Select Medical Reports Revenue Growth in Q3 2024

Select Medical ( (SEM) ) has released its Q3 earnings. Here is a breakdown of the information Select Medical presented to its investors.

Select Medical Holdings Corporation is a healthcare company specializing in critical illness recovery, rehabilitation hospitals, and outpatient rehabilitation services, and is a notable player in the healthcare sector with a diverse range of services and facilities. In its latest earnings report for the third quarter of 2024, Select Medical reported a revenue increase to $1.76 billion, reflecting a positive trajectory in its financial performance. Key financial highlights include a rise in net income attributable to the company, reaching $55.6 million, and earnings per share of $0.43. The company also achieved an increase in cash and cash equivalents, amounting to $191.5 million by the end of September 2024. Looking forward, Select Medical’s management remains optimistic about continued growth and is focused on strategic expansions and maintaining robust financial health.