Welcome to our dedicated page for ATI Physical Therapy news (Ticker: ATIP), a resource for investors and traders seeking the latest updates and insights on ATI Physical Therapy stock.
ATI Physical Therapy, Inc. (NYSE: ATIP) is a leading outpatient orthopedic private practice established in 1996. With a commitment to high-quality rehabilitation services, ATI has grown to over 500 clinic locations across the United States. The company offers a comprehensive range of services including physical therapy, aquatic therapy, hand therapy, sports medicine, work conditioning/hardening, industrial health services, and women's health. ATI's unique approach emphasizes hands-on, one-to-one care, making it a standout in the rehabilitation industry.
ATI was named the "Best Physical Therapy Practice" in the nation by Advance Magazine, excelling in areas such as patient care, employee training, and community presence. The company's dedication to patient-centered, evidence-based services has contributed to its rapid expansion and strong community impact.
In recent developments, ATI has been actively expanding its clinic footprint, including the opening of its 40th clinic in Massachusetts and a new state-of-the-art facility in Kirkland, Washington. Additionally, ATI has launched The Institute for Musculoskeletal Advancement (iMSKA), aimed at advancing scientific research and providing resources for practicing professionals. iMSKA focuses on improving clinical care through research on post-operative and non-operative outcomes, early access to care, and value-based care models.
Financially, ATI has shown strong performance. In Q4 2023, the company exceeded its revenue and adjusted EBITDA guidance, driven by operational efficiency and profitability initiatives. Moving forward, ATI continues to focus on expanding patient access, enhancing community wellness, and maintaining high-quality clinical standards through its single-branded platform and virtual practice, CONNECT™.
ATI is based in Bolingbrook, Illinois, and remains dedicated to helping individuals live better, more active lives. For more information, visit ATIpt.com.
ATI Physical Therapy (ATIP) has announced a tender offer to purchase up to 1,650,000 shares of its Class A common stock at $2.85 per share, representing approximately 37.4% of outstanding shares. The offer price represents a 290% premium over the December 16, 2024 closing price of $0.73. The tender offer will be funded through new notes under the company's amended second lien PIK note purchase agreement.
The offer requires a minimum tender of 1,565,000 shares and will expire on January 15, 2025. Stockholders can tender all or part of their shares and will receive payment in cash, subject to proration if the offer is oversubscribed. The Board of Directors has unanimously recommended stockholders accept the offer.
ATI Physical Therapy (NYSE: ATIP) announced that its Class A common stock will be delisted from the New York Stock Exchange after market close on December 3, 2024, due to failing to maintain the required $15 million average global market capitalization over 30 consecutive trading days. The company's stock will transition to trading on the OTC Pink® Market.
ATI is currently in discussions for interim financing to provide liquidity opportunities for stockholders. The company states this transition won't affect its business operations, partner relationships, employees, or SEC reporting obligations. Management expressed confidence in their strategic plan and ongoing investments in people and patient experiences.
ATI Physical Therapy (ATIP) has achieved an 'Exceptional' rating from the Center for Medicare and Medicaid Services' (CMS) Merit-Based Incentive Payment System (MIPS) for the fifth consecutive year since the program's inception in 2019. The company leveraged its proprietary electronic medical record and Patient Outcomes Registry™, which contains over 10 million patient reported outcomes across 4 million patient episodes. This recognition makes providers eligible for CMS reimbursement rate bonuses, helping offset continuing rate reductions. ATI, the largest single-branded outpatient physical therapy provider in the U.S., operates 900 locations across 24 states, offering comprehensive physical therapy services including virtual and workplace safety solutions.
ATI Physical Therapy (NYSE: ATIP) reported Q3 2024 financial results with net revenue of $190.0 million, up 7.1% from Q3 2023. Net patient revenue increased 7.7% to $174.7 million. The company reported a net loss of $32.9 million and Adjusted EBITDA of $12.1 million, up 28.8% year-over-year. Visits per Day increased 6.1% to 24,860. For Q4 2024, ATI projects revenue between $182-192 million and Adjusted EBITDA of $9-14 million. The company noted its liquidity position requires additional capital to fund operations and meet near-term needs.
ATI Physical Therapy, Inc. (NYSE: ATIP), a leading outpatient physical therapy provider in the United States, has announced that it will release its third quarter 2024 financial results on Monday, November 4, 2024, after the market closes. The company will host a conference call to review the results at 5 p.m. ET on the same day.
Interested parties can access the live audio webcast of the conference call through the ATI Physical Therapy, Inc. Q3 2024 Earnings Conference Call link on the company's Investor Relations website at https://investors.atipt.com. Participants are advised to join at least 15 minutes early to register and download any necessary audio software. A replay of the call will be available for on-demand listening shortly after the completion of the call and will remain accessible for approximately 90 days.
ATI Physical Therapy (NYSE: ATIP) reported strong growth in Q2 2024, with revenue increasing 9.2% to $188.1 million. Key highlights include:
- Patient visits up 6.4% to 24,921 per day
- Rate per Visit increased 3.4% to $108.32
- Adjusted EBITDA grew 77.5% to $16.6 million
- Net loss narrowed to $2.6 million from $21.7 million in Q2 2023
The company received an exceptional MIPS rating for the 5th consecutive year. For Q3 2024, ATI guides revenue between $180-$190 million and Adjusted EBITDA of $9-$14 million.
ATI Physical Therapy (NYSE: ATIP), a leading outpatient physical therapy provider in the United States, has announced that it will release its second quarter 2024 financial results on Monday, August 5, 2024, after the market closes. The company will host a conference call to review the results at 5 p.m. ET on the same day.
Investors and interested parties can access the live audio webcast of the conference call through the ATI Physical Therapy, Inc. Q2 2024 Earnings Conference Call link on the company's Investor Relations website at https://investors.atipt.com. Participants are advised to join at least 15 minutes early to register and download any necessary audio software. A replay of the call will be available for on-demand listening shortly after the call's completion and will remain accessible for approximately 90 days.
ATI Physical Therapy (NYSE: ATIP) has announced a settlement notice, which is now available on the investor relations section of its website. This update aims to inform stakeholders about the details of the settlement. ATI Physical Therapy is a prominent outpatient physical therapy provider in the US.
ATI Physical Therapy (NYSE: ATIP) has been recognized as a Great Place to Work® for 2024 by the globally recognized authority on workplace culture. ATI employs over 5,000 clinicians and support staff across 884 clinics nationwide and excels in physical therapy, workers' compensation rehab, employer worksite solutions, and sports medicine. Key highlights from the certification include 88% of employees believing patient care is excellent, 82% feeling a sense of camaraderie, and over 91% agreeing that ATI treats employees fairly irrespective of race, gender, age, or sexual orientation. The recognition underscores ATI's commitment to its core values of Trust, Patient Care, Excellence, Collaboration, and Innovation.
ATI Physical Therapy reported strong financial results for the first quarter of 2024, with net revenue of $181.5 million, an 8.7% increase from the first quarter of 2023. The company saw growth in patient visits and revenue, driven by operational excellence and capacity expansion. Adjusted EBITDA increased by 34.9% to $6.5 million. Despite a net loss, ATI remains optimistic about continued growth in 2024.
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