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ATI Physical Therapy reports Q4 revenue $161.8M, consensus $162.66M
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ATI Physical Therapy reports Q4 revenue $161.8M, consensus $162.66M

Q4 adjusted EBITDA was $6.4M vs. ($0.4M) in 3Q22 and $1.6M in 4Q21. "2022 was an important year of transformation for ATI as we completed a full refresh of our corporate leadership team, adding four seasoned executives – including two in the fourth quarter – with extensive experience in the healthcare sector," said CEO Sharon Vitti. "I am also pleased that we met our 2022 revenue and Adjusted EBITDA updated guidance. As we head into 2023, demand for physical therapy remains strong, underscoring the relevance of our central mission to deliver high quality care and service to our patients. During Q4, our provider teams maintained their focus on meeting the needs of our patients, which drove a recent high for clinician productivity for the period. Importantly, this momentum has continued into the new year, with January and February 2023 patient visits per clinical FTE per day also among historical highs. We also incrementally grew our provider base in the quarter, despite a continuing tight labor market, and our referral pipeline is now back to pre-pandemic levels. We look forward to building on this favorable start to 2023 as we continue executing on our strategic initiatives and delivering value to our patients, shareholders and other stakeholders."

Published first on TheFly

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