Tag: Hanger
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...
Hanger Foundation creates scholarships to increase diversity
January 28, 2021HME News Staff
AUSTIN, Texas – The Hanger Foundation has created the Hanger Foundation Diversity Scholarship to attract more diverse candidates to O&P graduate programs. Hanger Inc., which launched the foundation in 2009, says it is committed to addressing racism and creating a more inclusive profession. “Research has shown that clinicians of color are underrepresented within the O&P industry,” said Gloria Gonzales Dholakia, PhD, executive director of the Hanger Foundation....
Hanger buys two O&P companies
December 6, 2012HME News Staff
AUSTIN, Texas - Hanger, Inc., a provider and distributor of orthotics and prosthetics products, recently acquired Faith Prosthetic-Orthotic Services and SCOPe Orthotics & Prosthetics, according to a press release. The two patient care companies have 22 clinics in California and North Carolina, respectively, and generate combined annual revenue of $24.6 million. That brings Hanger's total revenue from acquisitions in 2012 to $60.2 million.
In brief: More sign on for MPP, Hanger has banner year
November 2, 2012HME News Staff
WASHINGTON - Despite the all-encompassing elections, H.R. 6490, a bill that would replace competitive bidding with an industry-backed market-pricing program (MPP), picked up eight new co-sponsors last week, bringing the total to 27. The newest co-sponsors: Reps. Steve Stivers, R-Ohio; Rob Wittman, R-Va.; Mike Coffman, R-Colo.; William Keating, D-Mass.; Tim Ryan, D-Ohio; Peter King, R-N.Y.; Lynn Westmoreland, R-Ga.; and Terri Sewell, D-Ala. To keep tabs on the official tally of co-sponsors for...