The delisting is a routine procedural filing completing an already-executed take-private. No further trading opportunity exists in SEM common stock. Holders who did not tender should contact their broker regarding receipt of the $16.50 merger consideration. Monitor for any subsequent filings related to deregistration or appraisal rights.
Price Chart
Executive Summary
Select Medical Holdings Corp (SEM) filed Form 25-NSE with the NYSE to remove its common stock from listing and registration, effective July 13, 2026, following completion of the take-private merger with an affiliate of Welsh, Carson, Anderson & Stowe on July 1, 2026. Each SEM share was converted into $16.50 cash, the stock was suspended from trading on July 1, 2026, and the company will deregister its securities. This is the final procedural step of the going-private transaction announced in the prior 8-K.
Key Facts
- NYSE filed Form 25-NSE to delist SEM common stock effective July 13, 2026
- Merger with Stallion MergerSub Corp closed and became effective July 1, 2026
- Each share converted into $16.50 cash, trading suspended July 1, 2026
- Select Medical becomes wholly-owned indirect subsidiary of WCAS XIV, L.P.
- This is the final administrative step of the take-private transaction
Financial Impact
Shareholders received $16.50 per share cash; ~18% premium to unaffected price per prior filing context; entire $2.0B market cap extinguished at deal close
Risk Factors
- No further public market for SEM shares
- Potential appraisal/valuation disputes for dissenting shareholders
- Completion of deregistration removes all SEC reporting obligations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000585 |
| Document: 0000876661-26-000585-index.html | 0000876661-26-000585 |
| Document: 0000876661-26-000585.txt | 0000876661-26-000585 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 13, 2026 11w ago | 15-12G | โ | awaiting T+1 | โ | โ |
Jul 1, 2026 13w ago | 25-NSE | $16.52 awaiting T+1 | awaiting T+1 | โ | โ |
Jul 1, 2026 13w ago | 8-K | $16.52 awaiting T+1 | awaiting T+1 | โ | โ |
Jun 26, 2026 13w ago | 8-K | $16.53 $16.51 | โผ โ0.12% | โผ โ0.90% | โ |
Apr 30, 2026 22w ago | 8-K | $16.38 $16.38 | ยท 0.00% | โผ โ0.34% | โ |
Apr 15, 2026 24w ago | PREM14A | $16.38 $16.39 | โฒ +0.06% | โผ โ0.19% | โ |
Mar 4, 2026 30w ago | DEFA14A | $16.25 $16.25 | ยท 0.00% | โฒ +0.57% | โ |
Mar 3, 2026 30w ago | DEFA14A | $16.26 $16.25 | โผ โ0.06% | โผ โ0.82% | โ |
US Market Status
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