ATI Physical Therapy completes merger to go private
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2025
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Merger Announcement: ATI Physical Therapy has completed a merger led by Knighthead Capital Management and Marathon Asset Management, taking the company private with over 90% of voting shares involved.
Shareholder Compensation: Non-participating shareholders will receive $2.85 per share in cash, while the company will maintain its headquarters in Downers Grove, Illinois, and continue under its current brand and leadership.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





