A longtime member has left the board of Select Medical Holdings Corp. and its operating subsidiary Select Medical Corp.
In a year-end filing with the U.S. Securities and Exchange Commission, Mechanicsburg-based Select Medical announced the exit of James Dalton from its board of directors.
According to the filing, Mr. Dalton’s exit “was not the result of any disagreement with the Company.“
In a statement Select Medical’s executive chairman and co-founder, Robert Ortenzio, said, “Jim Dalton’s strategic leadership as a Select Medical board member has been instrumental in the company’s growth and success over the past 16 years. His insights, as well as his friendship, will be missed by the entire board.”
Dalton, 74, joined the board is 2005 and is leaving just as the company is acquiring urgent care treatment centers from Dignity Health in a deal worth $753 million.
No replacement has been named. However, other board members have taken over Dalton’s committee assignments.
Board member Bryan Cressey, a partner at Chicago-based Cressey & Co., joins the company’s audit committee, while Russel Carson heads to the compensation committee. The appointments of Cressey and Dalton took effect Jan. 1st while Mr. Dalton’s resignation took effect December 31.
Select Medical manages acute care treatment centers, urgent care centers and rehabilitation treatment centers across the country with multiple locations in Central Pennsylvania.
In 2016, the company posted revenues of $4.25 billion. It employs more than 2,000 people.