Mission Statement, Vision, & Core Values of ATI Physical Therapy, Inc. (ATIP)

When you look at a company like ATI Physical Therapy, Inc., you're not just looking at its 2024 net revenue of $753.1 million; you're looking at the core principles that guide a massive, turnaround-focused operation that was taken private on August 1, 2025. Their Mission Statement, Vision, and Core Values aren't just wall plaques-they are the blueprint for how a network of over 850 clinics navigates a challenging healthcare landscape, especially as they secured a critical $26 million financing round in March 2025 to fortify their foundation. Do you know how the five core values-Trust, Patient Care, Excellence, Collaboration, and Innovation-map directly to the operational shifts and clinical capacity increases they are currently executing?

ATI Physical Therapy, Inc. (ATIP) Overview

You need to know the core business and the latest numbers to understand the risk-adjusted opportunity here. ATI Physical Therapy, Inc. is a nationally recognized outpatient physical therapy provider in the United States, not a materials company, which is an important distinction when you look at the tickers.

The company specializes in outpatient rehabilitation and adjacent healthcare services, operating over 850 clinics across 24 states. Their history is rooted in providing convenient access to high-quality care to prevent and treat musculoskeletal (MSK) pain, with a focus on standardized clinical guidelines developed from more than 3 million unique patient cases.

The main product is patient service, which includes a comprehensive array of treatments. Their services range from physical therapy for common issues like spine, shoulder, and knee pain, to specialized programs. They also have a division called ATI Worksite Solutions (AWS) that focuses on preventative services in the workplace. For the year ended December 31, 2024, the company recorded total net revenue of $753.1 million.

• Treat spine, shoulder, knee, and neck injuries.
• Offer work injury rehabilitation, including work conditioning.
• Provide hand therapy and sports medicine support.

Financial Performance: Growth and Liquidity in Focus

The latest financial reports show a company making operational strides despite capital pressures. For the full fiscal year ended December 31, 2024, ATI Physical Therapy's Net Revenue reached $753.1 million, marking a solid 7.7% increase over the prior year. This growth was driven by their main product: net patient revenue, which saw a rise due to higher patient visit volumes and improved net patient revenue per visit.

Here's the quick math on volume: the company reported a total of 6,325,507 patient visits for the year ended December 31, 2024. That's a massive volume of service delivery. In the third quarter of 2024, net patient revenue was $174.7 million, up 7.7% year-over-year, which shows the core business is performing. The operational improvements are also clear in the Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which increased by 28.8% to $12.1 million in Q3 2024 compared to the prior year period.

What this estimate hides, though, is the bottom line. The company reported a Net Loss of $54.0 million for the 2024 fiscal year, though this was an improvement, a decrease in loss of approximately $12.1 million from 2023. To be fair, they are actively managing their financial foundation, securing a $26 million second lien PIK convertible note financing in March 2025 to address near-term liquidity needs. You defintely need to watch their capital structure closely.

ATI Physical Therapy: A Leader in Outpatient Care

ATI Physical Therapy is positioned as one of the largest single-branded outpatient physical therapy providers in the U.S., which gives them a significant advantage in brand recognition and standardized care delivery. This standardized approach, backed by data from millions of patient cases, is a key component of their value proposition to payers and patients alike.

The company's expansive network of clinics-more than 850 locations-allows for broad patient access, a critical factor in the fragmented healthcare market. Their focus on clinician retention and growth, which saw a 3% increase in clinician headcount year-over-year in Q3 2024, is the engine that drives patient visits and revenue growth. This commitment to their people and operations is why they continue to be a dominant force in musculoskeletal care. If you want to dig deeper into the institutional confidence in this model, you should check out Exploring ATI Physical Therapy, Inc. (ATIP) Investor Profile: Who's Buying and Why?

ATI Physical Therapy, Inc. (ATIP) Mission Statement

You're looking for the bedrock of a company's long-term strategy, and for ATI Physical Therapy, Inc. (ATIP), that foundation is their mission statement. It's not just a marketing slogan; it's the operational blueprint that guides capital allocation, clinical hiring, and patient-care protocols across their approximately 900 clinics in 24 states. [cite: 7 from previous search]

The core mission is simple, but its execution is complex: Exploring ATI Physical Therapy, Inc. (ATIP) Investor Profile: Who's Buying and Why? is about understanding how this mission translates into financial performance. It's the difference between a high-volume clinic and one that drives superior outcomes and, crucially, repeat referrals. The mission statement is: To exceed patient expectations by providing the highest quality of care in a friendly and encouraging environment. [cite: 1, 4, 7 from previous search]

Here's the quick math: a focused mission helps reduce patient attrition (churn), which is a major variable in the outpatient physical therapy (PT) business. In a world where the company had to secure a $26 million 8% Second Lien PIK Convertible Note Financing in March 2025 to fortify its financial position, every patient visit counts.

1. Exceeding Patient Expectations

This component is about customer experience and Net Promoter Score (NPS), not just clinical recovery. For a healthcare provider, exceeding expectations means making the entire process - from scheduling to billing to treatment - as frictionless as possible. It's an operational mandate to reduce administrative drag, which is a significant cost center.

The financial impact of this is direct: a better patient experience leads to higher patient adherence to their care plan, which drives visit volume. For the fourth quarter of 2024, ATI Physical Therapy, Inc. was guiding for net revenue between $182 million and $192 million, and hitting the high end of that range defintely depends on patients completing their full course of care.

• Streamline intake forms and billing.
• Ensure convenient clinic locations and hours.
• Use empathetic communication, not jargon.

Honesty, if a patient feels heard and respected, they are more likely to show up for all 12 prescribed sessions. That's a clear revenue driver.

2. Providing the Highest Quality of Care

Quality of care is the non-negotiable core, and ATI Physical Therapy, Inc. backs this up with hard data and third-party validation. This isn't just a subjective claim; it's a measurable standard tied to federal reimbursement rates and clinical credibility.

The company has achieved the 'Exceptional' rating from the Centers for Medicare and Medicaid Services' (CMS) Merit-Based Incentive Payment System (MIPS) for the fifth consecutive year as of November 2024. This rating is crucial because it can make the provider eligible for a bonus on CMS reimbursement rates, directly impacting profitability.

What this commitment hides is the massive data infrastructure required. ATI Physical Therapy, Inc. utilizes a proprietary Patient Outcomes Registry that includes over 10 million patient reported outcomes across 4 million patient episodes. This registry allows them to continuously refine treatment protocols, ensuring their average net patient revenue per visit, which was $109.08 for the year ended December 31, 2024, is justified by superior, data-driven results. [cite: 8 from previous search]

3. Fostering a Friendly and Encouraging Environment

The final pillar addresses the human element of physical therapy. Recovery is tough; it requires motivation, consistency, and a personal connection with the clinician. The 'friendly and encouraging environment' is the cultural moat that helps retain both patients and staff.

This focus is a direct countermeasure to the labor market dynamics and wage inflation that continue to challenge the healthcare sector. High clinician attrition is a major risk, increasing reliance on costly contract labor. By fostering a positive culture, ATI Physical Therapy, Inc. aims to improve clinician retention, which in turn ensures continuity of care and a better patient experience-a virtuous cycle.

The ATI Foundation, which has provided over $4 million in funding to more than 4,500 individuals with physical impairments since 2003, is a concrete example of this value extending into the community. [cite: 7 from previous search] This community engagement and internal culture building are essential to mitigating the risk of a high net loss, which was $54.0 million for the fiscal year ended December 31, 2024. [cite: 8 from previous search] A strong culture is a powerful, non-financial asset in a turnaround situation.

ATI Physical Therapy, Inc. (ATIP) Vision Statement

The core of ATI Physical Therapy, Inc.'s strategy is its Vision: To be the leader in outpatient physical therapy, recognized for clinical excellence, effective outcomes, and a commitment to patients, employees, and the communities we serve. This isn't just a plaque on the wall; it's the operating thesis, especially as the company navigates its transition to being a private entity as of August 2025.

You need to see how that vision maps to the financials, because a mission without margin is just a hobby. The 2024 fiscal year data, the latest full-year numbers we have, shows a business working hard to align its noble goals with its bottom line, reporting net revenue of $753.1 million.

Market Leadership in Outpatient Physical Therapy

Being the 'leader' means scale and reach. ATI Physical Therapy operates one of the largest single-branded networks in the U.S., with 866 clinics across 24 states as of December 31, 2024. That footprint gives them a massive advantage in negotiating with payors and establishing brand recognition, which is defintely a core pillar of their strategy.

Still, market leadership isn't just about clinic count; it's about efficiency. The company is pushing to improve its operational metrics. For instance, the average net patient revenue per visit was around $104 in Q3 2024. To truly lead, they must consistently drive that number up while managing their largest cost-salaries and related costs, which hit $417.7 million in 2024. That's a tight rope walk: pay therapists competitively to retain talent, but keep costs in check to improve the operating margin.

• Scale matters for payor negotiations.
• Efficiency drives the revenue per visit.
• Talent retention is the biggest variable cost.

Recognized for Clinical Excellence and Effective Outcomes

The Vision ties 'leadership' directly to 'clinical excellence' and 'effective outcomes.' This is where the Mission Statement-To exceed patient expectations by providing the highest quality of care in a friendly and encouraging environment-comes into play. It's a value-based care focus, meaning better patient results should translate into lower long-term healthcare costs for payors, which is the ultimate goal in the U.S. system.

In 2024, ATI Physical Therapy reported 6,325,507 patient visits. Each one of those visits is a chance to prove their core values of Patient Care and Excellence. The clinical team uses evidence-based care, which is a non-negotiable in modern physical therapy. If they can demonstrate superior outcomes, they get preferred network status, which is the real prize. For a deeper look at who is betting on this turnaround, you should read Exploring ATI Physical Therapy, Inc. (ATIP) Investor Profile: Who's Buying and Why?

Commitment to Patients, Employees, and Communities

This final piece of the Vision covers the key stakeholders. A commitment to employees is critical because the physical therapy market is labor-intensive. The company observed stabilization in retention levels during 2024, a positive sign in a tight labor market. High turnover kills quality and inflates costs.

The commitment to the community is embodied by the ATI Foundation, a 501(c)(3) charity that provides funding to individuals with physical impairments. While this is a small part of the overall operation, it reinforces the core values of Trust and Collaboration. The challenge is maintaining this commitment while improving financial health. The company did manage to cut its net loss from $66.1 million in 2023 to $54.0 million in 2024, showing progress in cost management, but it's still a net loss. Here's the quick math: a $2.3 million operating income in 2024, up from a loss the year before, shows the clinical operations are starting to work, but the debt and corporate structure expenses are still dragging the net income down.

The focus on Innovation as a core value also supports this commitment, pushing them toward things like tele-physical therapy and remote monitoring, offering more convenient options for patients.

ATI Physical Therapy, Inc. (ATIP) Core Values

You want to understand the real drivers behind ATI Physical Therapy, Inc.'s strategy, especially after their transition to private ownership in August 2025. The core values-Trust, Patient Care, Excellence, Collaboration, and Innovation-aren't just posters on a wall; they are the framework for their operational and financial decisions. This shift to private equity backing, led by firms like Knighthead Capital Management and Marathon Asset Management, means the company can now focus its capital and attention on these long-term values without the pressure of quarterly public reporting.

The goal is simple: to execute their mission, which is to exceed patient expectations by providing the highest quality of care in a friendly and encouraging environment. Everything you see in their 2025 initiatives maps back to this. If you want a deeper dive into the numbers that support this long-term view, you should check out Breaking Down ATI Physical Therapy, Inc. (ATIP) Financial Health: Key Insights for Investors.

Trust

Trust is the foundation of any successful healthcare relationship, and for ATI Physical Therapy, it extends to patients, partners, and employees. This value is upheld through financial stability and transparent governance. For instance, in March 2025, the company secured a $26 million 8% second lien PIK convertible note financing. This move was explicitly aimed at fortifying their financial foundation, which is a critical step in maintaining the trust of their payors and partners by ensuring long-term operational viability.

Honesty, this financial move is about showing stakeholders they are serious about the long game.

• Secured $26 million in March 2025 for stability.
• Commitment to ethical conduct via a comprehensive Code of Conduct.
• Empowering all team members to make decisions that protect the company's reputation.

Patient Care

The core of the business is patient care, and ATI Physical Therapy backs this value with measurable outcomes and a wide-reaching network. The company is one of the largest outpatient physical therapy providers, operating approximately 866 clinics across 24 states as of late 2024. This scale allows for standardized, evidence-based care across the platform.

The company leverages data from over 3 million unique patient cases to develop quality standards and drive predictable, impactful patient outcomes. For the year ended December 31, 2024, net patient revenue per visit stood at $109.08, a key metric that reflects the value delivered per session and the company's focus on effective, patient-centric treatment plans. They are defintely focused on getting people back to an active life.

Excellence

Excellence in a service business like physical therapy means investing in the people who deliver the care. The tight labor market for physical therapists is a known risk, so ATI Physical Therapy has been aggressive in its talent strategy. Salaries and related costs for the year ended December 31, 2024, rose to $417.7 million, an increase of 9.3% compared to the prior year, demonstrating a significant financial commitment to attracting and retaining high-quality clinicians.

Here's the quick math: higher labor costs mean better-staffed clinics, which leads to better patient care. This investment is crucial for maintaining clinical excellence and effective outcomes, which is part of their stated vision.

• Increased salaries and related costs by 9.3% in 2024.
• Observed stabilization in clinician retention levels during 2024.
• Partnered with Tufts University to expand access to physical therapy education (Feb 2025).

Collaboration

Collaboration is essential in healthcare, extending beyond the clinic walls to educational institutions and the community. In February 2025, ATI Physical Therapy announced a collaboration with Tufts University School of Medicine. This initiative aims to make physical therapy education and career advancement more accessible and affordable, directly addressing the growing demand for highly trained physical therapists.

But collaboration is also about community. Through the ATI Foundation, a 501(c)(3) charity, the company assists children and families in the communities they serve by providing funding for individuals with physical impairments. This commitment to the community is a clear, tangible expression of their values beyond patient revenue.

Innovation

Innovation in physical therapy is less about a single cure and more about optimizing the patient journey and clinical delivery. In April 2025, ATI Physical Therapy launched a new technology-enabled platform. This digital investment is designed to improve patient access, engagement, and outcomes, streamlining the process from initial consultation to post-rehabilitation follow-up.

The move to private ownership in August 2025 is itself an innovation in corporate structure, allowing the company to operate with greater agility and a long-term focus, enabling sustained investment in these types of technology platforms. They are using this new structure to better serve their communities through growth and innovation.