Select Medical announced that the company expects its net operating revenue for the year ended December 31, 2021 to be approximately $6,204 million. Select Medical expects earnings excluding interest, income taxes, depreciation and amortization, gain (loss) on early retirement of debt, stock compensation expense, gain (loss) on sale of businesses, and equity in earnings (losses) of unconsolidated subsidiaries, or Adjusted EBITDA, for the year ended December 31, 2021 to be approximately $947 million. Select Medical expects fully diluted earnings per common share for the year ended December 31, 2021 to be in the range of $2.90 to $2.92.

When Select Medical issues its business outlook for the year ended December 31, 2022, it will readdress its target compound annual growth rates for revenue, and earnings per common share.