Tag: Hanger
Hanger Numotion to scale growth, impact
September 25, 2026Liz Beaulieu, Editor
AUSTIN, Texas, and BRENTWOOD, Tenn. – A combined Hanger and Numotion will be better positioned to invest in new technologies, expand into new markets and, ultimately, serve more people with mobility-related disabilities, says Mike Swinford.
The two companies announced Sept. 10 that they would merge to form Hanger Numotion, with Swinford serving as CEO.
“The more we scale, the more we can grow to, ultimately, serve more individuals,” he said. “We have...
Ottobock, Hanger advocate for access to care
September 24, 2026HME News Staff
AUSTIN, Texas – Ottobock and Hanger, Inc., joined forces for Austin Advocacy Day 2026 on Sept. 21 to advocate for access to care for individuals with limb loss and limb difference across Texas. Despite being home to more than 550,000 individuals with limb loss/limb difference – the highest in the nation – Texas is the only state that doesn't provide Medicaid coverage for O&P devices for individuals over the age of 20 with disabilities such as amputation. "The importance...
Hanger, Numotion to merge
September 10, 2026HME News Staff
AUSTIN, Texas – Hanger, Inc. and Numotion plan to merge, forming Hanger Numotion, with Mike Swinford as CEO.
The companies say this strategic merger will create a scaled North American platform with complementary capabilities across orthotics and prosthetics (O&P), complex rehab technology (CRT) and other mobility and independence solutions. Together, they will serve more than 1.5 million patients annually through Hanger’s 925 O&P clinics in the U.S. and Numotion’s 200-plus locations...
In brief: EnsoData’s investment, pilot’s fraud algorithm, Kennedy’s infusion stance
June 27, 2025HME News Staff
MADISON, Wis. – EnsoData has received $20 million in Series B financing led by Questa Capital to accelerate adoption of its AI-powered sleep medicine solutions.
“Traditional approaches in sleep medicine have left nearly 80% of patients undiagnosed and, of the 20% that are positively diagnosed, only one in two will be successfully treated,” said Justin Mortara, Ph.D., president and CEO of EnsoData. “We need to expand patient access with simpler and more economic testing...
Hanger inks purchasing agreement with Premier
June 25, 2025HME News Staff
AUSTIN, Texas – Hanger Clinic has been awarded a national group purchasing agreement for O&P care by Premier, a tech-driven health care improvement company. Effective May 1, 2025, Premier members can take advantage of pricing and pre-negotiated terms for O&P care at Hanger clinics across the country. “We are excited to work with Premier’s members to deliver the highest standard of orthotic and prosthetic patient care," said Michael Oros, president of Hanger Clinic. "This...
Hanger Ventures makes debut investment
July 22, 2024HME News Staff
AUSTIN, Texas – Hanger Ventures, a subsidiary of Hanger whose primary goal is to advance orthotics and prosthetics innovation and improve patient outcomes, has made its debut investment in Bionic Power. Canadian-based Bionic Power, developer of active lower body smart orthotic devices that enhance personal mobility, is raising Series A funding, with Hanger Ventures committing as the lead investor. “We look forward to contributing clinical research, along with technical and commercial...
Hanger launches investment platform
February 29, 2024HME News Staff
AUSTIN, Texas – Hanger has launched Hanger Ventures, a subsidiary designed to invest in entrepreneurs and small businesses and help bring innovative O&P health care solutions to the market.
“Hanger Ventures will enable us to provide resources typically not accessible to entrepreneurs and small businesses, collaborating from incubation to commercialization,” said Pete Stoy, CEO. “This type of collaboration enables us to be at the forefront of innovation, with...
In brief: Hanger acquired, 3M’s health care division spun off, Quipt contract secured
July 29, 2022HME News Staff
AUSTIN, Texas – Hanger, a national provider of O&P, has entered into an agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $1.25 billion.
Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing an approximate 29% premium to the 30-calendar day volume-weighted average price (VWAP) ending July 20, 2022. Upon completion of the transaction, Hanger will become a privately held company...
O&P giant Hanger to be acquired
July 28, 2022HME News Staff
AUSTIN, Texas – Hanger, a national provider of O&P, announced today that it has entered into an agreement to be acquired by Patient Square Capital, a dedicated health care investment firm, for approximately $1.25 billion.
Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing an approximate 29% premium to the 30-calendar day volume-weighted average price (VWAP) ending July 20, 2022. Upon completion of the transaction, Hanger will become...
In brief: Screening calls, C-suite changes, scholarship
January 29, 2021HME News Staff
WASHINGTON – CMS is having a subcontractor of the National Supplier Clearinghouse call supplier locations to make sure they’re open and available for inspection, according to AAHomecare.
Early in the COVID-19 public health emergency, CMS waived the requirement that suppliers be open at a physical location a minimum of 30 hours per week (supplier standard No. 7). The waiver was lifted in July and CMS announced it would move forward with physical inspections. The agency assured...