Patient Square utilizes deep industry expertise, a broad network of relationships and a true partnership approach to make investments in companies grow and thrive. July 21, 2022. kburket@hanger.com Patient Square Capital: Shree Dhond/Doug Allen Dukas Linden Public Relations 646-808-3600 PatientSquare@DLPR.com. This transaction represents a culmination of an extensive review by our Board of Directors of strategic alternatives to provide value to our stockholders and to offer financial flexibility for our company to pursue future growth initiatives. July 21 (Reuters) - Medical devices maker Hanger Inc (HNGR.N) said on Thursday it has agreed to be taken private by healthcare investment firm Patient Square Capital in a deal worth about. Patient Square Capital 724 Oak Grove Ave, Menlo Park, California 94025 United States www.patientsquarecapital.com inquiries@patientsquarecapital.com Profile M&A Activity (3) Portfolio (3) Team (2) Offices (1) M&A Connections (1) M&A Advisors (4) Analytics Patient Square Capital is a private investment firm specializing in the healthcare sector. Under the terms of the agreement, which has been unanimously approved by Hangers Board of Directors, Hanger stockholders will receive $18.75 in cash per share, representing an approximately 29% premium to the 30 calendar day volume-weighted average price (VWAP) ending July 20, 2022, and a total enterprise value of approximately $1.25 billion. For additional information and risk factors that could affect the Company, see its Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the three months ended March 31, 2022, each as filed with the Securities and Exchange Commission. AUSTIN, Texas, July 21, 2022 -- ( BUSINESS WIRE )--Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announced today that it. All Rights Reserved. About Hanger, Inc. Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment,. Vinit Asar, Hanger's President and Chief Executive Officer said, "I would like to express my gratitude to the Hanger stockholders for their support today, and throughout this transaction process. Parent and Merger Sub are indirect subsidiaries of funds managed and advised by Patient Square Capital. HangerIR@westwicke.com, Media Contact: They share the same long-term vision for our company, which makes them an excellent partner for the next phase of our journey.. About Hanger, Inc.Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment, with approximately 875 Hanger Clinic locations nationwide. Stockholders may obtain a free copy of these materials (when they are available) and other documents filed by Hanger with the SEC at the SECs website at www.sec.gov, at Hangers website at http://corporate.hanger.com or by sending a written request to our Corporate Secretary at our principal executive offices at 10910 Domain Drive, Suite 300, Austin, Texas 78758. October 3, 2022 - 12:30 pm. AUSTIN, Texas-- (BUSINESS WIRE)-- Hanger, Inc. (NYSE: HNGR ), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders . Patient Square Capital | 1,939 followers on LinkedIn. Subsector. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. , a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of . Hanger stockholders would receive $18.75 . You acknowledge that the content of the Site is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets. Upon completion of the transaction, Hanger will . AdvisorsBofA Securities, Inc. is acting as the exclusive financial advisor to Hanger, and Foley & Lardner LLP is serving as legal counsel. (904) 239-4627 AUSTIN, Texas-- (BUSINESS WIRE)-- Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction. The information contained in this press release is made only as of the date hereof, even if subsequently made available by the Company on its website or otherwise. AUSTIN, Texas, (BUSINESS WIRE) -- Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders. About Hanger, Inc. Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment,. These statements often include words such as believe, expect, project, potential, anticipate, intend, plan, estimate, seek, will, may, would, should, could, forecasts or similar words. austin, texas, october 03, 2022 -- ( business wire )--hanger, inc. (nyse: hngr), a leading provider of orthotic and prosthetic (o&p) patient care services and solutions, today announced the. Proskauer Rose LLP is acting as financing legal counsel to Ares Capital Management LLC. For additional information and risk factors that could affect the Company, see its Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the six months ended June 30, 2022, each as filed with the Securities and Exchange Commission. We believe these assumptions are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent releases or reports. AUSTIN, Texas-(BUSINESS WIRE)-Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction.The acquisition was previously announced on July 21, 2022 . Information regarding the persons who may, under the rules of the SEC, be considered to be participants in the solicitation of Hangers stockholders in connection with the Merger and any direct or indirect interests they have in the Merger will be set forth in Hangers definitive proxy statement for its special stockholder meeting when it is filed with the SEC. You can change your cookie settings at any time from within your web browser. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains statements that are forward-looking statements within the meaning of the federal securities laws. Recognized by Forbes as one of Americas Best Employers for 2022, and rooted in 160 years of clinical excellence and innovation, Hanger is a purpose-driven company with a vision to lead the O&P markets by providing superior patient care, outcomes, services and value, aimed at empowering human potential. All Rights Reserved. Asher Dewhurst Patient Square Capital (www.patientsquarecapital.com) is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health. AUSTIN, Texas--(BUSINESS WIRE)--Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. The acquisition was previously announced on July 21, 2022, .. Quarterly Results AnnouncementIn light of the proposed transaction, Hanger will no longer host a conference call to discuss financial results for the second quarter of 2022. Upon completion of the transaction, Hanger will become a privately held company, and its common stock will no longer be traded on the New York Stock Exchange (NYSE). Hanger, Inc. Completes Acquisition by Patient Square Capital. Lists Featuring This Company Late Stage Venture Investors with Investments in East Coast Total Enterprise Value of Approximately $1.25 Billion. Vinit Asar, Hangers President and Chief Executive Officer (CEO) said, Im very pleased to be announcing this agreement today as the transaction will result in immediate and substantial value creation for our stockholders. To the extent that holdings of Hangers securities have changed since the amounts set forth in the Annual Meeting Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. You can change your cookie settings at any time from within your web browser. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Hanger Inc. shares rose 25% to $18.45 in premarket trading after the company said it is being bought by health-care investment firm Patient Square Capital. This milestone represents an exciting new chapter for Hanger, said Vinit Asar, President and Chief Executive Officer, who will continue to lead Hanger. Foley & Lardner LLP represented Hanger, Inc., a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, in its definitive agreement to be acquired by Patient Square Capital, a dedicated health care investment firm. EU and UK Website Privacy Policy Website Privacy Policy Terms of Use. Hanger, Inc. HNGR. 2022 Patient Square Capital. Their most recent acquisition was Hanger on Jul 21, 2022. Dukas Linden Public Relations Hanger Inc, a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction.The acquisition was previously announced on July 21, 2022, and Hanger's stockholders approved the transaction . Patient Square leverages its deep and established network to . Purpose-built to be the preeminent investment firm in health care | Patient Square Capital is a dedicated health care investment firm that will make outstanding investments by partnering with best-in-class management teams whose products, services and technologies improve health. Austin, Texas, July 21, 2022 - (BUSINESS WIRE) Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announced today that it has entered into a definitive agreement to be acquired by Patient Square Capital, a dedicated health care investment firm. About Patient Square CapitalPatient Square Capital (www.patientsquarecapital.com) is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health. I would like to thank our entire team for their collective efforts to fulfill our purpose of empowering human potential together, keeping the patient at the center of everything we do. AUSTIN, Texas, September 30, 2022 -- ( BUSINESS WIRE )--Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Patient Square Capital recognizes the value of our brand and the quality of our world-class team, and is grounded in similar values that guide our actions. Hanger, Inc. Completes Acquisition by Patient Square Capital September 1, 2022 SOC Telemed Expands Behavioral Health Offering with Acquisition of Forefront Telecare; Company Renamed Access TeleCare August 15, 2022 Gurnet Point Capital and Patient Square Capital Complete Their Acquisition of Radius Health, Inc. August 1, 2022 Return to Portfolio. Media Contact: Krisita Burket (904) 239-4627 kburket@hanger.com. Participants in the SolicitationHanger, its directors and certain of its executive officers and employees may be deemed to be participants in soliciting proxies from its stockholders in connection with the Merger. To continue to use this site you must consent to the use of cookies as described in our Website Privacy Notice unless you have disabled them. As a leading provider of O&P services and solutions, Hanger offers the most advanced clinically differentiated programs and unsurpassed customer service nationwide. You acknowledge that the content of the Site is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets. AUSTIN, Texas--(BUSINESS WIRE)--Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm.Vinit Asar, Hanger's President and Chief Executive Officer said, "I would li.. Patient Square utilizes deep industry expertise, a broad network of relationships and a true partnership approach to make investments in companies grow and thrive. Patient Square values the steps taken by the leadership team to strengthen the companys position and is thrilled to partner with the Hanger management team to support the next phase of their growth.. Purpose-built to be the preeminent investment firm in health care. The transaction is expected to close in the fourth quarter of 2022, subject to the receipt of stockholder approval, regulatory approvals, and the satisfaction of other customary closing conditions. Forward-looking statements include information concerning the proposed merger of Hanger, Inc. (Hanger) and Hero Merger Sub, Inc. (Merger Sub), a subsidiary of Hero Parent, Inc. (Parent), pursuant to the terms of the Agreement and Plan of Merger, dated as of July 21, 2022, by and among Parent, Merger Sub and Hanger and the ability to consummate the proposed Merger, our liquidity and our possible or assumed future results of operations, including descriptions of our business strategies. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions. The acquisition was previously announced on July 21, 2022, and Hangers stockholders approved the transaction at a Special Meeting of Stockholders held on September 30, 2022. Health Care Providers. Klicken Sie auf Einstellungen verwalten, um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. 2022 Patient Square Capital. EU and UK Website Privacy Policy Website Privacy Policy Terms of Use. A special meeting of the stockholders of Hanger will be announced as promptly as practicable to seek stockholder approval in connection with the proposed Merger. By providing your email address below, you are providing consent to Hanger to send you the requested Email Alert updates. This is an exciting next chapter that will enable us to . About Hanger, Inc. Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment, with approximately 875 Hanger Clinic locations nationwide. The information contained in this press release is made only as of the date hereof, even if subsequently made available by the Company on its website or otherwise. kburket@hanger.com, Patient Square Capital Contact: Recognized by Forbes as one of Americas Best Employers for 2022, and rooted in 160 years of clinical excellence and innovation, Hanger is a purpose-driven company with a vision to lead the O&P markets by providing superior patient care, outcomes, services and value, aimed at empowering human potential. Patient Square Capital Managing Partner Jim Momtazee said, I have closely followed Hangers impactful work for most of my career and genuinely respect the positive impact they have on their patients and customers. Patient Square Capital is a patient-centered investment firm with a team of seasoned executives that uses deep health care expertise, a broad network of relationships, and a true partnership approach to make investments in companies to grow and thrive, partnering with organizations who they believe have the ability to improve patient lives, strengthen communities, and create a healthier world. (443) 213-0503 At Hanger, we promise to treat your data with respect and will not share your information with any third party. Sie knnen Ihre Einstellungen jederzeit ndern. Patient Square Capital to acquire Hanger for $1.25bn Innovations Motors & Motion Control By NS Medical Staff Writer 22 Jul 2022 Based in Austin, Texas, Hanger provides outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment, with about 875 Hanger Clinic locations across the nation The Company expects to issue its earnings release and file its Quarterly Report on Form 10-Q for the quarter endedJune 30, 2022on or aboutAugust 8, 2022. Hanger, Inc. 55m. Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be. These uncertainties include, but are not limited to the risk that the Merger disrupts our current plans and operations or diverts managements attention from its ongoing business; the effects of the Merger on our business, operating results, and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we do business; the nature, cost and outcome of any legal proceedings related to the Merger; the financial and business impacts of COVID-19 on our operations and the operations of our customers, suppliers, governmental and private payers and others in the healthcare industry and beyond; labor shortages and increased turnover in our employee base; contractual, inflationary and other general cost increases, including with regard to costs of labor, raw materials and freight; federal laws governing the health care industry; governmental policies affecting O&P operations, including with respect to reimbursement; failure to successfully implement a new enterprise resource planning system or other disruptions to information technology systems; the inability to successfully execute our acquisition strategy, including integration of recently acquired O&P clinics into our existing business; changes in the demand for our O&P products and services, including additional competition in the O&P services market; disruptions to our supply chain; our ability to enter into and derive benefits from managed-care contracts; our ability to successfully attract and retain qualified O&P clinicians; and other risks and uncertainties generally affecting the health care industry. AUSTIN, Texas--(BUSINESS WIRE)-- Patient Square invests in businesses that strive to improve patient lives, strengthen communities, and create a healthier world. Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm. Cautionary Statement Regarding Forward-Looking Statements. The contents of the Site may contain forward-looking statements that are based on managements beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, the firm itself or its investments. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und seine Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. 646-808-3600 The acquisition by the health care investment firm is backed by the board, Hanger said. Hanger, Inc. HNGR, a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously . Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. With the closing of the transaction, Hanger will now be a private company and will have more flexibility to invest in future growth initiatives to better serve its patients and customers, while remaining true to its purpose, vision, values, and brand. To continue to use this site you must consent to the use of cookies as described in our Website Privacy Notice unless you have disabled them. The contents of the Site may contain forward-looking statements that are based on managements beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, the firm itself or its investments. Shree Dhond/Doug Allen Greenberg Traurig, LLP is acting as M&A legal counsel, Kirkland & Ellis LLP is acting as financing legal counsel, and Latham & Watkins LLP is acting as health care legal counsel to Patient Square Capital. Information relating to the foregoing can also be found in Hangers Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on February 28, 2022 and Hangers definitive proxy statement for its 2022 Annual Meeting of Stockholders (the Annual Meeting Proxy Statement) filed with the SEC on April 7, 2022. AUSTIN - Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm.. Vinit Asar, Hanger's President and Chief Executive Officer said, 'I would like to express my . Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction.
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