Standard & Poor’s (S&P) has announced that Hanger Orthopedic Group Inc. (NYSE: HGR), Bethesda, Maryland, will replace human-resources solutions provider Gevity HR Inc. (NASD: GVHR), Bradenton, Florida, in the S&P SmallCap 600 after the close of trading on a date to be announced.
Gevity HR is being acquired by privately held TriNet Group Inc., San Leandro, California, in a transaction expected to close soon. Hanger will be added to the S&P SmallCap 600 Global Industry Classification Standard (GICS) Health Care Facilities Sub-Industry index.
According to S&P, additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
