Ademi LLP is investigating possible securities fraud claims against ATI (NYSE: ATIP). The investigation results from inaccurate statements ATIP may have made regarding its business operations and prospects.
The investigation focuses on whether ATIP properly disclosed (i) difficulties in retaining and employing physical therapists (ii) increased levels of competition for physical therapists and (iii) decreases in rates driven by a shift from workers compensation and auto personal injury to commercial and government. As a result, ATIP is performing an interim quantitative impairment test to determine whether the fair value amounts are below the respective carrying amounts, which may require that ATIP record a material impairment charge.