Co-founded by Rocco A. Ortenzio and Robert A. Ortenzio in 1996, Select Medical began as a regional provider of outpatient physical rehabilitation. Contract therapy was added to the company's specialized health care offerings in 1997, and was quickly followed by the introduction of long-term acute care in 1998. In 1999, Select Medical made one of its largest acquisitions by purchasing NovaCare Physical Rehabilitation and Occupational Health.
In three years, Select Medical had gone from a small start-up into a diversified health care company with a national presence. This strategically progressive yet responsible growth was one attribute that led to the company's recognition as one of the “Best Managed Companies in America” by Forbes.
In April 2001, the company completed an initial public offering and was listed on NASDAQ. Fourteen months later, Select Medical was listed on the New York Stock Exchange, where it is currently traded under the NYSE ticker symbol SEM. In 2004, the company experienced clinical and operational growth when it acquired the world-renowned Kessler Institute for Rehabilitation, thus formally adding inpatient medical rehabilitation to its patient care offerings. This care line continues to grow through joint ventures and partnerships with some of the most well-respected names in medicine.
More than 20 years later, the Select Medical of today encompasses four areas of expertise: critical illness recovery, inpatient medical rehabilitation, outpatient physical therapy and occupational medicine, all of which are delivered and supported by more than 46,000 talented health care professionals across the U.S.
Despite its record growth, Select Medical remains true to its founding principles of clinical quality and operational excellence, which have been a top priority since day one. Regardless of the hospital, center or clinic size or scope, Select Medical is devoted to helping others and achieving outcomes that improve quality of life.