R E L E A S E
FOR IMMEDIATE RELEASE 4714 Gettysburg Road Mechanicsburg, PA 17055 NYSE Symbol: SEM Select Medical Holdings Corporation Announces Business Outlook for 2012
MECHANICSBURG, PENNSYLVANIA - - January 6, 2012 - - Select
Medical Holdings
Corporation ("Select Medical") (NYSE: SEM), today announced
its business outlook for calendar year
2012.
Select Medical expects consolidated revenue for full year
2012 to be in the range of $2.85 billion to
$2.95 billion. Select Medical expects net income before
interest, income taxes, depreciation and amortization, stock
compensation expense, other income/(expense), and equity in
income/(losses), or Adjusted EBITDA, for full year 2012 to be
in the range of $390 million to $410 million. Select Medical
expects income per common share for full year 2012 to be in
the range of $0.86 to $0.94.
Select Medical is a leading operator of specialty hospitals
and outpatient rehabilitation clinics in the United States.
As of September 30, 2011, Select Medical operated 110 long
term acute care hospitals and nine acute medical
rehabilitation hospitals in 28 states, and 952 outpatient
rehabilitation clinics in 34 states and the District of
Columbia. Select Medical also provides medical rehabilitation
services on a contract basis at nursing homes, hospitals,
assisted living and senior care centers, schools and
worksites. Information about Select Medical is available at
http://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:
and Affordable Care Act may result in a reduction in net operating revenues, an increase in costs and a reduction in profitability;
• the failure of our specialty hospitals to maintain their Medicare certifications as such may cause our net operating revenues and profitability to decline; • the failure of our facilities operated as "hospitals within hospitals" or HIHs, to qualify as hospitals separate from their host hospitals may cause our net operating revenues and profitability to decline; • a government investigation or assertion that we have violated applicable regulations may result insanctions or reputational harm and increased costs;
• acquisitions or joint ventures may prove difficult or unsuccessful, use significant resources or expose us to unforeseen liabilities; • private third-party payors for our services may undertake future cost containment initiatives that limit our future net operating revenues and profitability; • the failure to maintain established relationships with the physicians in the areas we serve could reduce our net operating revenues and profitability; • shortages in qualified nurses or therapists could increase our operating costs significantly; • competition may limit our ability to grow and result in a decrease in our net operating revenues and profitability; • the loss of key members of our management team could significantly disrupt our operations; • the effect of claims asserted against us could subject us to substantial uninsured liabilities and in the future we may not be able to obtain insurance at a reasonable price; • other factors discussed from time to time in our filings with the Securities and Exchange Commission, including factors under the heading "Risk Factors" in our annual report on Form 10-K.
Investor inquiries: Joel T. Veit
Vice President and Treasurer
717-972-1100 ir@selectmedical.com
SOURCE: Select Medical Holdings Corporation
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