Select Medical Closes Healthsouth Deal

Select Medical Corp., a Mechanicsburgh, Pa.-based portfolio company of Welsh Carson Anderson & Stowe and Bravo Equity Partners, has completed its acquisition of HealthSouth Corp.'s Outpatient Rehabilitation division for approximately $245 million in cash. The division includes approximately 600 facilities in 35 states that provide rehab for general orthopedic and sports injuries. www.selectmedicalcorp.com www.healthsouth.com