Private equity investment company Advent International has agreed to acquire a majority ownership interest in US-based physical therapy provider ATI Physical Therapy from US-based private equity firm KRG Capital Partners, the company said.
ATI's current management team, led by Dylan Bates, will retain a significant minority stake in the company and continue to lead ATI. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to be completed in 2Q16.
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