SCHEDULE 13G/A: BlackRock Amends Stake in Select Medical Holdings, Reports 12.4% Beneficial Ownership
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 11 to Schedule 13G, disclosing its beneficial ownership of 12.4% of Select Medical Holdings Corp.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 11 to Schedule 13G regarding its beneficial ownership in Select Medical Holdings Corp.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 16,015,179 shares of Common Stock of Select Medical Holdings Corp.
- This represents 12.4% of the class of securities.
- BlackRock, Inc. holds sole voting power over 15,865,338 shares and sole dispositive power over 16,015,179 shares.
- No shared voting or dispositive power was reported.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- One of BlackRock's subsidiaries, iShares Core S&P Small-Cap ETF, holds more than 5% of the total outstanding common stock of Select Medical Holdings Corp.
- BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., also beneficially owns 5% or greater of the outstanding shares of the security class.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a routine regulatory disclosure of beneficial ownership and typically does not convey positive or negative sentiment about the issuer's performance or prospects. It simply reports a factual ownership stake.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- This filing primarily impacts shareholders of Select Medical Holdings Corp. by providing transparency regarding a significant institutional investor's stake, which can influence market perception and liquidity. It does not directly impact employees, customers, suppliers, or creditors of the issuer.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked by the new Power of Attorney. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date for beneficial ownership). |
| 2025-04-29 | Date of filing/signature date of the Schedule 13G Amendment No. 11. |
Keywords
BlackRock, Select Medical Holdings Corp, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Healthcare Services
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