Are fast-growing physical therapy chains ripe for an IPO?

Physical therapy clinics have popped up on just about every street corner around metro Chicago lately, it seems. Those ubiquitous ATI and Athletico banners, in fact, signal that two big local companies are growing fast to dominate the business, leading to speculation about what each can do for an encore.

Some dealmakers believe they could be ripe for public offerings of stock. If so, their stories certainly would impress Wall Street.

Ryan Buckley, partner and co-head of Livingstone’s U.S. healthcare practice, spoke with Crain’s Chicago about fast-growing physical therapy chains, Athletico and ATI, that have experts talking about the potential for IPO.

“For some of these big players, it will make sense to pursue an IPO in the future,” commented Buckley.

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