Select Medical Holdings Corporation (NYSE:SEM) Q2 2023 Earnings Conference Call August 4, 2023 9:00 AM ET

Company Participants

Robert Ortenzio - Executive Chairman & Co-Founder

Martin Jackson - EVP & CFO

Conference Call Participants

Justin Bowers - Deutsche Bank

Ben Hendrix - RBC Capital Markets

Kevin Fischbeck - Bank of America

Operator

Good morning, and thank you for joining us today for Select Medical Holdings Corporation's Earnings Conference Call to discuss the Second Quarter 2023 Results and the business -- company business outlook.

Speaking today are the company's Executive Chairman and Co-Founder, Robert Ortenzio; and the company's Executive Vice President and Chief Financial Officer, Martin Jackson. Management will give you an overview of the quarter and then the call will open for questions.

Before we get started, we would like to remind you that this conference may contain forward-looking statements regarding future events or the future financial performance of the company, including without limitation statements regarding operational results, growth opportunities and other statements that refer to Select Medical's plans, expectations, strategies, intentions and beliefs.

These forward-looking statements are based on the information available to management of Select Medical today, and the company assumes no obligation to update these statements as circumstances change.

I will now like to turn the conference over to Mr. Robert Ortenzio. Please go ahead, sir.

Robert Ortenzio

Thank you, Operator. Good morning, everyone. Welcome to Select Medical's earnings call for the second quarter of 2023.

Before providing detail on each of our four operating division, I'd like to provide some updates and commentary. As you're aware, we announced our preliminary estimate of certain financial results for the second quarter on July 19, in connection with plans to launch a refinancing of some of the company's debt. We completed our refinancing on July 31, and Marty Jackson will provide further details in his commentary.

So I wanted to highlight that on August 1, U.S. News & World Report released its annual best hospitals list. I'm pleased to share with you that our Kessler Institute for Rehabilitation Hospital and six of our partnered inpatient rehab hospitals are ranked among the nation's best for 2023/2024. Number three, Kessler Institute for Rehabilitation; number 21, California Rehab Institute; number 22, Baylor Scott & White Institute for Rehabilitation in Dallas; number 34, Ohio Health Rehabilitation Hospital in Columbus; number 38, Cleveland Clinic Rehabilitation Hospital; number 46, TriHealth Rehabilitation Hospital in Cincinnati; and number 48 Banner Rehabilitation Hospital in Phoenix.