Select Medical Holdings Corporation completed a merger with Stallion Intermediate Corporation, making it a wholly-owned subsidiary of Parent. Common stock was converted to receive $16.50 per share in cash. The company also established a new $1 billion incremental term loan under its existing credit agreement. Select Medical Holdings Corporation operates in the healthcare industry, providing medical services and facilities.

Select Medical Holdings Corporation held a special meeting on June 26, 2026, where stockholders' approval of the Merger Proposal to be merged with Stallion Intermediate Corporation and Stallion MergerSub Corporation. The Merger Proposal received 99,005,011 votes in favor and 1,789,017 votes against, meeting both Majority Approval and Unaffiliated Stockholder Approval requirements. The transaction is expected to close on or about June 30, 2026. Select Medical Holdings Corporation operates in the healthcare industry and provides acute and outpatient medical services.