ATI Physical Therapy Inc (N:ATIP)
Business Focus: Healthcare Facilities & Services
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 790 Remington Boulevard BOLINGBROOK IL 60440 |
| Tel: | 1-630-2962222 |
| Website: | https://www.atipt.com |
| IR: | See website |
| Key People | ||
| John L. Larsen Executive Chairman of the Board | Sharon Vitti Chief Executive Officer, Director | Joseph Jordan Chief Financial Officer |
| Chris Cox Chief Operating Officer | Emile Tansey Chief People Officer | Scott Gregerson Chief Growth Officer |
| Augustus Oakes Chief Information Officer | Erik Kantz Chief Legal Officer, Corporate Secretary | |
| Business Overview |
| ATI Physical Therapy, Inc. is a healthcare company. The Company is an outpatient physical therapy provider in the United States. The Company specializes in outpatient rehabilitation and adjacent healthcare services, with 896 clinics located in 24 states. It offers a variety of services within its clinics, including physical therapy to treat spine, shoulder, knee and neck injuries or pain; work injury rehabilitation services, including work conditioning and work hardening; hand therapy, and other specialized treatment services. It provides services through its ATI Worksite Solutions (AWS) program, Management Service Agreements (MSA), and Sports Medicine arrangements. Its AWS is an on-site service that provides customized cost-saving injury prevention programs, work-related injury assessment services, wellness offerings and consultations for employers. Its MSA arrangements provide management and physical therapy-related services to physician-owned physical therapy clinics. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, ATI Physical Therapy Inc revenues increased 10% to $699M. Net loss applicable to common stockholders decreased 73% to $132M. Revenues reflect Net patient revenue increase of 10% to $636.1M, Other revenue increase of 5% to $62.9M. Lower net loss reflects Goodwill and intangible asset impairment decrease of 99% to $5.6M (expense), Provision for doubtful accounts decrease of 19% to $11.3M (expense). |
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