Select Medical Holdings Corporation announced on November 19, 2024, the distribution ratio for its special stock distribution of Concentra Group Holdings Parent, Inc. Select Medical stockholders will receive 0.806971 shares of Concentra's common stock for every share of Select Medical common stock held.
The record date for this distribution was November 18, 2024, and the distribution date is set for November 25, 2024. No fractional shares of Concentra's common stock will be distributed; instead, Select Medical's stockholders will receive cash in lieu of any fractional shares.
This distribution is generally intended to qualify as tax-free to Select Medical's stockholders for U.S. federal income tax purposes. The announcement provides clarity on the final terms of Concentra's separation from Select Medical.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.