Hanger has entered into an agreement to acquire O&P Insight, a provider of consultancy and revenue cycle management services to independent O&P providers and manufacturers.
“O&P Insight is uniquely focused on helping O&P businesses run profitable and compliant business operations, and brings an incredible amount of credibility, talent, and value,” said Hanger CEO Pete Stoy. “Collaborating with O&P Insight in this capacity will enable us to place a greater focus on the services side of our business for the betterment of the profession, as we believe that healthier independents and manufacturers, buoyed by the Hanger ecosystem, equals tremendous value creation for the entire industry.”
“In today’s complex healthcare environment, the O&P industry faces similar challenges and opportunities with technology, innovation, reimbursement, policy, and providing patients excellent care,” said Lesleigh Sisson, O&P Insight CEO. “This collaboration will allow us to scale, provide opportunities for more investment, and have access to resources that will enhance our current and future partnerships. My aspiration for O&P Insight alongside Hanger is to transcend consultancy; making a commitment to foster growth and innovation within the O&P community.”
The transaction is expected to close in the third quarter.
