DENVER--(BUSINESS WIRE)--ATI Physical Therapy Holdings, LLC (“ATI”), a leading provider of comprehensive outpatient rehabilitation services and a KRG Capital Partners’ (“KRG”) Fund IV portfolio company, has completed three acquisitions year-to-date 2013, adding Michigan and Tennessee to ATI’s ten state footprint. ATI acquired two Michigan-based outpatient rehabilitation practices, SCP Physical Therapy, LLC (“MRS”) and Dwight Orthopedic Rehabilitation (“Dwight”), with 29 clinics and 22 clinics, respectively, and North River Physical Therapy (“North River”), an eight clinic, Tennessee-based outpatient physical therapy provider.
“ATI successfully entered several new markets in 2013 by partnering with top providers. These partnerships will serve as the anchors in these new markets as ATI continues to demonstrate impressive growth across its expanding geographic footprint,” said KRG Managing Director Steve Neumann.
“KRG has been an integral partner in assisting in strategic direction and providing execution assistance for these transactions,” said Greg Steil, ATI’s Chief Executive Officer.
KRG made an investment in ATI in December 2012. ATI has completed five acquisitions since December 2012. KRG has now completed 188 acquisitions since its inception.
About ATI: ATI Physical Therapy is a provider of orthopedic rehabilitation services, specializing in physical therapy, work conditioning/hardening, hand therapy, aquatic therapy, sports medicine, and women’s health. Headquartered in Bolingbrook, IL, the company operates more than 290 clinics in 10 states: Illinois, Indiana, Wisconsin, Michigan, Ohio, Maryland, Pennsylvania, Delaware, Georgia and Tennessee. For more information on ATI, please visit www.atipt.com.
About KRG Capital Partners: Founded in 1996, KRG is a Denver based private equity buyout firm with $4.4 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 45 platform companies and has completed 143 add-on acquisitions for those platforms. For more information on KRG, please visit www.krgcapital.com.