ATI Physical Therapy Transitions to Private Ownership Amid Growth Focus

ATI Physical Therapy Moves to Private Ownership

In a significant transition, ATI Physical Therapy, Inc. has announced its merger with a consortium of existing stockholders, led by Knighthead Capital Management and Marathon Asset Management, effectively taking the company private. This strategic decision comes as a response to the evolving needs of the healthcare market and highlights ATI's dedication to focusing on high-quality patient care while also ensuring operational flexibility.

Details of the Merger

On August 1, 2025, ATI revealed that over 90% of the voting shares had been acquired by this group of private investors. The terms outlined in the merger agreement include acquiring outstanding shares not held by the consortium for a cash price of $2.85 per share. This move is envisioned to enable ATI to operate with enhanced agility, allowing the organization to prioritize its patients and expand its clinic network across the United States.

Sharon Vitti, CEO of ATI, emphasized the beneficial aspects of transitioning to private ownership. “We can now concentrate on investing in our core mission—delivering exceptional care to our patients without the constraints of public company reporting cycles,” she stated. The management team is optimistic about the future, expecting growth through new clinic openings and innovative care delivery methods, which are vital for unlocking value and improving patient experiences.

Insights from the Investors

The merger has received positive remarks from both Knighthead Capital Management and Marathon Asset Management. Andrew Shannahan, Managing Member at Knighthead, acknowledged the superior management and unique value proposition that ATI offers within the physical therapy sector. “We look forward to continuing to partner with ATI to enhance their service delivery and patient care,” he explained.

Randy Raisman, Head of US Opportunistic Credit at Marathon, also expressed confidence in ATI’s leadership, commending their execution over the previous three years. “We are fully committed to supporting the growth and evolution of ATI. We're excited to see how their focused strategies can drive exceptional patient care,” he added.

Future Plans for ATI

As ATI transitions into its new operational phase, it remains committed to maintaining its existing brand identity and leadership structure. The company will keep its headquarters in Downers Grove, Illinois, continuing to serve communities through a nationwide network of clinics dedicated to patient recovery.

The leadership team plans to leverage its resources and experience to enhance service offerings and develop innovative rehabilitation solutions. This new focus is poised to strengthen ATI’s position in the physical therapy industry and ultimately benefit its patients.

In conclusion, ATI Physical Therapy’s move to private ownership represents not only a pivotal moment for the company but is also a strategic shift that could redefine operational capabilities and patient service delivery in the highly competitive healthcare landscape. With its team of experienced clinicians and dedicated management, ATI is set to venture into a promising future backed by private investment.

For more information about ATI Physical Therapy and its services, please visit their official website or contact their media relations team.