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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, Inc. (NYSE: ATIP) has announced it will release its first quarter 2023 financial results on May 8, 2023, after market close. A conference call to discuss these results will be held at 5 p.m. ET on the same day. The call can be accessed via a live audio webcast through the Company's Investor Relations website. ATI Physical Therapy operates over 900 locations across 24 states, delivering high-quality outpatient physical therapy services. With outcomes from more than 2.5 million unique patient cases, the company aims to set quality standards for musculoskeletal (MSK) treatments. Investors and media can find contact information for inquiries in the press release.
ATI Physical Therapy (NYSE: ATIP) announced a two-year exclusive partnership with the McDonald's All American Games, becoming the Official Physical Therapy Partner. This collaboration will involve providing four dedicated athletic trainers for 24/7 medical coverage to the game's 48 players, enhancing injury prevention and treatment. The event takes place on March 28, 2023, at the Toyota Center in Houston, Texas. ATI emphasizes its commitment to high-quality care, showcasing its role in supporting elite athletes, and promoting its broader services across 900 locations in 24 states.
ATI Physical Therapy (NYSE: ATIP) reported its Q4 and full year 2022 financial results, revealing a net revenue of $161.8 million, representing a 3% quarter-over-quarter and 4% year-over-year increase. Net patient revenue also saw a 3% quarter-over-quarter and 4% year-over-year rise, totaling $146.2 million. Despite a net loss of $102.4 million due to non-cash impairment charges, Adjusted EBITDA improved to $6.4 million. The company announced a Transaction Support Agreement to enhance liquidity, securing $25 million in delayed draw facilities. CEO Sharon Vitti highlighted a strong demand for physical therapy and a favorable start to 2023.
ATI Physical Therapy, Inc. (NYSE: ATIP) will release its fourth quarter and full year 2022 financial results on March 16, 2023, after market close. A conference call to discuss these results will take place at 5:00 p.m. ET on the same day. Investors can access the call via a live audio webcast on the Company's Investor Relations website. ATI operates over 900 locations across 24 states, focusing on musculoskeletal issues and delivering quality patient outcomes. The company has treated more than 2.5 million unique patients, showcasing its commitment to healthcare excellence.
ATI Physical Therapy, the largest outpatient physical therapy provider in the U.S., announced that Scott Gregerson will join as Chief Growth Officer on Jan. 3. With over 20 years of healthcare leadership experience, including roles in business development and strategic partnerships, Gregerson aims to enhance ATI’s growth across various sectors. CEO Sharon Vitti emphasized the necessity of innovation and partnerships for future success. Gregerson's experience includes roles at several healthcare organizations, positioning him to drive ATI's business development efforts.
ATI Physical Therapy has appointed Christopher Cox as its new Chief Operating Officer, effective Dec. 16. With over 17 years in healthcare and a decade in leadership roles, Cox aims to enhance operational excellence and coordinate ATI's various service segments, including Health Services. Previously, he held significant roles at CVS Health, managing over $80 billion in Retail Pharmacy P&L. This strategic move is part of ATI's plan to align skilled leadership with business needs to improve patient care and operational efficiency.
ATI Physical Therapy (NYSE: ATIP) announced it received a notice from the NYSE on November 18, 2022, for non-compliance with listing standards due to its Class A common shares averaging below $1.00 over a 30-day period.
The company has six months to regain compliance, potentially through a reverse stock split, pending shareholder approval. Despite the notice, ATI's ongoing operations and compliance with other NYSE standards remain intact. If compliance is not achieved, the NYSE may initiate delisting procedures.
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