ATI Physical Therapy Expands Michigan Presence with Acquisition of Excel-R-ation Physical Therapy

Rhea-AI Summary

ATI Physical Therapy (NYSE: ATIP) has acquired Excel-R-ation Physical Therapy, enhancing its presence in Michigan and expanding its services in Western Michigan. This strategic acquisition aims to align the cultures and values of both organizations, focusing on high-quality patient care. Excel-R-ation, established in 2003, brings a strong commitment to effective physical therapy services. The newly branded ATI clinic is located in Holland, Michigan, promising to deliver evidence-based treatments and grow the practice further.

Positive

• Strategic acquisition of Excel-R-ation strengthens ATI's portfolio in Michigan.
• Expansion into the Grand Rapids area increases ATI's market footprint.
• Aligned cultures and values enhance synergy and operational integration.

Negative

• None.

BOLINGBROOK, Ill. and HOLLAND, Mich., Nov. 18, 2021 /PRNewswire/ -- ATI Physical Therapy ("ATI") (NYSE: ATIP), the largest single-branded outpatient physical therapy provider in the United States, today announced that the company has acquired Excel-R-ation Physical Therapy, extending its footprint into the Grand Rapids area. The addition of Excel-R-ation strengthens ATI's Michigan portfolio and builds on existing clinics in the southern and northwestern regions of the state.

"Adding Excel-R-ation Physical Therapy to the ATI family presents an exciting opportunity, as our cultures and values are well aligned," said Stephanie Walton, ATI District Director. "The willingness to go above and beyond for our patients, our referral sources and our communities, as well as for one another, is at the core of who we are at ATI. These are the same characteristics that the team at Excel-R-ation demonstrate every single day. Together, we have the ability to expand the positive impact we are making in the lives of more individuals throughout Western Michigan."

Excel-R-ation was formed in 2003 by a group of five physical therapists dedicated to the mission of serving local patients with unsurpassed physical therapy services.

The new ATI Physical Therapy (formerly Excel-R-ation) clinic is located at 11595 E Lakewood Blvd, Suite 80, Holland, Mich. 49424

"We decided to partner with ATI due to our similar approach to patient care and commitment to provide the highest quality physical therapy services," said Bill Winter, Excel-R-ation Owner and Co-founder. "Together with ATI's strong leadership team and resources, and our experienced team of therapists we will continue to grow our practice and offer our patients the most effective and evidence-based treatments."

Category: Corporate Transaction

About ATI Physical Therapy
At ATI Physical Therapy, we are passionate about potential. Every day, we restore it in our patients and activate it in our team members in our 900 clinics (and 22 clinics under management service agreements) across the U.S. With outcomes from more than 2.5 million unique patient cases, ATI is making strides in the industry by setting quality standards that deliver predictable outcomes for our patients with musculoskeletal (MSK) issues. ATI's offerings span across a broad spectrum of MSK-related issues. From preventative services in the workplace and athletic training support to home health, outpatient clinical services and online physical therapy via its online platform, CONNECT™, a complete list of our service offerings can be found at ATIpt.com. ATI is based in Bolingbrook, Illinois.

Contact:
Rob Manker, Director of Social, Content & Relationship Marketing
ATI Physical Therapy
Warren.Manker@atipt.com
630-296-2222 x7432

Alexis Feinberg
ICR Westwicke
Alexis.Feinberg@Westwicke.com
203-939-2225

 

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SOURCE ATI Physical Therapy

FAQ

What is the purpose of ATI's acquisition of Excel-R-ation?

The acquisition aims to expand ATI's footprint in Michigan and enhance patient care by aligning the cultures and values of both organizations.

Where is the new ATI Physical Therapy clinic located?

The new clinic is located at 11595 E Lakewood Blvd, Suite 80, Holland, Michigan 49424.

When was the acquisition of Excel-R-ation by ATI announced?

The acquisition was announced on November 18, 2021.

What impact does the acquisition have on ATI's services?

The acquisition is expected to grow ATI's practice and offer patients more effective and evidence-based physical therapy treatments.

How does Excel-R-ation's mission align with ATI's goals?

Excel-R-ation shares ATI's commitment to high-quality patient care and community service.