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, the largest single-branded outpatient physical therapy provider in the U.S., has promoted Erik Kantz to Chief Legal Officer. Kantz, who has been with the company since 2016, previously served as Vice President and Deputy General Counsel. CEO Sharon Vitti praised Kantz's contributions during ATI's transition to a publicly traded company, highlighting his experience in public company reporting and compliance. With over 900 locations, ATI is committed to delivering quality service to patients with musculoskeletal issues.
ATI Physical Therapy (NYSE: ATIP) reported third-quarter 2022 financial results, showing a net operating revenue of $156.8 million, down 4% from the previous quarter, and a 1% decrease year-over-year. Net patient revenue also fell by 4% quarter-over-quarter but remained flat year-over-year. The company experienced a significant non-cash goodwill impairment charge of approximately $107 million. Despite a challenging labor market, ATI opened 11 new clinics, maintaining a strong Net Promoter Score of 76 and a 4.8 Google Star Rating, indicating high customer satisfaction.
ATI Physical Therapy, the largest outpatient physical therapy provider in the U.S., will announce its third quarter 2022 financial results on November 7, 2022, after market close. Following the release, a conference call will be held at 5:00 p.m. ET to discuss the results. Investors can access the call via a live audio webcast on the Company’s Investor Relations website. ATI operates over 900 locations across 25 states, focusing on delivering high-quality outcomes for patients with musculoskeletal issues.
ATI Physical Therapy has ranked in the 100th percentile for delivering outstanding patient care, according to the Merit-Based Incentive Payment System (MIPS) for the year 2021. This marks the second consecutive year that ATI has achieved this distinction, being recognized as an "exceptional performer" for the third time. The company utilizes its electronic medical records and Patient Outcomes Registry to ensure high-quality care while reducing healthcare costs. The MIPS rating affects reimbursement rates for providers, reinforcing ATI's commitment to quality healthcare.
ATI Physical Therapy (NYSE: ATIP) announced the appointment of Eimile Tansey as Chief People Officer, effective later this month. Tansey will focus on employee recruiting, hiring, training, and retention to enhance the company's growth strategy. CEO Sharon Vitti praised Tansey's innovative leadership style, highlighting her commitment to employee excellence. With over 20 years of HR experience, including leadership roles at InnovAge and CVS Health, Tansey is expected to promote a culture of inclusivity at ATI. This addition strengthens the company's executive team, which now includes three women.
ATI Physical Therapy (NYSE: ATIP) reported mixed financial results for Q2 2022, with net operating revenue reaching $163.3 million, a 6% increase quarter over quarter but flat year over year. Despite strong patient demand, the company faced labor market challenges, leading to a revised 2022 revenue guidance of $635 million to $655 million. A significant non-cash impairment charge of approximately $128 million was recorded. The company's adjusted EBITDA stood at $5.4 million, up from a loss of $4.7 million in Q1, reflecting improved revenue and cost management.
ATI Physical Therapy, the largest outpatient physical therapy provider in the U.S., announced it will release its second quarter 2022 financial results on August 8, 2022, after market close. Following the release, a conference call will occur at 5:00 p.m. ET to discuss the results. Investors can access the call via a live audio webcast on the company's investor relations website. ATI operates over 900 locations across 25 states and engages in providing services concerning musculoskeletal issues.
ATI Physical Therapy has expanded its Workers' Compensation and Auto Personal Injury programs across Illinois and nationwide to meet growing demand as more Americans return to work post-pandemic. With approximately 180 clinics in Illinois, ATI enhances service delivery by designating 27 clinics as 'hubs' for specialized care. The expansion aims to improve patient access and outcomes while reducing lost time and earnings for injured workers. CEO Sharon Vitti emphasizes the company's commitment to providing high-quality care and service to a broader patient base.
ATI Physical Therapy (NYSE: ATIP) reported Q1 2022 financial results, showing net operating revenue of $153.8 million, a 1% decline from the previous quarter but a 3% increase year-over-year. Net patient revenue was $138.9 million, up 5% from the same period last year. The company experienced a net loss of $(138.2) million due to significant non-cash impairments. Despite challenges from COVID variants, visit volumes are recovering, with 22,600 visits per day in March 2022. ATI reaffirms its full-year revenue guidance of $675 million to $705 million.
ATI Physical Therapy (NYSE: ATIP) has appointed Sharon Vitti as its new Chief Executive Officer. Vitti, who has 30 years of healthcare experience, previously served as President of MinuteClinic and Senior VP at CVS Health. She aims to enhance patient care and implement innovative revenue models, such as value-based care. Chairman Jack Larsen expressed confidence in Vitti's leadership, highlighting her history of successful program innovation. Vitti's appointment comes at a critical juncture for the healthcare industry, particularly within physical therapy, where she will lead efforts to improve outcomes and expand services.
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