Rocco Ortenzio is an Itaro American businessman and philanthropist, who during his career has founded several health care companies.
Ortenzio co-founded Select Medical Corporation in 1996 with his son, Robert. [1] Select Medical "operate[s] hospitals within hospitals," and "provide[s] acute long-term care to critically ill patients." [2] Beginning in February 1997, Ortenzio held the position of chairman and chief executive officer for Select Medical: he held these positions until that September. [3] In the same year, he was awarded the Business Achievement Award from the West Shore Chamber of Commerce. [4] Since that time, he has served as its executive chairman. [3] In 1998, Select Medical bought fellow health care provider Intensiva for approximately $110 million. [2] In February 2010, it was estimated that both Rocco and his son had made "about $200 million from salary, benefits and share sales since founding Select in November 1996." [5] In September 2009, they sold 90% of Select Medical to the public through shares, but retained around $200 million worth of the company, or 10 percent. [5]
In 1995, Rocco Ortenzio sold his company Continental Medical Systems to Horizon Healthcare Corporation for $502 million in stock. [6] He had founded Continental in 1986, and held the positions of chairman and chief executive officer until July 1995. [3] After the merger, he became the vice chairman of Horizon, which became one of the largest companies of its kind in the U.S. [6] Horizon/CMS was eventually acquired by HealthSouth in 1997.
Ortenzio was also made a Knight of the Order of St. Sylvester, on October 21, 2007. [7] Ortenzio and his son, Robert, along with Select Medical, made the largest-ever private donation ($5.2 million) to the Harrisburg University of Science and Technology. [8]
Ortenzio donated $1 million to Restore Our Future, Mitt Romney's Super PAC, in 2012. [9] Ortenzio has also contributed to Bob Casey, Jr., Pat Toomey, Lee Terry, Bob Corker, and other members of Congress. [10]
Rocco Ortenzio is an Itaro American businessman and philanthropist, who during his career has founded several health care companies.
Ortenzio co-founded Select Medical Corporation in 1996 with his son, Robert. [1] Select Medical "operate[s] hospitals within hospitals," and "provide[s] acute long-term care to critically ill patients." [2] Beginning in February 1997, Ortenzio held the position of chairman and chief executive officer for Select Medical: he held these positions until that September. [3] In the same year, he was awarded the Business Achievement Award from the West Shore Chamber of Commerce. [4] Since that time, he has served as its executive chairman. [3] In 1998, Select Medical bought fellow health care provider Intensiva for approximately $110 million. [2] In February 2010, it was estimated that both Rocco and his son had made "about $200 million from salary, benefits and share sales since founding Select in November 1996." [5] In September 2009, they sold 90% of Select Medical to the public through shares, but retained around $200 million worth of the company, or 10 percent. [5]
In 1995, Rocco Ortenzio sold his company Continental Medical Systems to Horizon Healthcare Corporation for $502 million in stock. [6] He had founded Continental in 1986, and held the positions of chairman and chief executive officer until July 1995. [3] After the merger, he became the vice chairman of Horizon, which became one of the largest companies of its kind in the U.S. [6] Horizon/CMS was eventually acquired by HealthSouth in 1997.
Ortenzio was also made a Knight of the Order of St. Sylvester, on October 21, 2007. [7] Ortenzio and his son, Robert, along with Select Medical, made the largest-ever private donation ($5.2 million) to the Harrisburg University of Science and Technology. [8]
Ortenzio donated $1 million to Restore Our Future, Mitt Romney's Super PAC, in 2012. [9] Ortenzio has also contributed to Bob Casey, Jr., Pat Toomey, Lee Terry, Bob Corker, and other members of Congress. [10]