Shares of Select Medical Holdings Corporation (SEM) have fallen 17.6% since it reported first-quarter 2025 results on May 1. The quarterly results were hurt by the reduced occupancy rate in the Rehabilitation Hospital segment and lower admissions in the Critical Illness Recovery Hospital segment, coupled with higher costs and expenses. However, the negatives were partially offset by improved revenue per patient day in the Rehabilitation hospital segment and occupancy rates in the Critical Illness Recovery H ...