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Tag: O&P


News

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...

3M, Hanger, M&A, O&P, Orthotics, Prosthetics, Quipt Home Medical


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Specialty Providers

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...

Hanger, O&P, Orthotics, Prosthetics


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Cailor Fleming, VGM Specialty Underwriters team up

August 24, 2021HME News Staff

YOUNGSTOWN, Ohio – Cailor Fleming Insurance and VGM Specialty Underwriters have formed an exclusive partnership to meet the needs of members of the American Orthotic and Prosthetic Association, and the O&P and pedorthic professions. “Creating this partnership allows us to serve O&P providers in an even greater capacity,” said Don Foley, owner/operator, Cailor Fleming Insurance. “We’ve developed tailored products and coverage options for the unique needs of...

Cailor Fleming, Insurance, O&P, Orthotics, Prosthetics, VGM Specialty Underwriters


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News

Bill to carve out O&P reintroduced in House

March 22, 2021HME News Staff

WASHINGTON – Rep. Mike Thompson, D-Calif., has reintroduced the Medicare O&P Patient-Centered Care Act to improve access to care and combat fraud and abuse.  The legislation would create separate statutory requirements for the provision of orthoses and prostheses, distinguishing O&P practitioners from other DME suppliers. It would also restore the term “minimal self-adjustment” to more clearly define off-the-shelf orthoses; and prohibit...

Fraud and Abuse, O&P, Orthotics, Prosthetics


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Knit-Rite, Therafirm acquired by Thuasne 

January 11, 2021HME News Staff

KANSAS CITY – Knit-Rite and Therafirm have been acquired by Thuasne, a European medical device manufacturer with 2,200 employees and 233 million euros in revenues in 2019. Knit-Rite and Therafirm, which represent Thuasne’s fourth largest acquisition in the United States in 10 years, solidify the company’s presence in the O&P and compression markets, and open up a new market, devices for orthopedic prothesis (post-amputation prosthetic socks and prosthetic...

Compression, Knit-Rite, M&A, O&P, Therafirm, Thuasne


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Specialty Providers

Will Round 2021 crack ‘bedrock’ of O&P care? 

December 11, 2020Theresa Flaherty, Managing Editor

YARMOUTH, Maine – The majority of competitive bidding contracts for off-the-shelf back braces in Round 2021 went to less than two-dozen companies, including a few that haven't traditionally provided them direct to consumer.  Companies with contracts include Hangar, a national provider of O&P; Medline, a distributor; and Breg, a manufacturer, which all won contracts nationally. Other contracts went to regional providers,...

Back Braces, Competitive Bidding, Contract Suppliers, O&P, Round 2021


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Specialty Providers

AOPA digs in on bill

February 6, 2020Theresa Flaherty, Managing Editor

WASHINGTON - O&P stakeholders are eyeing a pair of possible legislative vehicles as they seek to pass a bill that would improve patient care and reduce fraud. The American Orthotic and Prosthetic Association has been working with lawmakers to fit their bill into either drug pricing legislation or the Cures 2.0 initiative, says Justin Beland, director of government relations.“We're confident that one of those two vehicles will give our bill a ride,” he said.H.R. 5262, the Medicare Orthotics...

American Orthotic and Prosthetic Association, O&P, Orthotics


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HomeCare Connect gets the nod from Broadspire for O&P

July 23, 2019HME News Staff

MIAMI - HomeCare Connect has been chosen by Broadspire as its preferred partner for prosthetics and custom orthotics. The partnership will provide specialized care management services for injured workers who have undergone amputations. “We appreciate the specialized care and cost containment this partnership brings to our clients and the injured workers we advocate for,” said Erica Fichter, senior vice president of medical management for Broadspire, an independent provider of claims management...

HomeCare Connect, O&P, workers' compensation


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Nominations open for O&P award

June 13, 2019HME News Staff

OWINGS MILLS, Md. - The Board of Certification/Accreditation (BOC) is accepting nominations for the Jim Newberry Award for Extraordinary Service. The award is named after longtime practitioner, BOC board member and leader James Newberry, Jr., BOCP, BOCO, BOCPD, who passed away in 2016. It recognizes “outstanding individuals who perform extraordinary service to BOC, and who live out the superior example modeled by Newberry during his more than four decades in O&P.” Winners may include,...

Award, James Newberry, O&P


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BOC seeks Newberry nominations

June 29, 2018HME News Staff

OWINGS MILLS, Md. - The Board of Certification/Accreditation (BOC) is accepting nominations for the Jim Newberry Award for Extraordinary Service. The award, named for longtime BOC member and practitioner Jim Newberry, recognizes outstanding individuals who perform extraordinary service to BOC and its community of stakeholders. “We look forward to seeing this year's nominations as we continue to honor Jim's amazing legacy,” said Wayne Rosen, BOCP, BOCO, FAAOP, chairman of BOC's board of...

BOC, Jim Newberry Award, O&P


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