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

August 13, 2019

Global Cranial Orthoses Market Outlook 2019-2023 with Becker Orthopedic, Boston Orthotics & Prosthetics, Cranial Technologies, Hanger, Orthomerica Products, and Scheck & Siress Prosthetics Dominating - ResearchAndMarkets.com

PR Newswire

August 7, 2019

The global cranial orthoses market at a CAGR of more than 8% during the forecast period

Business Wire

August 7, 2019

Hanger Reports Second Quarter 2019 Financial Results

SEC

August 7, 2019

Hanger, Inc. filed form 10-Q

Business Wire

July 12, 2019

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

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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

Deanna Fish

Chief Clinical Officer

James H. Campbell

Chief Clinical Officer & Senior Vice President

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.

Vinit K. Asar

President & Chief Executive Officer at Hanger, Inc.

Cynthia L. Lucchese

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

Stephen E. Hare

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

Kathryn M. Sullivan

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

Asif Ahmad

Chief Executive Officer at Dimensional Dental Management LLC

Thomas P. Cooper

Founder at VeriCare Management, Inc.

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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 a presence in US. The firm 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

Hood River Capital Management LLC

Hood River Capital Management focuses on small market-cap equity growth opportunities. The firm seeks long-term capital appreciation by investing in stocks with market-cap below $3 billion which exhibit strong growth characteristics and attractive valuation relative to underlying profitability. Their portfolios typically consist of 60 to 120 equities which are each limited to 5% of the total portfolio value at cost. Hood River also monitors sector concentrations and generally limits these to no more than a 15 percentage point difference from the weightings in the Russell 2000 Growth Index at the time of purchase.

Recent Transactions

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.

Details Hidden

Hanger, Inc. purchases Prosthetic Laboratories of Rochester, Inc.

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

$651M

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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