Hanger Orthopedic Group is relocating its headquarters to Austin, Texas, from Bethesda, Maryland. According to a company press release, “Hanger’s new Austin headquarters will provide ample space for future growth, improved operational efficiency, and an enhanced quality of life for corporate employees. Austin’s central location in the United States will also facilitate improved communication with Hanger’s national footprint of more than 700 patient care centers and supporting operational locations.” Before deciding on Austin, Hanger analyzed numerous cities nationwide, including the greater Washington DC metro area. The relocation is expected to be completed in the third quarter of 2010.
“As the market leader of the orthotic and prosthetic profession in the United States, we promote creativity and innovation in our business operations,” Hanger President and CEO Tom Kirk, PhD, said. “Our new location embodies this spirit and will serve as an ideal environment for us to continue our growth and disciplined diversification strategy. Additionally, we are impressed with the professionalism and the support afforded to us by the state of Texas and the city of Austin in facilitating our decision-making process. Their outstanding assistance packages were a key element of this support. We would also like to recognize the helpful role played by the Austin Chamber of Commerce.”
Hanger stated that it is offering more than 130 eligible Bethesda-based corporate employees the option to relocate as well as offering “comprehensive separation packages including severance agreements and benefits continuation for employees who choose not to relocate.”
The company added that “the relocation is expected to provide an excellent return on investment without having any negative material impact on operations.” Additional information regarding the relocation will be discussed on Hanger’s fourth-quarter earnings release conference call at 9 a.m. EST on Thursday, February 11.
For more information on the conference call, visit www.hanger.com
