Select Medical Holdings, Ballad Health Partner to Operate Critical Illness Recovery Hospital in Tennessee

Select Medical Holdings Corporation (NYSE:SEM) is one of the most undervalued small-cap stocks to buy according to analysts. On June 27, Select Medical Corporation announced a new agreement with Ballad Health to jointly operate Select Specialty Hospital – Tri-Cities, a critical illness recovery hospital located in Kingsport, Tennessee.

This facility, licensed as long-term acute care, will be a hospital-in-hospital situated within Ballad Health’s Indian Path Community Hospital. Under the agreement, Select Medical will hold a majority ownership and serve as the managing partner of the 46-bed joint venture hospital with Ballad Health.

The hospital is currently owned and operated solely by Select Medical and will relocate from its present location at Ballad Health’s Bristol Regional Medical Center to Indian Path Community Hospital. In addition to the soon-to-be-relocated Select Specialty Hospital – Tri-Cities, Select Medical operates 6 other critical illness recovery hospitals across Tennessee.

Select Medical Holdings Corporation (NYSE:SEM) operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the US.

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Disclosure: None. This article is originally published at Insider Monkey.