Hanger Orthopedic sells unit
This article was originally published in Clinica
Executive Summary
Hanger Orthopedic has sold the manufacturing assets of its Seattle Orthopedic Group (SOGI) subsidiary to United States Manufacturing Company (USMC) for an undisclosed amount. Otto Bock was to have bought the division for around $75 million last year, but the company was forced to cancel the deal because it was unable to get the required financing on acceptable terms.