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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 (NYSE: ATIP) will announce its first quarter 2022 financial results on May 9, 2022, after market close. The company will hold a conference call to discuss these results at 5:00 p.m. ET on the same day. ATI, the largest single-branded outpatient physical therapy provider in the U.S., operates over 900 locations across 25 states, focusing on musculoskeletal issues. The company aims to deliver predictable outcomes for patients through quality standards and a range of services, including online therapy.
ATI Physical Therapy has expanded its Workers' Compensation and Auto Personal Injury services in Texas's Dallas-Fort Worth, Austin, and San Antonio markets. This initiative follows the rising demand for specialized care as more people return to work post-COVID-19. Over 80 trained clinicians will provide these services, emphasizing ATI's commitment to better serve both patients and business partners. The company will also designate eight 'hub' clinics focused on specialized care. This expansion aims to improve access to treatment and reduce lost time on the job.
ATI Physical Therapy (ATIP) reported its fourth-quarter and full-year 2021 financial results, achieving revenue guidance but falling short of Adjusted EBITDA expectations. Q4 net operating revenue was $155.8 million, down 2% from Q3, with a notable impact from COVID variants affecting operations. Despite this, the company's Net Promoter Score rose to 78, and they saw improved therapist retention with a decline in turnover. ATI refinanced its debt, increasing liquidity to support growth. For 2022, they project revenue between $675-$705 million, indicating a 7.5%-12.3% year-over-year increase.
ATI Physical Therapy, the largest single-branded outpatient physical therapy provider in the U.S., will release its fourth quarter and full year 2021 financial results on February 25, 2022, before the market opens. A conference call will follow at 8:00 a.m. ET to discuss the results. With over 900 locations across 25 states, ATI is committed to providing quality treatment and outcomes for musculoskeletal issues, having served over 2.5 million unique patients. For more details, visit their Investor Relations website.
ATI Physical Therapy (NYSE: ATIP) announced the appointment of Teresa Sparks to its Board of Directors, enhancing its leadership team. Sparks brings 30 years of healthcare finance experience, previously serving as CFO at Envision Healthcare. Her expertise is expected to guide ATI's business strategy and growth. Executive Chairman John Larsen emphasized her valuable track record in healthcare finance. Sparks expressed her commitment to ATI's mission of improving patient outcomes, aiming to leverage her experience to navigate the future challenges and opportunities in healthcare.
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.
ATI Physical Therapy (NYSE: ATIP) reported Q3 2021 financial results with net operating revenue at $159.0 million, down 3.1% from Q2 but up 7.0% year-over-year. Net patient revenue decreased by 3.3% quarter-over-quarter, totaling $141.9 million. The company maintained a Net Promotor Score of 73 and a Google Star Rating of 4.9, indicating high customer satisfaction. Despite operational challenges, ATI opened 18 new clinics, increasing total openings to 38 for the year. The company projects revenues between $620 million and $630 million for 2021, with Adjusted EBITDA expected between $40 million and $44 million.
ATI Physical Therapy (NYSE: ATIP) has announced the acquisition of Hope Rehab Katy in Katy, Texas, enhancing its presence in the Houston market. This strategic move expands ATI's footprint in one of the fastest-growing metropolitan regions in the U.S. Hope Rehab Katy has been operational since 2003, growing from two to over 30 employees. ATI aims to leverage this acquisition to enhance patient-centered care, facilitate growth, and expand services across its Texas portfolio, which already includes clinics in Dallas, Fort Worth, Austin, and San Antonio.
Everside Health has partnered with ATI Physical Therapy to enhance patient access to musculoskeletal (MSK) care, aiming to lower costs and improve treatment outcomes. With Everside's 350 health centers in 34 states and ATI's 900 outpatient clinics across 25 states, the collaboration seeks to address the rising MSK treatment costs, which have doubled to $20 billion over the last decade. Everside's direct primary care model shows that employers can save 17% on claims costs by year three. The partnership is timely as approximately one in two U.S. adults face MSK conditions.
ATI Physical Therapy (NYSE: ATIP) announced preliminary financial results for Q3 2021, with estimated revenue of $159 million and income before taxes around $147 million. However, visit volume declined, averaging 20,674 visits per day, down from 21,569 in Q2 2021. As a result, ATI revised its full-year revenue guidance to $620-$630 million from $640-$670 million, and Adjusted EBITDA to $40-$44 million from $60-$70 million. The company has also observed improved clinician retention and robust hiring.
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