An investigation for investors in NYSE:SEM shares over potential wrongdoing by certain officers and directors at Select Medical Holdings Corporation is ongoing and current long-term NYSE:SEM stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 07/22/2013 -- An investigation on behalf of investors, who purchased NYSE:SEM in 2011 and currently hold any of those NYSE:SEM shares, was announced concerning whether certain officers and directors Select Medical Holdings Corporation possibly breached their fiduciary duties in connection with certain statements regarding its long term acute care hospital in Evansville, Indiana received
Investors who are current long term stockholders of shares of Select Medical Holdings Corporation (NYSE:SEM), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors Select Medical Holdings Corporation of breached their fiduciary duties and caused damage to the company and its shareholders by, among other things, failing to implement adequate internal controls.
Select Medical Holdings Corporation disclosed that the company and its long term acute care hospital in Evansville, Indiana received various subpoenas and demands for documents relating to the company’s long term acute care hospital in Evansville, Indiana including a request for information and subpoenas from the Office of Inspector General of the U.S. Department of Health and Human Services and subpoenas from the Office of Attorney General for the State of Indiana, and the Evansville (Indiana) Police Department has executed a search warrant at the long term acute care hospital in Evansville.
Select Medical Holdings Corporation reported that its annual Total Revenue rose from over $2.23 billion in 2009 to over $2.94 billion in 2012 and that its Net Income for those time periods increased from $75.28 million to $148.23 million.
Shares of Select Medical Holdings Corporation (NYSE:SEM) reached in 2012 as high as $11.65 per share.
On July 19, 2013, NYSE:SEM shares closed at $9.00 per share.
Those who purchased shares of Select Medical Holdings Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com