Hanger Inc. has acquired four patient care companies in 2013 comprising nine clinics in six states with a combined annualized net revenue of approximately $10 million.
The acquisitions are East Coast Orthotics Inc.; Nascott Inc.; Keller’s Limb & Brace Inc., dba Snell’s of Jackson; and Development & Research Inc., dba San Juan P&O.
“We are pleased to welcome these great companies and their over 60 dedicated clinicians and staff to the Hanger team,” Vinit K. Asar, president and chief executive officer of Hanger, stated in a press release. “We are halfway to meeting our 2013 goal to acquire annualized sales of approximately $20 million. Our pipeline of transactions remains healthy.”
Disclosure: Asar is president and chief executive officer of Hanger Inc.