Hanger, Austin, Texas, announced that it has completed the acquisition of 16 patient care companies covering 15 states with annualized revenue of $35.6 million in 2012 year to date.
The acquired companies were: OrPro Prosthetics & Orthotics, headquartered in Dayton, Ohio; Orthotic & Prosthetic Technologies, headquartered in Austin, Texas; Innovative Prosthetic Care, headquartered in Gulfport, Mississippi; Mississippi Artificial Limb and Brace, Hattiesburg; Innovative Prosthetic Care Tupelo, Mississippi; Orthopaedic Associates of Grand Rapids, Michigan; Genesis Medical Group, Lake Oswego, Oregon; Gadsden Limb & Brace, Alabama; Coosa Valley Limb & Brace, Talladega, Alabama; Northeast Alabama Prosthetics & Orthotics, Anniston; AKBK dba Crockett Prosthetics and Orthotics, Knoxville, Tennessee; Missoula Orthotics & Prosthetics Laboratories, Montana; Karsten Prosthetic Laboratories, Grand Junction, Colorado; Alpine Prosthetics & Orthotics, Montrose, Colorado; Parr Prosthetics & Orthotics, Slidell, Louisiana; and Nordlie Enterprises dba Premier Medical, Bellevue, Washington.
“We are pleased to welcome these great companies and their over 150 dedicated clinicians and staff to the Hanger team,” said Hanger President and CEO Vinit K. Asar. “We have exceeded our goal to acquire sales of approximately $20 million in 2012…. Our pipeline of transactions remains healthy and it is still possible for one or more additional acquisitions to close before year end.”
