Select Medical Corp., Mechanicsburg, Pa., agreed to buy Kessler Rehabilitation Corp., West Orange, N.J., for approximately $230 million minus the company's debt. Privately held Kessler operates 92 outpatient clinics in 10 states and five rehabilitation hospitals in New Jersey and Maryland. The company had revenue of $228 million in 2002. The transaction is expected to close in the third quarter, subject to regulatory approval. Select Medical operates 75 specialty hospitals and 739 rehabilitation clinics in the U.S. and Canada. -- by Mary Chris Jaklevic
Select Medical to acquire Northeast rehab provider
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.