Hanger, Inc.

Overview

Date Founded

1988

Headquarters

10910 DOMAIN DRIVE, SUITE 300, AUSTIN, TX, 78758

Type of Company

Public

Employees (Worldwide)

4,600

Industries

Hospitals & Patient Services
Wholesale: Medical Supplies & Pharmaceuticals
Medical Products & Equipment

Company Description

Hanger, Inc. provides orthotic and prosthetic patient care products and services. It operates through the following segments: Patient Care and Products & Services. The Patient Care segment comprises of the Hanger Clinic, Cares, Dosteon, other O&P businesses and its contracting network management business. The Products & Services segment engages in the distribution business, one of the largest distributors of O&P products in the United States, and rehabilitative solutions business. Hanger was founded by James Edward Hanger in 1861 and is headquartered in Austin, TX.

Website

http://www.hanger.com

Contact Data

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In The News

Business Wire

January 9, 2020

Hanger Announces Dates of 2019 Fourth Quarter Earnings Release and Conference Call

Business Wire

December 11, 2019

Global Orthopedic Prosthetics Market Report 2020: Focus on Conventional Orthopedic, Electric-Powered Orthopedic, Hybrid Orthopedic Prosthetics - ResearchAndMarkets.com

Business Wire

November 12, 2019

Hanger to Present at Upcoming Investor Conferences

Business Wire

November 7, 2019

Hanger Reports Third Quarter 2019 Financial Results

SEC

November 7, 2019

Hanger, Inc. filed form 10-Q

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Executives & Employees

Vinit K. Asar

President & Chief Executive Officer

Thomas E. Hartman

Senior Vice President, General Counsel & Secretary

C. Scott Ranson

Executive Vice President, Corporate Services & Chief Information Officer

Gabrielle B. Adams

Vice President & Chief Accounting Officer

Keri Jolly

Senior Vice President & Chief Human Resources Officer

Samuel M. Liang

President, Hanger Clinic, Patient Care

Rebecca Hast

Senior Vice President-Strategic Initiatives

Thomas E. Kiraly

Executive Vice President & Chief Financial Officer

Richard A. Stein

Chief Financial Officer & Executive Vice President

Deanna Fish

Chief Clinical Officer

Board of Directors

Christopher B. Begley

Chairman at US Education Corp.

Thomas C. Freyman

President at Abbott Laboratories (Puerto Rico), Inc.

John T. Fox

President & Chief Executive Officer at Beaumont Health

Richard R. Pettingill

Former President & Chief Executive Officer at Allina Health System, Inc.

Cynthia L. Lucchese

Member-Deans Council at Indiana University - Kelley School of Business

Kathryn M. Sullivan

Former President & Chief Executive Officer at Blue Cross and Blue Shield of Louisiana

Stephen E. Hare

Former Executive Vice President & Chief Financial Officer at Office Depot, Inc.

Asif Ahmad

Chief Executive Officer & Director at Dimensional Dental Management LLC

Tom Cooper

Senior Advisor, Growth Buyout Team at Frazier Healthcare Partners

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Hanger, Inc.

Owners & Shareholders

Details Hidden

SCW Capital Management LP

SCW Capital Management LP is an American private company located in Dallas, TX, with operations in the United States, that provides investment advice. It was founded in 2014 by Gordon Stacy Smith.

Details Hidden

Courage Capital Management

Courage Capital Management employs the following investment strategies: (1) arbitrage transactions including event-driven arbitrage, capital structure arbitrage and convertible arbitrage (2) buy and hold (3) value and event-driven equity investment strategies across the spectrum of market-caps (4) growth equities (5) hedging (6) option trading (7) relative value and (8) short selling.

Details Hidden

Cannell Capital

Cannell Capital employs fundamental, bottom-up research to make investment decisions. In general, the firm utilizes a strategy that focuses on investing long/short in the equities publicly traded, generally small-cap located primarily in North America. Cannell Capital is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Recent Transactions

Details Hidden

Hanger, Inc., Hanger Prosthetics & Orthotics, Inc. purchase Boas Surgical, Inc.

Details Hidden

Hanger, Inc., Hanger Prosthetics & Orthotics West, Inc. purchase Valley Orthopedic, Inc.

Details Hidden

Hanger, Inc., Hanger Prosthetics & Orthotics, Inc. purchase Shields Orthotic Prosthetic Services, Inc.

Insider Transactions

Details Hidden

James H. Campbell

Details Hidden

Gabrielle B. Adams

Details Hidden

Thomas E. Kiraly

Transaction Advisors

Legal Advisor

Foley & Lardner LLP

Advised onHanger, Inc. purchases Accelerated Care Plus Corp. from Comvest Partners, Inc.

Accountant

Coopers and Lybrand LLP

Advised onHanger, Inc. purchases NovaCare Orthotics & Prosthetics, Inc. from NovaCare, Inc.

Auditor

PricewaterhouseCoopers LLP

Advised onHanger, Inc. issued Common Stock

Advisors & Consultants

Legal Advisor

Patricia J. Lane

Partner at Foley & Lardner LLP

Clients

Government of the United States of America

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Key Stats and Financials As of 2018

Market Capitalization

$1.04B

Total Enterprise Value

$1.11B

Earnings Per Share

$-0.02

Revenue

$1.05B

Net Profit

$-860K

EBITDA

$94.1M

EBITDAMargin

8.97%

Total Debt

$511M

Total Equity

$-21.9M

Enterprise Value Sales

1.06x

Enterprise Value EBITDAOperating

11.82x

TEVNet Income

-1,296.33x

Debt TEV

0.46x

Three Year Compounded Annual Growth Rate Of Revenue

-0.58%

Five Year Compounded Annual Growth Rate Of Revenue

0.04%

Non-Profit Donations & Grants

$10K - $20K

2012

Amputee Coalition of America

$1,000 - $4,999

2011

TLC Learning Center

$10K - $20K

2011

Amputee Coalition of America

Political Donations

$2,500

2011

Joseph R. Straus III

$250

2009

Robert J. Garagiola

$2,000

2009

Thomas McLain Middleton

Suppliers

Coupa Software, Inc. Accounting & Financial Services | San Mateo, CA

Coupa Software, Inc. engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company's business spend. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

Open Bionics Ltd. Holding Companies | Bristol, GO

Open Bionics Ltd. develops open source 3D printed bionic hands for amputees. The company was founded by Joel Gibbard and Samantha Payne in 2014 and is headquartered in Bristol, the United Kingdom.

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