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Hanger, Inc. Completes Acquisition By Patient Square Capital

PRIVATEOct 03, 2022

Acquiring Company

Patient Square Capital

Acquired Company

Hanger

Menlo ParkInformation TechnologyFinancial ServicesSoftwareMobileHealth CareFinanceInvestment ManagementHealth Care

Description

Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction. The acquisition was previously announced on July 21, 2022, and Hanger’s stockholders approved the transaction at a Special Meeting of Stockholders held on September 30, 2022.

Quick answer

Patient Square Capital is acquiring Hanger, announced October 3, 2022. Patient Square Capital is based in Menlo Park, California, United States.

How much did Patient Square Capital pay for Hanger?
The deal value was not disclosed.
What does Patient Square Capital do?
Patient Square Capital is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health.
Where are Patient Square Capital and Hanger based?
Patient Square Capital is based in Menlo Park, California, United States.
Who are the decision-makers at Patient Square Capital?
Fundz holds 2 contacts at Patient Square Capital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Patient Square Capital

Location

Menlo Park, California, United States

About

Patient Square Capital is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health. We utilize our deep industry expertise, our broad network of relationships and a true partnership approach to make investments in companies that will grow and thrive. We believe in the power these companies have to improve patient lives, strengthen communities and create a healthier world. Patient Square Capital is purpose built by a team of industry-leading executives, differentiated by the depth of our focus in health care, the breadth of our health care investing experience, and the network we can activate to drive differentiated outcomes. Most importantly, patients are squarely at the center of all that we do. For more information, visit www.patientsquarecapital.com.

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Frequently asked

Who acquired Hanger?

Hanger was acquired by Patient Square Capital, based in Menlo Park. The deal was reported on October 3, 2022. Patient Square Capital is a dedicated health care investment firm that partners with best-in-class management teams whose products, services and technologies improve health. Patient Square Capital is privately held and operates in Information Technology.

When did Patient Square Capital acquire Hanger?

Patient Square Capital's acquisition of Hanger was reported on October 3, 2022. Hanger, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hanger do?

Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment, with approximately 875 Hanger Clinic locations nationwide. It is privately held, operating in Health Care.

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