Select Medical To Spin-Off Concentra On November 25th
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Select Medical Holdings announced a special stock distribution of its unit Concentra Holdings to its shareholders, set for November 25, 2024.
November 12, 2024 | 9:45 pm
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POSITIVE IMPACT
Concentra Holdings will be spun off from Select Medical Holdings, with shares distributed to Select Medical's shareholders on November 25, 2024.
As a newly independent entity, Concentra Holdings may attract investor interest, potentially leading to a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Select Medical Holdings is spinning off its unit Concentra Holdings, distributing shares to its shareholders on November 25, 2024.
The spin-off of Concentra Holdings is a significant corporate action for Select Medical Holdings, likely to impact its stock positively as it may unlock value for shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90