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. (ATIP) provides investors and industry observers with centralized access to official company announcements and market-relevant developments. This resource aggregates press releases, financial updates, and strategic initiatives from one of America's leading outpatient rehabilitation providers.
Visitors will find timely updates on clinical research advancements through ATI's Institute for Musculoskeletal Advancement (iMSKA), partnership announcements, and operational milestones across its nationwide network of clinics. The curated selection focuses on material developments in orthopedic care innovation, workforce expansion, and evidence-based treatment methodologies.
Key content categories include quarterly financial results, leadership updates, service expansion notices, and peer-reviewed research publications. All materials maintain compliance with financial disclosure regulations while emphasizing ATIP's commitment to musculoskeletal health innovation.
Bookmark this page for streamlined tracking of ATI Physical Therapy's progress in advancing rehabilitation services through clinical excellence and operational growth. Check regularly for authoritative updates directly affecting market understanding of ATIP's position in healthcare services.
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.
ATI Physical Therapy (NYSE: ATIP) announced the immediate resignation of CEO Labeed Diab, with John Larsen appointed as Executive Chairman to lead the company. The Board is conducting a search for a new CEO. Larsen emphasized the leadership change is timely to enhance growth strategies. The transition will not affect the previously announced 2021 earnings forecast. With approximately 900 locations, ATI serves a growing demand for physical therapy services and aims to be the employer of choice for physical therapists nationwide.
ATI Physical Therapy (NYSE: ATIP) reported its Q2 2021 results on July 26, revealing a 10.0% quarter-over-quarter increase in net operating revenue to $164 million, largely driven by a 70.6% year-over-year rise in patient visit volume. However, the company faced accelerated therapist attrition and challenges in the labor market, leading to a reduced 2021 revenue forecast of $640 million to $670 million, down from $731 million. Adjusted EBITDA estimates were also lowered to $60 million to $70 million. The company is taking steps to retain talent and mitigate rising costs.
ATI Physical Therapy, Inc. (NYSE: ATIP) will announce its fiscal second quarter 2021 financial results on Monday, July 26, 2021, before market opens. A conference call to discuss these results will occur at 8:00 a.m. ET on the same day. ATI operates approximately 900 locations in the U.S., focusing on musculoskeletal issues with over 2.5 million unique patient cases recorded. The company emphasizes quality care across various services, including preventive workplace solutions and outpatient clinical services.
ATI Physical Therapy and Fortress Value Acquisition Corp. II (FAII) announced the approval of their business combination at a special stockholder meeting on June 15, 2021. Approximately 26% of Class A common stockholders opted to redeem their shares, totaling around $89.9 million at a redemption price of $10 per share. The merger is expected to close on June 16, 2021, allowing ATI's Class A common stock and warrants to begin trading as ATIP and ATIP WS on the NYSE on June 17, 2021.
