Core Insights - ATI Physical Therapy has transitioned from public to private ownership through a merger led by Knighthead Capital Management and Marathon Asset Management, with over 90% of voting shares involved [1][2] - The acquisition price for shares not held by the consortium is set at $2.85 per share in cash [1] - The move to private ownership is expected to enhance ATI's operational flexibility and long-term growth while maintaining a focus on patient care [2][4] Company Strategy - The merger will enable ATI to operate with greater agility and a long-term focus, allowing for continued delivery of high-quality, patient-centered care across its clinic network [2] - The management team, recognized for its excellence, will continue to receive support from the investment firms to grow the business organically and through new clinic openings [3] - The CEO of ATI emphasized that returning to private ownership will allow the company to focus on patients and partners without the constraints of quarterly reporting cycles, ultimately strengthening its service to communities [4] Company Background - ATI Physical Therapy is a leading provider of outpatient physical therapy and rehabilitation services, with hundreds of clinics across the United States [5] - The company is committed to clinical excellence and innovative care delivery, helping patients through evidence-based treatment and personalized plans [5]