In Brief: Hanger Orthopedic
This article was originally published in The Gray Sheet
Hanger Orthopedic: Announces merger agreement with privately owned, Alpharetta, Georgia-based J.E. Hanger, distributor of prosthetic and orthotic supplies and components. The deal, valued at approximately $49 mil., will create "the largest O&P practice management company with combined revenues in excess of $110 mil.," Hanger says. Under terms of the deal, Bethesda, Maryland-based Hanger will acquire all of JEH's outstanding shares in exchange for $44 mil. cash and one million Hanger shares of common stock. Finalization of the agreement is contingent upon numerous conditions including JEH's shareholder approval. Hanger is a practice management company for orthotics and prosthetics...
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