Hanger Orthopedic Group 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 $14m.
Thomas Kirk, president and chief executive officer of Hanger Orthopedic Group, said: “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. As part of our growth strategy, we continue to identify premier service providers in strategic areas to complement our existing patient care centers.”
Bethesda, Maryland-based Hanger Orthopedic Group is a provider of orthotic and prosthetic patient care services. Hanger is organized into four units. Patient care consists of nationwide orthotic and prosthetic practice centers, and distribution, which consists of distribution centers managing the supply chain of orthotic and prosthetic componentry to Hanger and third party patient care centers.
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