Key Takeaways Select Medical shares are down 33.4% in 2025, far underperforming the industry and S&P 500.Critical Illness Recovery Hospitals face falling admissions, patient days and operating income.Rehabilitation Hospitals show growth with higher admissions and strong margins.Select Medical Holdings Corporation (SEM) has had a brutal run so far in 2025. Shares have plunged 33.4% year to date, sharply lagging the industry’s 29.7% gain and the S&P 500’s 14.2% growth. Currently trading at $12.55, the stock s ...