ATI Physical Therapy Goes Private

ATI Physical Therapy, Inc., which offers outpatient physical therapy and rehabilitation services, announced that a consortium of existing stockholders, holding over 90% of the voting shares and led by private investment firms, Knighthead Capital Management and Marathon Asset Management, completed a merger to take the company private. As a result of the merger, shares not held by this group of stockholders will be acquired for $2.85 per share in cash, according to the announcement.;

The merger will allow ATI to operate with greater agility and long-term focus, while continuing to deliver high-quality, consumer-centered care across . . .