GTCR has acquired ATI Physical Therapy

Livingstone is pleased to announce that GTCR, the Chicago-based private equity firm, has announced an investment in ATI Holdings, LLC, a major provider of physical therapy and operator of outpatient rehabilitation clinics.

ATI provides comprehensive outpatient rehabilitation services through 88 clinics across Illinois, Wisconsin, Delaware, Maryland and Pennsylvania. Founded in 1996, ATI offers a full-suite of customized treatment therapy programs that incorporate the most effective elements of physical therapy, exercise physiology and athletic training. ATI has earned a reputation with patients, physicians, insurers and employers for providing high quality therapy services with superior patient recovery outcomes.

“ATI’s track record of growth, along with its ability to provide the best outpatient rehabilitation services, makes this an exciting investment for GTCR,” said David Katz, Principal at GTCR. “ATI fits nicely with our historical focus on high quality, cost-effective healthcare providers. As we have done with ATI, we will continue to partner with proven leaders.”

Greg Steil, CEO of ATI, adds “The story of ATI is just beginning. With this investment, we are poised to do great things. GTCR’s deep healthcare expertise will help us achieve our strategic vision of continued growth and success, building upon the strength and stability we have already achieved.”

GTCR focuses on investing in growth companies in the Healthcare, Financial Services & Technology, and Information Services & Technology industries and has invested more than $8 billion in over 200 companies since 1980.

Livingstone acted as financial advisors to GTCR. David Sulaski, Partner at Livingstone Chicago, commented: “We have been great admirers of the ATI management team for many years and saw an immediate fit between their vision for the business and GTCR’s investment philosophy. This deal offers further evidence of the success of our Healthcare sector team’s coverage across the US and Europe.”