UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
CURRENT REPORT
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
Date of Report (Date of Earliest Event Reported): December 5, 2012
Hanger, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
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1-10670 |
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84-0904275 |
(State or other jurisdiction |
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(Commission File Number) |
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(IRS Employer |
of incorporation) |
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Identification No.) |
Formerly Hanger Orthopedic Group, Inc.
10910 Domain Drive, Suite 300
Austin, Texas 78758
(Address of principal executive offices (zip code))
512-777-3800
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a - 12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13d-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets
On December 5, 2012, Hanger, Inc. issued a press release announcing recent acquisitions. A copy of the Registrants press release is furnished herewith as Exhibit 99.1 to this Current Report.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
99.1 Press Release of Hanger, Inc., dated December 5, 2012
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HANGER, INC.
By: |
/s/ |
George E. McHenry |
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George E. McHenry |
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Chief Financial Officer |
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Dated: December 6, 2012 |
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Exhibit 99.1
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Contacts: |
George E. McHenry |
(512) 777-3800 |
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Thomas C. Hofmeister |
(512) 777-3800 |
News Release
HANGER, INC. HAS RECORD YEAR IN O&P ACQUISITIONS:
· Acquires a total of $60.2 million in annual revenue
· Welcomes SCOPe Orthotics & Prosthetics and Faith Prosthetic-Orthotic Services to the team
AUSTIN, TEXAS December 5, 2012. Hanger, Inc. (NYSE: HGR) completed the acquisition of Faith Prosthetic-Orthotic Services, Inc. and SCOPe Orthotics & Prosthetics, Inc. These two patient care companies are comprised of twenty-two clinics in California and North Carolina and generate annualized revenue of $24.6 million, bringing our total annualized revenue from 2012 acquisitions to $60.2 million. We are pleased to welcome SCOPe and Faith and their over 160 dedicated clinicians and staff to the Hanger team, commented President and CEO Vinit K. Asar. I would also like to thank our talented M&A team and all those who have helped with the closing and integration of all our 2012 acquisitions. Our acquisition pipeline remains strong and we look forward to a successful 2013.
About Hanger Hanger, Inc., headquartered in Austin, Texas, is the worlds premier provider of services and products that enhance human physical capability. Built on the legacy of James Edward Hanger, the first amputee of the American Civil War, Hanger is steeped in 150 years of clinical excellence and innovation. Hanger provides orthotic and prosthetic patient care services, distributes O&P devices and components, and provides therapeutic solutions to the broader post-acute market. Hanger is the largest owner and operator of orthotic and prosthetic patient care centers with in excess of 770 O&P patient care clinics located in 45 states and the District of Columbia. Hanger, through its subsidiary Southern Prosthetic Supply, Inc., is also the largest distributor of branded and private label O&P devices and components in the United States. Hanger provides therapeutic solutions through its subsidiaries Innovative Neurotronics and Accelerated Care Plus. Innovative Neurotronics introduces emerging neuromuscular technologies developed through independent research in a collaborative effort with industry suppliers worldwide. Accelerated Care Plus is a developer of specialized rehabilitation technologies and the nations leading provider of evidence-based clinical programs for post-acute rehabilitation serving more than 4,400 long-term care facilities and other sub-acute rehabilitation providers throughout the U.S. For more information on Hanger, visit www.hanger.com and follow us at www.Facebook.com/HangerNews, www.Twitter.com/HangerNews, and www.YouTube.com/HangerNews.
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