{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-022577","form_type":"8-K","ticker":"SEM","cik":"0001320414","company_name":"SELECT MEDICAL HOLDINGS CORP","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.784537+00:00","generated_at":"2026-05-15T22:02:13.013072+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Select Medical to be acquired by consortium led by Ortenzio, Jackson, WCAS for $16.50/share","bullets":["Enterprise value of $3.9B; Merger Consideration of $16.50 per share in cash.","Premium of ~18% over unaffected price (Nov 24, 2025) and ~25% over 90-day VWAP.","Ortenzio, Jackson and certain affiliates rolling over ~11.8% equity stakes; will vote in favor.","Closing expected mid-2026, subject to stockholder approval, HSR, and regulatory clearances.","Company termination fee $66.5M; Parent termination fee $133.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-022577","json":"https://secwatch.observer/filing/0001104659-26-022577.json","markdown":"https://secwatch.observer/filing/0001104659-26-022577.md","text":"https://secwatch.observer/filing/0001104659-26-022577.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1320414/000110465926022577/0001104659-26-022577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1320414/000110465926022577/tm267827d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:02:13.013072+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"}