Professional
Added to YB: 2021-07-15
Pitch date: 2021-07-15
ATIP [bullish]
ATI Physical Therapy, Inc.
-99.83%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
ATI Physical Therapy, Inc. operates as an outpatient physical therapy provider that provides outpatient rehabilitation and adjacent healthcare services through its clinics in the United States.
Market Cap
$3.0M
Pitch Price
$404.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.01
P/E
-0.03
EV/Sales
1.33
Sector
Health Care Providers and Services
Category
special_situation
1 Main Holdings top position: ATI Physical Therapy (ATIP)
ATIP/WS: Largest US physical therapy provider w/ 800+ clinics. Aging population & preventative care driving demand. New clinics pay back in 13mo w/ $175K mature EBITDA. SPAC merger reduced debt to 2.6x EBITDA allowing growth investment. Sells at 12x 2022 EBITDA vs peer USPH at 20x+. Warrants <$2 offer multi-bagger return potential as EBITDA grows and multiple expands.
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