Advent-backed ATI Physical Therapy went public via a SPAC merger with Fortress Value Acquisition II in a $2.5bn deal.

Advent-backed ATI Physical Therapy, a single-branded outpatient physical therapy provider, went public via a SPAC merger with Fortress Value Acquisition II, a special purpose acquisition company, in a $2.5bn deal. "This marks an important milestone for our company, as we build on our accomplishments and seek to accelerate our innovative approach and reach in the growing and critically important physical therapy market. As the largest independent outpatient physical therapy provider in the United States, ATI is known for delivering exceptional customer service and optimized outcomes. ATI is truly grateful that we have team members committed and dedicated to the success of our patients and the organization. Our focus will continue to be providing these professionals the clinical support, training and technology they need to ensure we remain at the forefront of our industry and surpass the expectations of our patients," Labeed Diab, ATI CEO. On June 17, 2021: Advent-backed ATI Physical Therapy and Fortress Value Acquisition II announce approval of the deal.