New England Orthotic and Prosthetic System’s (NEOPS) has announced partnership with Summer Street Capital II, LP. Ronald J. Manganiello, current board member of the American Orthotic & Prosthetic Association and formerly Hanger Orthopedic Group chairman and chief executive officer, will continue in his role as chief executive officer of NEOPS. McCarthy C. Hanger, III, CP, will join NEOPS as chief operating officer and a member of the NEOPS board of directors. Hanger will work on various new initiatives including business development and acquisitions.
“Everyone within the NEOPS family is extremely excited about our new relationship with Summer Street Capital. We believe they bring to the table the ideal mix of health care industry knowledge, expertise in growing middle market enterprises and a shared vision for scaling our partnership model with leading clinicians in our markets,” Manganiello said in a press release. “With all the flux occurring in the health care marketplace, NEOPS offers established clinicians an appealing combination of large company efficiencies, systems and contracts, flat organization and infrastructure, and the nimbleness and entrepreneurial spirit of an independent operation. Our goal is to provide our clinician-partners the tools necessary to excel as valued members of the patient rehabilitative team alongside physicians, physical therapists, nurses and other key medical professionals.”