Recent Transactions
Olympic Physical Therapy, founded 1982
Ken Cole I 9-clinic practice in Puget Sound area, Washington I Email Ken.Cole@atipt.com
I am very excited about the future with ATI and the opportunities for our staff from the former Olympic Physical Therapy team. I can't say enough about how impressive the ATI corporate office is, and how welcoming all employees were when the former Olympic Management team visited Chicago. Everyone knew who we were, and the energy was high with smiling faces and engaging conversations.
The positive energy started on a rainy evening in Seattle when we first met with the Acquisition Team led by Dylan Bates. It was as exciting then as it is now. ATI's culture is welcoming and flexible, allowing us to keep business as usual. Our staff likes the fact they are listened to, and their needs and suggestions have been honored. I don't know of any large company who could be so accommodating to a group of strongwilled leaders and partners as they have been for the former Olympic Physical Therapy team.
The caring and sharing environment that the transition team has shown energizes us to push to the next level. It is so important to be with a group that can “make you better,” “do the right thing for everyone,” and “create raving fans” along the way. These were Olympic Physical Therapy's Core Values. They are being honored as we move forward in round two!
I have been in physical therapy since 1996, and can't say I have ever heard a transition story like this one. Our opportunities to expand our business are now multiplied by 472 times. With ATI, we have opportunities to grow best business practices on a large scale and exchange clinical expertise.
After only six weeks, we have already started the business development of Residency and Fellowship integration process. We are very excited about what the future holds in Private Practice and being with ATI. Together, we will be life changing
Proaxis Physical Therapy, founded 1995
Sean McEnroe I 30-clinic practice in Colorado, North Carolina and South Carolina I Email Sean.McEnroe@atipt.com
Proaxis Therapy joined ATI in late May 2015. Our team has been encouraged to keep what we needed to be authentic and consistent with what we loved about our last 15 years. At the same time, the ATI team gives us more to work with every day. It is truly the right blend of keeping what works, while making things better.
I have a few stories about becoming a part of ATI. One of our “nontechie” clinic directors runs a set of clinics that has doubled in size in the past year. He is frequently pressured to keep up with the growth, and is always looking for ways to help therapists spend more time in front of patients and less time wasting energy elsewhere. He personally learned the new software system in a day. After his first week, he could finish four evals in the time it took him to complete one on the prior system. He is now the loudest advocate for the change to better systems. Huge win!
In June, the payroll changed for all of our team. As with any change, there were some administrative frustrations. The ATI team was 100% on it as soon as they learned of the situation. ATI’s HR Department flew to our clinics and immediately held town hall meetings. Checks and other important documents were over-night mailed to people’s homes. This was the real deal – ATI knows how to gain people’s trust and keep the focus on moving forward.
In the end, we joined ATI for the future. We now have the infrastructure and support to achieve our goal of being the world’s best PT company. We are in conversations with local acquisitions. We are using the clinical pathways, technology and contracting strength to have more meaningful relationships with payors. The big changes of CMS are no longer threats, but opportunities for our team.
Being a part of ATI has opened doors to conversations and projects that we could never have when we were only 30 clinics in three states. With the current speed of change in healthcare, we are excited about being on a team that not only keeps up, but leads the way.
Matt Smith Physical Therapy, founded 1984
Matt Smith I 12-clinic practice in Las Vegas, Nevada I Email Matt.Smith@atipt.com
No question, the due diligence process was very intense, but it’s a testament to the commitment to detail this company has in not only getting acquisitions done today, but also building a strong foundation for the future. I have been through the merger and acquisition process in the past; however, I’ve never experienced such a high level of professionalism, not only from the ATI executive team, but also from their auditing, legal and compliance partners.
ATI is very respectful of the regional businesses they acquire in terms of culture assimilation and gradual integration for a singular purpose, team and family. I don’t use the words “team” and “family” lightly, but they have truly earned my respect and commitment.
As we move into the next evolution of healthcare delivery it’s very comforting to know that we are at the forefront. ATI has the resources, passion, commitment and vision to take us all to that next platitude in our profession.