02:33 PM EST, 03/03/2026 (MT Newswires) -- JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) are set to provide a revolving credit facility of around $1 billion for the management buyout of healthcare operator Select Medical ( SEM ) , Bloomberg reported Tuesday, citing sources with knowledge of the transaction.

Select Medical ( SEM ) said Monday it agreed to be acquired by an entity affiliated with a consortium led by Executive Chairman Robert Ortenzio for $3.9 billion in enterprise value.

The transaction's joint lead arrangers and bookrunners on the deal, JPMorgan ( JPM ) and Wells Fargo ( WFC ), plan to incorporate Select Medical's ( SEM ) current debt into the loan, the sources reportedly said.

JPMorgan ( JPM ), Wells Fargo ( WFC ), and Select Medical ( SEM ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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