Focus on Specialized Inpatient Services. We serve highly acute patients and patients with debilitating injuries that cannot be adequately cared for in a less medically intensive environment, such as a skilled nursing facility. Generally, patients in our specialty hospitals require longer stays and higher levels of clinical care than patients treated in general acute care hospitals. Our patients average length of stay in our specialty hospitals is 25 days for the year ended December 31, 2007

EX-10.74 4 w62342a3exv10w74.htm EX-10.74 exv10w74

Exhibit 10.74

Executive Park West II
4720 Gettysburg Rd.
Mechanicsburg, PA 17055

First Addendum to Lease Agreement

This first amendment is made as of the 1st day of October, 2008, by and between Old Gettysburg Associates II, LP, a (“Landlord”), and Select Medical Corporation, a (“Tenant”).

BACKGROUND:


A.		Landlord and Tenant are parties to that certain Office Lease Agreement dated October 1, 2003 pursuant to which Landlord leased to Tenant, and Tenant leased from Landlord, approximately 8,644 rentable square feet of space in the building located at 4720 Gettysburg Rd., Mechanicsburg, Pennsylvania. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Lease.


B.		Landlord and Tenant now desire to amend the Lease as hereinafter set forth.

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and intending to be legally bound hereby, Landlord and Tenant agree as follows:

Effective on October 1, 2008, the following terms contained in the Basic Lease shall be amended as follows:

	1.		Tenant will continue to lease 8,644 rentable square feet in suites 101/102/301 except that the term as of October 1, 2008 shall be on a month to month basis at a rate of $21.13 per rentable square foot. Monthly payments beginning October 1, 2008 will be $15,220.64. The Expense Stop will remain in effect per the original lease agreement.

	2.		This may be cancelled by either party with a 30 day notice.

All other terms and conditions contained in the Lease and not amended hereby remain in full force and effect.

IN WITNESS WHEREOF, Landlord and Tenant have caused this first Amendment to be duly executed.


		Landlord: Old Gettysburg Associates II, LP

WITNESS:	Illegible	By:	/s/ John Ortenzio
		Select Capital Commercial Properties, Inc.
		John Ortenzio, President
		Agent for Owner

		Tenant: Select Medical Corporation

ATTEST:	Illegible	By:	/s/ Michael E. Tarvin


			Michael E. Tarvin

			(Print name)

Name:	Illegible	Title:	Executive Vice President