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  "documentTitle": "ATI Physical Therapy | Investor Presentation Deck | 15 slides",
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  "authorName": "ATI Physical Therapy",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2021-12-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 13,
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  "notes": "Includes footnotes regarding non-GAAP measures and COVID-19 impact on 2018/2019 cohorts.",
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      "kind": "chart",
      "text": "Clinic Contribution by Cohort",
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      "text": "Clinic Revenue by Cohort",
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      "kind": "disclaimer",
      "text": "Note: Excludes co-located clinics within high schools and universities given different unit economics. 1. Clinic Contribution is a non-GAAP financial measure... 2. Represents performance of standalone de novo clinics by build year.",
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      "kind": "list",
      "text": "Clinics are generally located in urban, well-trafficked areas; Average clinic is ~3,100 sq. feet staffed with four clinicians; De novo clinics break even around 8-15 months and take ~24 months to mature; Return initial capital in 12-18 months.",
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      "text": "CapEx (Renovations, Equip.) $250 - 350K; Upfront Losses (1st 6 months) ~$100K; Capex & Losses $350 - 450K; Clinic Contribution at Maturity $150 - 200K; Implied Multiples ~1.5x - 2.7x",
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      "text": "De Novo Unit Economics are Highly Accretive & Predictable",
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