Hanger, Texas, entered into an agreement to acquire Point Designs, Colorado, a partial hand prosthetic design company with expertise in additive manufacturing and mechanical design. Point Designs was founded by researchers in the field of upper-limb prosthetic design from the Weir Biomechatronics Development Laboratory at the University of Colorado.
“Point Designs is the perfect partner to bring on board as part of our focus on creating the most comprehensive offering of products, services, and care for patients with upper-limb loss or difference,” said Hanger CEO Pete Stoy. “We are excited about the experience and knowledge the Point Designs team can bring to our ecosystem of upper-limb prosthetic innovation and patient care.”
The transaction is expected to close in the third quarter.
