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Knighthead and Marathon take ATI Physical Therapy private

PRIVATEAug 01, 2025

Acquiring Company

Knighthead Capital Management and Marathon Asset Management

Acquired Company

ATI Physical Therapy

New YorkChicagoFinancial ServicesFinanceVenture CapitalAngel InvestmentHealth 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.

Quick answer

Knighthead Capital Management and Marathon Asset Management is acquiring ATI Physical Therapy, announced August 1, 2025. Knighthead Capital Management and Marathon Asset Management is based in New York, New York, United States.

How much did Knighthead Capital Management and Marathon Asset Management pay for ATI Physical Therapy?
The deal value was not disclosed.
What does Knighthead Capital Management and Marathon Asset Management do?
Knighthead Capital Management and Marathon Asset Management are private investment firms.
Where are Knighthead Capital Management and Marathon Asset Management and ATI Physical Therapy based?
Knighthead Capital Management and Marathon Asset Management is based in New York, New York, United States. ATI Physical Therapy is based in Chicago, Illinois, United States.

Source: Fundz verified event record.

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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.

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Frequently asked

Who acquired ATI Physical Therapy?

ATI Physical Therapy was acquired by Knighthead Capital Management and Marathon Asset Management, based in New York. The deal was reported on August 1, 2025. Knighthead Capital Management and Marathon Asset Management are private investment firms. They specialize in various investment strategies and manage substantial funds. Knighthead Capital Management and Marathon Asset Management is privately held and operates in Financial Services.

When did Knighthead Capital Management and Marathon Asset Management acquire ATI Physical Therapy?

Knighthead Capital Management and Marathon Asset Management's acquisition of ATI Physical Therapy was reported on August 1, 2025. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ATI Physical Therapy do?

ATI Physical Therapy is a nationally recognized provider of outpatient physical therapy and rehabilitation services. With hundreds of clinics across the United States, ATI is committed to clinical excellence and innovative care delivery. It is privately held, operating in Health Care, and is based in Chicago.

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