BETHESDA, Md., June 22 /PRNewswire-FirstCall/ — Hanger
Orthopedic Group, Inc. (NYSE: HGR) announced that it continues to expand its
geographic presence with the acquisition of Dynamic Orthotics
and Prosthetics of Texas, Nebraska
Orthotic and Prosthetic Services, and Spectrum Prosthetics and
Orthotics of Iowa. The
companies operate 10 offices with annual revenues of $14.0 million.
“These companies are leaders in their communities with high
quality practitioners. They will greatly strengthen our presence
and provide a base for future growth together,” commented Thomas F. Kirk, President and Chief
Executive Officer of Hanger Orthopedic Group. Mr. Kirk added,
“As part of our growth strategy, we continue to identify premier
service providers in strategic areas to complement our existing
patient care centers.”
Hanger Orthopedic Group, Inc., headquartered in Bethesda, Maryland, is the world’s
premier provider of orthotic and prosthetic patient care services.
Hanger is the market leader in the United
States, owning and operating 678 patient care centers in 45
states and the District of
Columbia, with more than 3,700 employees, including 1,110
practitioners, as of March 31, 2010.
Hanger is organized into four units. The two key operating
units are patient care, which consists of nationwide orthotic and
prosthetic practice centers, and distribution, which consists of
distribution centers managing the supply chain of orthotic and
prosthetic componentry
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