ATI Physical Therapy reports developments tied to its outpatient physical therapy and rehabilitation business in the United States. The company provides care for musculoskeletal pain through a nationwide clinic network, virtual services, workplace injury-prevention programs, athletic training support, and the ATI CONNECT online physical therapy platform.
Recurring news includes financial results and liquidity actions from its public-company period, debt and convertible-note financing, tender-offer activity, quality ratings under CMS MIPS, clinical-workforce education partnerships, and the completed merger that transitioned ATI from public to private ownership.
Summary not available.
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.