Hanger has entered into an agreement to acquire Fillauer, a Tennessee-based, family-owned company that has been providing O&P care for more than 100 years.
“We at Hanger have a long history of finding new ways to return personal independence to those with physical challenges by providing superior patient access, services, and clinical outcomes,” said Pete Stoy, Hanger’s CEO. “The next step in expanding our industry-leading research is leveraging that work, along with our robust nationwide outcomes data, during the development of O&P products. Bringing a manufacturing partner into the Hanger family will give us a better perspective earlier in the research and development phase, positioning us to drive innovation and proactively enhance patient outcomes.”
“As two long-standing O&P companies, we’ve really enjoyed our relationship with Hanger through the years,” said Fillauer CEO Michael Fillauer. “Hanger has been a great ally, a great partner, and a great friend to our organization. Our cultures and values are aligned, and together, we have the opportunity to enhance the impact we have on those we serve.”
The transaction is expected to close in the first quarter of 2024.
