Skip to Content

Tag: Orthotics


Also Noted

Green Prosthetics sells to Mobility Ideal Health Care 

January 26, 2023HME News Staff

DALLAS – Generational Equity has announced that its client Green Prosthetics and Orthotics has sold to Mobility Ideal Health Care. "This was a deal where all the stars aligned perfectly,” Faraaz Ali, senior M&A advisor for Generational Equity. “Our client was a niche custom fabricator of prosthetic and orthotic devices that checked all of the investment criteria boxes of a strategic acquisition party that was consolidating in this space. Outside of the mutually beneficial structure...

Green Prosthetics and Orthotics, M&A, Mobility Ideal Health Care, Orthotics, Private Equity, Prosthetics


Read Full Articlered right arrow icon

Also Noted

Two sentenced for orthotics-related fraud 

December 12, 2022HME News Staff

TAMPA and RALEIGH, N.C. – Ruth Bianca Fernandez has been sentenced to three years in prison for her role in a conspiracy to commit health care fraud and for making a false statement in a matter involving a federal health care benefit program. Government officials say Fernandez, who worked directly under Patsy Truglia, who has already been sentenced, and other conspirators generated medically unnecessary physician orders via their telemarketing operation for certain orthotic devices—knee...

Braces, Medicare fraud, Orthotics


Read Full Articlered right arrow icon

Business Development

O&P market keeps marching forward

November 1, 2022John Andrews

Facing regulatory challenges and guided by optimistic market forecasts, orthotics and prosthetics providers are forging ahead to overcome obstacles and strengthen the category.  Between prior authorization requirements from CMS’ Final Rule CMS-1713 and moving beyond Operation Brace Yourself, O&P providers face higher standards while focusing on rebuilding trust with clients. Adam Miller, president of Waterloo, Iowa-based VGM’s Orthotic and Prosthetic Group of America, says other...

Adam Miller, Board of Certification/Accreditation (BOC), OPGA, Orthotics, Prosthetics


Read Full Articlered right arrow icon

aetrex

Also Noted

Aetrex launches Foot.com

September 15, 2022HME News Staff

TEANECK, N.J. – Aetrex, a global leader in foot scanning technology, orthotics and comfort and wellness footwear, launched the Foot.com Data Portal, a dedicated platform to help shoe manufacturers around the world create better fitting footwear. Users can view and extract global 3D foot data broken down by gender, foot size, country and more. The launch of the portal marks a major step forward in the advancement of footwear development technology by taking the guesswork out of the equation....

Aetrex, Orthotics


Read Full Articlered right arrow icon

Judi Knott

Specialty Providers

Judi Knott to lead BOC

September 7, 2022HME News Staff

OWINGS MILLS, Md. –The Board of Certification/Accreditation’s board of directors has named Judi L. Knott, MA, MBA, as the organization’s new president and CEO, effective Jan. 1, 2023.  Knott currently serves as BOC’s chief strategy and marketing officer. Current president and CEO Claudia Zacharias, MBA, CAE will retire at the end of this year.  “I am fortunate to inherit an organization with a solid balance sheet, excellent, long-tenured staff and a bright...

BOC, Judi Knott, Orthotics


Read Full Articlered right arrow icon

Specialty Providers

O&P WOY finalists announced

August 24, 2022HME News Staff

WATERLOO, Iowa – The Orthotic and Prosthetic Group of America has announced the finalists for the 2022 O&P Woman of the Year Award.  The finalists are:  Adrienne Hill, CPO, area clinic manager, Hanger Clinic  Maggie Baumer, area business clinic manager, Hanger Clinic   Manisha Bhasker, senior director of communications & development, American Academy of Orthotists & Prosthetists   Nina Bondre, education specialist with Ottobock Healthcare  “We’re...

Orthotic Prosthetic Group of America, Orthotics


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

Also Noted

OPGA seeks O&P Woman of the Year 

June 6, 2022HME News Staff

WATERLOO, Iowa – The Orthotic and Prosthetic Group of America (OPGA) has opened the nomination period for the 2022 O&P Woman of the Year Award. The annual award, organized by the OPGA, is open to all women who work in the profession. Nominators are encouraged to provide examples of how the nominee has made significant contributions throughout her career to serve patients, community, business and the O&P profession. Ashlie White, director of health policy and strategic alliances for the...

O&P Woman of the Year, Orthotic and Prosthetic Group of America, Orthotics, Prosthetics


Read Full Articlered right arrow icon

Also Noted

Jury convicts three in $6.4M scheme

May 18, 2022HME News Staff

DALLAS – A federal jury here has convicted the owners and operators of four orthic brace suppliers in Texas and Arkansas for a $6.5 million illegal kickback scheme, including violations of the Anti-Kickback Statute. Bruce Stroud, 40, and Bobbi Stroud, 39, husband and wife and residents of Prosper, Texas, and Kenric Griffin, 52, of Frisco, Texas, jointly owned and operated New Horizons Durable Medical Equipment, Striffin Medical Supply, 4B Ortho Supply and Grace Professional DME, according to...

Kickbacks, Orthotics


Read Full Articlered right arrow icon