Full Press Release Details
Select Medical Holdings Corporation Announces
Executive Management Appointments
MECHANICSBURG, PENNSYLVANIA
- September 7, 2023 - Select Medical Holdings Corporation ("Select Medical," "we," "us,"
or "our") (NYSE: SEM) today announced 12 executive management appointments, effective October 1, 2023. John Saich and
Thomas Mullin have been promoted to co-presidents of the organization, and Michael Malatesta has been named executive vice president and
chief financial officer.
A 26-year veteran of Select
Medical, Saich most recently served as executive vice president and chief administrative officer overseeing its Outpatient Rehabilitation
Division and Shared Services operations. During his tenure, Saich has guided the company through successful growth and transition serving
in a variety of senior operational and human resources leadership roles.
Since joining Select Medical
in 2008, Mullin has held operational leadership positions of increasing responsibility within the Critical Illness Recovery Hospital Division,
including president. In 2018, his role expanded to the Inpatient Rehabilitation Hospital Division, serving as chief operating officer.
That post was followed by his appointment to executive vice president of hospital operations, including oversight of both divisions.
Saich and Mullin will closely
partner to further create best practices and enhance integration across the company's network of more than 135 specialty hospitals
and 1,900 outpatient physical therapy centers to continuously improve patient access to Select Medical's care at all levels of post-acute
illness, recovery and rehabilitation.
A 24-year veteran of the
company, Malatesta has served as senior vice president of finance since 2013 after holding a variety of senior finance and accounting
positions within the Outpatient Rehabilitation Division. In his new role as executive vice president and chief financial officer, he will
be responsible for the financial planning and analysis across the entire Select Medical enterprise. Malatesta will report to Martin Jackson
who has been elevated to senior executive vice president of strategic finance and operations.
continues to execute its growth strategy and mission of providing exceptional care to the 99,000 patients we serve daily across our post-acute
continuum, it is critical that we continue to drive high-performance momentum and create continuous trajectory for long-term success,"
said Select Medical Co-Founder and Executive Chairman Robert A. Ortenzio. "These executive and C-Suite appointments represent
a team that is highly adept to navigate our future."
In addition to the four appointments
announced above, each of the executives identified below has been promoted to a new position:
Tarvin to senior executive vice president, general counsel and secretary
Duggan to executive vice president and deputy general counsel
Hollenbach to executive vice president of strategy and growth
Lacey to senior vice president and chief human resources officer
Eckenroth to senior vice president and chief communications, marketing and branding officer
Dishner to senior vice president of functional operations for specialty hospitals
Sherick to senior vice president of accounting for shared services
Breighner to senior vice president of compliance and audit
the company's success has always rested on our people," said Select Medical Chief Executive Officer David S. Chernow. "Under
this executive management team, we are confident Select Medical is poised to continue building a strong future for our employees, patients,
partners and the communities we serve for the many years ahead."
About Select Medical
Select Medical is one of
the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational
health centers in the United States based on number of facilities. As of June 30, 2023, Select Medical operated 108 critical illness
recovery hospitals in 28 states, 32 rehabilitation hospitals in 12 states, 1,944 outpatient rehabilitation clinics in 39 states and the
District of Columbia, and 540 occupational health centers in 41 states. At June 30, 2023, Select Medical had operations in 46 states
and the District of Columbia. Information about Select Medical is available at www.selectmedical.com.
This press release may contain
forward-looking statements based on current management expectations. Numerous factors, including those related to market conditions and
those detailed from time-to-time in Select's filings with the Securities and Exchange Commission, may cause results to differ materially
from those anticipated in the forward-looking statements. Many of the factors that will determine Select's future results are beyond
the ability of Select to control or predict. These statements are subject to risks and uncertainties and, therefore, actual results may
differ materially. Readers should not place undue reliance on forward-looking statements, which reflect management's views only
as of the date hereof. Select undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events or otherwise.
Senior Vice President and Treasurer
Senior Vice President and Chief Communications, Marketing and
SOURCE: Select Medical Holdings Corporation