Ati Physical Therapy Inc Stock Price, News & Analysis

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.

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.