BRIEF-Select Medical underwriters excercise over-allotment

Oct 23 (Reuters) - Select Medical Holdings Corp:

* Announces exercise of underwriters' option to purchase additional shares

* Says had received notice of the exercise of the underwriters' over-allotment

option to purchase an additional 3,602,700 shares at $10 per share

* Says total additional net proceeds to Select from the exercise of the

over-allotment option are expected to be about $33.9 million

* Says over-allotment option was granted in connection with select's IPO of 30

million shares, which closed September 30

* Says intends to use the net proceeds from the exercise of the over-allotment

option to repay indebtedness and possibly for general corporate purposes.

((New York Equities Desk; tel: [phone]))

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