530M-$550M).

## SEC filing metadata
- accession: 0001104659-25-043544
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320414/000110465925043544/0001104659-25-043544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465925043544/tm2513755d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-043544
- JSON: https://secwatch.observer/filing/0001104659-25-043544.json
- Plain text: https://secwatch.observer/filing/0001104659-25-043544.txt

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