M&A TRANSACTION · 2025
ATI Physical Therapy acquired by Knighthead Capital Management / Marathon Asset Management Consortium
$522.2M· Physical Therapy
Target
ATI Physical Therapy
Bolingbrook, IL
One of the largest outpatient physical therapy providers in the United States with nationwide clinic network
ATI Physical Therapy acquisition profile →Acquirer
Knighthead Capital Management / Marathon Asset Management Consortium
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$746.0M
EBITDA
$46.7M
Deal Value
$522.2M
What's your physical therapy worth today?
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Context
This $522.2M acquisition of ATI Physical Therapy by Knighthead Capital Management / Marathon Asset Management Consortium sits in the physical therapy sub-vertical. Run a valuation for your own physical therapy business via our Physical Therapy valuation hub. Knighthead Capital Management / Marathon Asset Management Consortium is acquiring as a private equity buyer; see how PE acquirers typically price physical therapy businesses on our Physical Therapy PE buyer-pool page.
Source
Data sourced from PRNewswire / Company Press Release - primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
Value your own physical therapy
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Compare your business to the ATI Physical Therapy acquisition.
More on physical therapy valuations
- Value a medical practice
- Value a dental practice
- Value a veterinary practice
- Value a physical therapy· run the calculator
- Physical Therapy median multiples· real-deal benchmarks
- Who buys physical therapy businesses?· active buyers
- Who acquired Industrial Injury Prevention Company?· buyer profile
- How to value a physical therapy· long-form guide