Select Medical to spin off Concentra.

Select Medical, an operator of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers, agreed to spin off Concentra, a provider of occupational health services. Finanical terms were not disclosed. "The board and management team regularly evaluate strategic alternatives to maximize stockholder value, while supporting our overall mission – providing an exceptional patient care experience that promotes healing and recovery in a compassionate environment. We are pursuing the potential separation of Concentra with the objective of enhancing success of each business by creating two companies that will be leaders in their respective markets," Robert A. Ortenzio, Select Medical Executive Chairman and Co-Founder.