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SOURCE Select Medical Holdings Corporation
MECHANICSBURG, Pa., Dec. 23, 2013 /PRNewswire/ -- Select Medical Holdings Corporation (the "Company") (NYSE: SEM) today announced that its Board of Directors has appointed David S. Chernow to serve as its President and Chief Executive Officer effective on January 1, 2014. Mr. Chernow has served as the Company's President since September 2010. He previously served on the Company's Board of Directors from August 2005 to September 2010. Mr. Chernow will continue to report directly to Mr. Robert A. Ortenzio.
The Company's Board of Directors has appointed Robert A. Ortenzio to serve as the Company's Executive Chairman and Co-Founder effective on January 1, 2014. Mr. Ortenzio has served as the Company's Chief Executive Officer since February 2005. He will continue to serve as a member of the Company's Board of Directors. In his role as Executive Chairman and Co-Founder, Mr. Ortenzio will continue to focus on overall Company strategy, mergers and acquisitions and government and investor relations.
The Company's Board of Directors has appointed Rocco A. Ortenzio to serve as the Company's Vice Chairman and Co-Founder effective on January 1, 2014. Mr. Ortenzio has served as the Company's Executive Chairman since February 2005. He will continue to serve as a member of the Company's Board of Directors.
"The Board's appointment of David as Chief Executive Officer recognizes his value to the Company and my confidence in the executive team we have in place to run the operations of a large company," said Mr. Robert A. Ortenzio.
Mr. Chernow stated, "As President, I have been working extensively with the Company's senior leaders to understand the Company's many opportunities and challenges. I have confidence in the Company's strong leadership team, and look forward to continuing our efforts and working with our employees and partners to further strengthen our services and our position in the nation's post acute care continuum."
Select Medical is a leading operator of specialty hospitals and outpatient rehabilitation clinics in the United States. As of September 30, 2013, Select Medical operated 108 long term acute care hospitals and 15 acute medical rehabilitation hospitals in 28 states and 997 outpatient rehabilitation clinics in 32 states and the District of Columbia. Select Medical also provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites. Information about Select Medical is available at www.selectmedical.com.
Certain statements contained herein that are not descriptions of historical facts are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements due to factors including the following:
Joel T. Veit
Senior Vice President & Treasurer
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