06:03 AM EST, 11/25/2025 (MT Newswires) -- Select Medical Holdings ( SEM ) said late Monday that it has received a non-binding indication of interest from Executive Chairman and co-Founder Robert Ortenzio to acquire all the outstanding shares of the company for between $16 and $16.20 per common share in cash.

The board of directors is consulting with advisors to review and evaluate the proposal, the company said.

The company's shares were up more than 4% in recent Tuesday premarket activity.