Ati Physical Therapy Inc Stock Price, News & Analysis

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.

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 100^th 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.