ATI Physical Therapy completes merger to go private

ATI Physical Therapy (ATIP) 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. ATI will remain headquartered in Downers Grove, Illinois, and continue to operate under its current brand and leadership team. Stockholders will receive formal notice relating to the merger in the coming days.