Select Medical Holdings Corporation (NYSE:SEM) is looking for acquisitions. During the company?s earnings conference call to discuss the first quarter 2024 results, Mr. Robert Ortenzio, Chief Executive Chairman and Co-Founder, said that ?We also have a lot of activity in regards to development in our Concentra and outpatient divisions. Concentra acquired a 4-center occupational medicine practice in Hampton Roads, Virginia market on February 24.

And a second de novo clinic in Fort Myers, Florida opened in March. We currently have 6 signed leases for de novos slated to open throughout the remainder of 2024 and First Quarter of 2025. Concentra continues to maintain a strong pipeline of potential acquisition opportunities and various de novo sites under evaluation.

This quarter, our outpatient rehab division added 5 clinics via 4 de novos and 1 acquisition. This offset the closure of 14 underperforming clinics and the folding of 2 clinics into existing operations upon lease expiration. The pipeline for future growth remains strong with 20 executed leases for de novo clinics scheduled to open later this year.

Many other acquisitions and de novo opportunities are currently under consideration?.