#United States #Tender Offer #Downers Grove #Class A Shares #ATI Physical Therapy

ATI Physical Therapy Terminates Tender Offer

On January 16, 2025, ATI Physical Therapy, Inc. (OTCMKTS: ATIP), a leading provider of outpatient physical therapy services in the United States, announced the termination of its tender offer to buy up to 1,650,000 shares of its Class A common stock. The decision to end the tender offer was made after it became clear that the conditions outlined in the Offer to Purchase document dated December 17, 2024, were not met.

Details of the Tender Offer

The tender offer aimed to purchase shares at a price of $2.85 each. However, a crucial condition known as the Minimum Condition required a minimum of 1,565,000 shares to be validly tendered without withdrawal to proceed with the offer. Unfortunately, this requirement was not satisfied, which led to the formal termination of the offer. As a result, no shares will be bought and no payment will be made for shares that were tendered by shareholders.

This announcement serves as a formal notice of termination for the tender offer, which was conducted based on the specified terms and conditions outlined in the Offer to Purchase document. It is important to note that this press release is solely for informational purposes and does not constitute an offer to buy or a solicitation to sell any securities.

Shareholder Communication

ATI Physical Therapy urges shareholders with questions about the tender offer to reach out to the information agent, Innisfree MA Incorporated, by calling (888) 750-5835, a toll-free number. The company emphasizes its commitment to transparency and aims to keep its stakeholders informed.

About ATI Physical Therapy

ATI Physical Therapy operates over 850 locations across 24 states, offering comprehensive outpatient care. The company is dedicated to making every life an active life by providing accessible, quality services to prevent and treat musculoskeletal pain. With a robust platform that supports standardized clinical practices, ATI aims to foster predictable and impactful patient outcomes. Since its inception, ATI has managed over 3 million unique patient cases, utilizing best practices to meet the health needs of its clientele.

In addition to in-person services, ATI offers online physical therapy through its CONNECT™ platform, reflecting its adaptability and commitment to patient care in the digital age. The company’s mission is to deliver high-quality, convenient access to necessary medical services for the wider community.

For more details about their services and offerings, stakeholders are encouraged to visit ATIpt.com.

Conclusion

The termination of this tender offer marks a significant moment in ATI Physical Therapy's corporate developments. While the unmet conditions have led to this point, the company remains focused on its core mission of improving physical health and wellness in the community. As it navigates these challenges, ATI continues to prioritize its dedication to quality patient care and operational excellence.