Specialty Hospitals

CMS Caps Facility-Level Outlier Payments for Inpatient Psychiatric Facilities

As part of the Centers for Medicare and Medicaid’s final rule for inpatient psychiatric facilities, Medicare will cap outlier payments, which are extra payments for exceptionally costly cases, beginning in fiscal year 2028. Under the new rule, facilities with 50 or more stays per year will have their outlier payments capped at 20% of that […]

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Select Medical Holdings Corporation Acquired by Consortium Led by Robert A. Ortenzio, Martin F. Jackson, and WCAS

Select Medical Holdings Corporation (the “Company” or “Select Medical,” “we,” “us,” or “our”) (NYSE: SEM) has announced the completion of its acquisition by an entity affiliated with a consortium led by Robert A. Ortenzio, Executive Chairman, Co-Founder and Director of Select Medical, Martin F. Jackson, Senior Executive Vice President of Strategic Finance and Operations of

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Select Medical Clears Antitrust Hurdle for WCAS Buyout Deal

Select Medical Holdings Corporation (NYSE:SEM) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired for its proposed acquisition by an investment fund affiliated with Welsh, Carson, Anderson & Stowe. The waiting period ended at 11:59 p.m. Eastern Time on April 27, 2026, according to a press release statement. A wholly owned subsidiary

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