ATI Physical Therapy Goes Private
ATI Physical Therapy (OTCMKTS: ATIP) has announced its transition from public to private ownership through a merger led by Knighthead Capital Management and Marathon Asset Management. The consortium of existing stockholders, holding over 90% of voting shares, will acquire remaining shares for $2.85 per share in cash.
The company will maintain its headquarters in Downers Grove, Illinois, and continue operations under its current brand and leadership team. CEO Sharon Vitti emphasized that private ownership will enable ATI to focus on patient care and strategic growth without the constraints of quarterly reporting cycles.
ATI Physical Therapy (OTCMKTS: ATIP) ha annunciato la sua transizione da società pubblica a privata attraverso una fusione guidata da Knighthead Capital Management e Marathon Asset Management. Il consorzio di azionisti esistenti, che detiene oltre il 90% delle azioni con diritto di voto, acquisirà le azioni rimanenti a 2,85 dollari per azione in contanti.
L'azienda manterrà la sua sede a Downers Grove, Illinois, e continuerà le operazioni sotto il suo attuale marchio e team di leadership. La CEO Sharon Vitti ha sottolineato che la proprietà privata permetterà ad ATI di concentrarsi sulla cura dei pazienti e sulla crescita strategica senza le limitazioni dei cicli di rendicontazione trimestrale.
ATI Physical Therapy (OTCMKTS: ATIP) ha anunciado su transición de empresa pública a privada mediante una fusión liderada por Knighthead Capital Management y Marathon Asset Management. El consorcio de accionistas existentes, que posee más del 90% de las acciones con derecho a voto, adquirirá las acciones restantes por 2,85 dólares por acción en efectivo.
La compañía mantendrá su sede en Downers Grove, Illinois, y continuará operando bajo su marca y equipo directivo actuales. La CEO Sharon Vitti destacó que la propiedad privada permitirá a ATI enfocarse en la atención al paciente y el crecimiento estratégico sin las limitaciones de los ciclos de informes trimestrales.
ATI Physical Therapy (OTCMKTS: ATIP)는 Knighthead Capital Management와 Marathon Asset Management가 주도하는 합병을 통해 상장 기업에서 비상장 기업으로 전환한다고 발표했습니다. 기존 주주들이 90% 이상의 의결권 주식을 보유한 컨소시엄이 나머지 주식을 주당 2.85달러 현금에 인수할 예정입니다.
회사는 일리노이주 다운어스그로브에 본사를 유지하며 현재 브랜드와 경영진 체제를 계속 운영할 것입니다. CEO 셰런 비티는 비상장 기업 전환이 분기별 보고 주기의 제약 없이 환자 치료와 전략적 성장에 집중할 수 있게 해줄 것이라고 강조했습니다.
ATI Physical Therapy (OTCMKTS : ATIP) a annoncé sa transition d'une société publique à une société privée via une fusion dirigée par Knighthead Capital Management et Marathon Asset Management. Le consortium d'actionnaires existants, détenant plus de 90 % des actions avec droit de vote, acquerra les actions restantes pour 2,85 $ par action en espèces.
L'entreprise conservera son siège à Downers Grove, dans l'Illinois, et poursuivra ses activités sous sa marque et son équipe de direction actuelles. La PDG Sharon Vitti a souligné que la propriété privée permettra à ATI de se concentrer sur les soins aux patients et la croissance stratégique sans les contraintes des cycles de rapports trimestriels.
ATI Physical Therapy (OTCMKTS: ATIP) hat seinen Übergang vom börsennotierten zum privaten Unternehmen durch eine Fusion unter der Führung von Knighthead Capital Management und Marathon Asset Management bekannt gegeben. Das Konsortium der bestehenden Aktionäre, die über 90 % der stimmberechtigten Aktien halten, wird die verbleibenden Aktien für 2,85 USD pro Aktie in bar erwerben.
Das Unternehmen wird seinen Hauptsitz in Downers Grove, Illinois, beibehalten und unter der aktuellen Marke und Führung weiterarbeiten. CEO Sharon Vitti betonte, dass der private Besitz ATI ermöglichen werde, sich auf die Patientenversorgung und strategisches Wachstum zu konzentrieren, ohne die Einschränkungen der vierteljährlichen Berichterstattung.
- None.
- Public shareholders forced to exit at $2.85 per share
- Reduced transparency and public market access for investors
- Limited ability for minority shareholders to participate in future growth
ATI Physical Therapy Transitions from Public to Private Ownership
Move to Private Ownership Supports Long-Term Growth, Operational Flexibility, and Continued Focus on Patient Care
The merger will allow ATI to operate with greater agility and long-term focus, while continuing to deliver high-quality, patient-centered care across its nationwide clinic network.
"Having been an investor in the physical therapy industry for many years, we fully recognize the unique excellence of ATI's management team, value proposition and positioning in the market," said Andrew Shannahan, Managing Member, Knighthead Capital Management. "We look forward to continuing to be a partner to ATI following this transaction and to supporting the delivery of high-quality care that its therapists are known for."
"We have been impressed by Sharon and her team's execution over the last three years at ATI. We are fully committed to further backing the management team in their mission to provide exceptional care to patients and to grow the business both organically and through new clinic openings, ultimately unlocking significant value for investors," said Randy Raisman, Head of US Opportunistic Credit at Marathon Asset Management.
"Returning to private ownership is a timely next step in ATI's evolution," said Sharon Vitti, Chief Executive Officer of ATI. "This structure allows us to focus on our patients, providers, and partners—investing in what matters most, without the added expense and constraints of quarterly reporting cycles. We are confident this will make ATI stronger by positioning us to better serve our communities through innovation and growth."
ATI will remain headquartered in
About ATI Physical Therapy
ATI Physical Therapy is a leading provider of outpatient physical therapy and rehabilitation services with hundreds of clinics across
Media Contact:
Eimile Tansey
Eimile.tansey@atipt.com
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SOURCE ATI Physical Therapy
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