BOLINGBROOK, Ill., Aug. 9, 2021 /PRNewswire/ -- ATI Physical
Therapy – ("ATI" or the "Company") (NYSE: ATIP), the largest
independent outpatient physical therapy provider in the United States, today announced that
Labeed Diab has stepped down as CEO
and member of the Board of Directors, effective immediately.
John (Jack) Larsen, who has been a
member of the Board since 2018, has been named Executive Chairman
and will take an active role in leading the company along with
Ray Wahl, Chief Operating Officer,
and Joe Jordan, Chief Financial
Officer. ATI intends to conduct a national search for a new CEO
with the assistance of an executive search firm.
"As ATI continues to take actions to serve the growing patient
demand across our platform and sharpen its growth trajectory, the
Board has determined that it is the right time for a leadership
change," said Mr. Larsen. "On behalf of the Board, I want to thank
Labeed for his contributions to ATI during his tenure and wish him
well in the future. Together with Ray, Joe and the rest of the ATI
leadership team, we are moving quickly to implement our strategy to
ensure ATI is the employer of choice for physical therapists
nationwide. We remain confident in the strength of the ATI brand,
our market position and the long-term tailwinds driving demand for
our services. With the support of our Board, leadership and
talented team across the country, ATI will continue to capitalize
on the significant market opportunity ahead while we conduct a
thorough search for ATI's next leader."
The leadership transition does not impact the 2021 earnings
forecast that was announced on July 26,
2021, in connection with the second quarter 2021 earnings
announcement.
About ATI Physical Therapy
At ATI Physical Therapy, we
are passionate about potential. Every day, we restore it in our
patients and activate it in our team members in our approximate 900
locations across the U.S. With outcomes from more than 2.5 million
unique patient cases, ATI is making strides in the industry by
setting quality standards that deliver predictable outcomes for our
patients with musculoskeletal (MSK) issues. ATI's offerings span
across a broad spectrum for MSK-related issues. From preventative
services in the workplace and athletic training support to home
health, outpatient clinical services and online physical therapy
via its online platform, CONNECT™, a complete list of
our service offerings can be found at ATIpt.com. ATI is based in
Bolingbrook, Illinois.
Category: Leadership
Investor Contact:
Joanne
Fong
SVP, Treasurer and Investor Relations
630-296-2222 x 7131
investors@atipt.com
Media Contact:
Clifton O'Neal
Director, Corporate Communications
630-296-2223 x 7993
Clifton.Oneal@atipt.com
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SOURCE ATI Physical Therapy