4714 Gettysburg Road Mechanicsburg, PA 17055 NYSE Symbol: SEM Select Medical Holdings Corporation Acknowledges Executive Chairman's Take-Private Proposal MECHANICSBURG, PENNSYLVANIA

Select Medical Holdings Corporation Acknowledges

Executive Chairman's Take-Private Proposal

MECHANICSBURG, PENNSYLVANIA

- November 24, 2025 - Select Medical Holdings Corporation ("Select Medical," "we," "us,"

or "our") (NYSE: SEM) has received a non-binding indication of interest from Robert A. Ortenzio, Executive Chairman, Co-Founder

and Director of Select Medical, to acquire all of the outstanding shares of Select Medical for cash consideration of $16.00 to $16.20

per share of our common stock (the "Proposal"). Mr. Ortenzio publicly announced the Proposal on November 24, 2025

in a Schedule 13D filing with the U.S. Securities and Exchange Commission.

members of the Board of Directors of Select Medical are carefully reviewing and evaluating the Proposal in consultation with their advisors

and are committed to acting in the best interests of Select Medical and its stockholders.

assurance that the foregoing will result in any particular outcome, and Select Medical does not intend to comment further on these matters

until Select Medical determines that additional disclosure is appropriate or required by law.

About Select Medical

Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation

clinics in the United States based on number of facilities. As of September 30, 2025, Select Medical operated 105 critical illness

recovery hospitals in 29 states, 36 rehabilitation hospitals in 14 states, and 1,922 outpatient rehabilitation clinics in 39 states and

the District of Columbia. At September 30, 2025, Select Medical had operations in 40 states and the District of Columbia. Information

about Select Medical is available at www.selectmedical.com.

Cautionary Statement Regarding Forward-Looking

This release contains forward-looking

statements. Forward-looking statements use words such as "expect," "anticipate," "outlook," "intend,"

"plan," "confident," "believe," "will," "should," "would," "potential,"

"positioning," "proposed," "planned," "objective," "likely," "could,"

"may," and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances.

Statements that describe or relate to Holdings' plans, goals, intentions, strategies, financial outlook, are examples of forward-looking

statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate,

and involve a number of known and unknown risks and uncertainties, many of which are out of Select Medical's control. Forward-looking

statements are not guarantees of future performance and you should not place undue reliance on Select Medical's forward-looking

statements. Forward-looking statements involve a number of important factors that could cause actual outcomes and results to differ materially

from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found

in Select Medical's filings with the U.S. Securities and Exchange Commission, including Select Medical's most recent annual

report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement

speaks only as of the date on which it is made. Select Medical does not undertake any obligation to publicly update or revise any forward-looking

statements, whether as a result of new information, future events or otherwise.