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Knighthead and Marathon take ATI Physical Therapy private

Aug 01, 20255 months ago

Acquiring Company

Knighthead Capital Management and Marathon Asset Management

Acquired Company

ATI Physical Therapy

New YorkChicagoAngel InvestmentVenture CapitalFinanceFinancial ServicesHealth Care

Description

ATI Physical Therapy, Inc. has announced its transition from public to private ownership through a merger led by Knighthead Capital Management and Marathon Asset Management. The acquisition involves existing stockholders who will take control of the company, purchasing shares for $2.85 each. This change aims to enhance operational flexibility and focus on long-term growth while continuing high-quality patient care. ATI will remain headquartered in Downers Grove, Illinois.

Company Information

Company

Knighthead Capital Management and Marathon Asset Management

Location

New York, New York, United States

About

Knighthead Capital Management and Marathon Asset Management are private investment firms. They specialize in various investment strategies and manage substantial funds. Their focus includes supporting growth and operational flexibility for acquired companies. They aim to unlock significant value for investors.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed