Select Medical Holdings Prices Low On $300M IPO

Law360, New York (September 25, 2009, 11:40 AM EDT) -- Hospital operator and health services provider Select Medical Holdings Corp. has priced shares for an initial public offering of $300 million in common stock, planning to take in a lower aggregate price than the company first anticipated.

Select Medical expects to sell 30 million shares of common stock at $10 per share, the company said Friday. In a Sept. 21 filing with the U.S. Securities and Exchange Commission, Select Medical listed 38.3 million shares at a maximum per-share price of $13. Friday's announced prices — both...
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