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SELECT MEDICAL HOLDINGS CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement

May 8, 2014



Item 1.01 Entry into a Material Definitive Agreement.

On May 5, 2014, Select Medical Holdings Corporation ("Holdings") entered into a Stock Purchase Agreement (the "Agreement") with Welsh, Carson, Anderson & Stowe IX, L.P. and WCAS Capital Partners IV, L.P. (together, "Welsh Carson") providing for Holdings to repurchase 1,285,714 shares of its common stock at a price of $14.00 per share for an aggregate purchase price of $17,999,996. The closing of the transactions under the Agreement is scheduled to occur two business days after the date on which Welsh Carson has been advised by Holdings' transfer agent that the relevant share certificates have been received by the transfer agent. Following the consummation of the transactions contemplated by the Agreement, Welsh Carson and their affiliate, WCAS Management Corporation (together, the "Welsh Carson Affiliates") will continue to own a significant number of shares of Holdings' common stock. Two of Holdings' directors, Russell L. Carson and Thomas A. Scully, are general partners of the Welsh Carson Affiliates.

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Source: Edgar Glimpses


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