Hanger completes acquisition

Hanger Inc., completed the acquisition of 16 patient care companies comprising clinics in 15 states with annualized revenue of $35.6 million in 2012.

According to a press release, the acquisitions included OrPro, Inc., Orthotic & Prosthetic Technologies Inc., Innovative Prosthetic Care Inc., MS Artificial Limb & Brace LLC, Innovative Prosthetic Care Tupelo LLC, Orthopedic Associates of Grand Rapids PC, Genesis Medical Group LLC, Gadsden Limb & Brace Inc., Coosa Valley Limb & Brace LLC, Northeast Alabama Prosthetics and Orthotics LLC, AKBK Inc. dba Crockett Prosthetics and Orthotics, Missoula Orthotics & Prosthetics Laboratories Inc., Karsten Prosthetic Laboratories Inc., Alpine Prosthetics & Orthotics LLC, Parr Prosthetics & Orthotics LLC, and Nordlie Enterprises Inc. dba Premier Medical.

“We are pleased to welcome these great companies and their over 150 dedicated clinicians and staff to the Hanger team. We have exceeded our goal to acquire sales of approximately $20 million in 2012. Our pipeline of transactions remains healthy and it is still possible for one or more additional acquisitions to close before year end,” Vinit K. Asar, president and chief executive officer of Hanger, stated in the release.

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