Tag: Prosthetics

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...

NEW YORK and MINNEAPOLIS, Minn. – Protez Foundation, a non-profit helping Ukrainian children, soldiers and civilians get free quality prosthetics in the U.S., has partnered with OneStep, an innovative platform for digital physical therapy that turns a smartphone into a clinical-grade motion analysis lab, to provide remote care for patients. “For months, we have been doing prosthetic operations, fittings and treatment plans and then sending patients home with no way to track their progress...

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...

ARLINGTON, Va. – The American Orthotic & Prosthetic Association has launched the So Kids Can Move initiative, a state-by-state policy-based initiative to raise awareness and expand access to recreational prostheses as medical necessary health care for children. AOPA has launched the initiative in partnership with the National Association for the Advancement of Orthotics & Prosthetics and Forrest Stump, a Pacific Northwest nonprofit advocacy organization dedicated to promoting equitable access...

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...

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...

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...

OWINGS MILLS, Md. - The Board of Certification/Accreditation (BOC) has committed $30,000 to fund a study, “Racial Bias in Orthotics and Prosthetics,” the first of its kind in the O&P field.  The study is a recipient of a 2021 American Orthotic and Prosthetic Association (AOPA) and Center for Orthotic and Prosthetic Learning and Outcomes/Evidence-Based Practice (COPL) Pilot Grant.  "This research is an essential first step to reduce health disparities and improve racial...

WASHINGTON – The O&P Alliance has issued a statement opposing direct-to-consumer delivery of custom orthotics and prosthetics.  The alliance, which includes the American Orthotic & Prosthetic Association, American Academy of Orthotists and Prosthetists, ABC, BOC and National Association for the Advancement of Orthotic and Prosthetic Patient Care, says such devices should be fitted by a licensed O&P professional as part of the overall plan of care. The direct-to-consumer model, they...

WATERLOO, Iowa – The Orthotic Prosthetic Group of America (OPGA) and Össur announced Cristalei Polk as recipient of the Russell Walker CP, LP Emerging Leader Grant Program at the Academy Annual Meeting & Scientific Symposium on March 3, 2022. Polk is a current prosthetic resident at ProCare Prosthetics in Buford, Ga. “I can’t say enough how proud we are to partner with Össur on this new initiative,” said Todd Eagen, president of OPGA. “The Rusty Walker...