Company Coverage

Select Rehabilitation

Medicare

Reimbursement Slashes Cut Deeper for Rural, Small Therapy Providers

By Amy Stulick |

Reimbursement for Medicare Part B therapy services continues to dry up despite government cash infusions, a concerning trend for rehabilitation providers, operators and the associations that represent them. The Centers for Medicare & Medicaid Services (CMS) has suggested about 2% in cuts to Part B physical and occupational therapy rates as part of its 2022 […]

Finance

Select Rehab Closes on RehabCare Acquisition from Kindred, Projects $1B in Revenue

By Maggie Flynn |

Select Rehabilitation closed on its acquisition of Kindred Healthcare’s RehabCare business line, the Glenview, Ill.-based therapy company announced on Tuesday. Terms of the deal were not disclosed; the acquisition was originally announced on October 5. Select’s pro-forma revenues exceed $1 billion, according to the therapy provider, which employs 17,000 therapists in 43 states. Kindred used […]

Finance

Select Rehab to Acquire Kindred’s RehabCare, Expand Post-Acute Footprint

By Alex Spanko |

Kindred Healthcare on Monday announced the pending sale of its RehabCare business line to Select Rehabilitation, further putting distance between former skilled nursing heavyweight Kindred and the sector. The terms of the deal were not disclosed, but the Glenview, Ill.-based Select will emerge as an even larger player in the contract rehabilitation space, expanding its […]