Healthcare has been a hot sector in 2011. Select Medical Holdings Corporation (SEM – Snapshot Report) has seen its shares jump 19% in 2011. But even with the stock surge, this Zacks #1 Rank (strong buy) is trading at just 11.4x forward estimates.
Select Medical Holdings operates 110 long term acute care hospitals and 8 acute medical rehabilitation hospitals in 28 states and 945 outpatient rehabilitation clinics in 35 states and D.C.
The company also provides medical rehabilitation services under contracts at nursing homes, hospitals, assisted living and senior care centers.
Select Surprised By 22% in the First Quarter
On May 5, Select reported its first quarter results and beat the Zacks Consensus by 4 cents per share. It was the first beat in the last 4 quarters.
Earnings per share were 22 cents compared to the consensus of 18 cents. Select made just 15 cents in the same quarter a year ago.
Revenue rose 18.5% to $693.2 million from $584.8 million in the first quarter of 2010.
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Tags: Holdings, Holdings Corporation, Medical Holdings, Medical Holdings Corporation