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HANGER INC (HGR)

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Business Summary
Logo Hanger Inc
Operates orthotic and prosthetic patient-care centers

Hanger, Inc. provides orthotic and prosthetic (O&P) patient care products and services.

It operates its business through three reportable segments: Patient-Care Services, Distribution and Therapeutic Solutions.

The Patient-Care Services segment owns orthotic and prosthetic businesses.

The orthotic business designs, fabricates, fits and maintains a wide range of standard and custom-made braces and other devices that provide external support to patients suffering from musculoskeletal disorders, such as ailments of the back, extremities or joints and injuries from sports or other activities.

The prosthetic business designs, fabricates, fits and maintains custom-made artificial limbs for patients, who are without limbs due to traumatic injuries, vascular diseases, diabetes, cancer or congenital disorders.

The Distribution segment distributes O&P components to individual customers and to its own patient-care centers.

It also manufactures and distributes therapeutic footwear for diabetic patients in the podiatric market and also directs specialized catalogues to segments of the healthcare industry, such as orthopedic surgeons, physical and occupational therapists, and podiatrists.

The Therapeutic Solutions segment provides its services to the O&P market and post-acute rehabilitation market through its subsidiaries Innovative Neurotronics, Inc. and Accelerated Care Plus Corp.

It was formerly known as Hanger Orthopedic Group, Inc. and changed its name to Hanger, Inc. in June 2012. The company was founded by James Edward Hanger in 1861 and is headquartered in Austin, TX.

Number of employees : 4 800 persons.
Sales per Businesses
20122013Delta
USD (in Million)%USD (in Million)%
Patient Care813.5682.5%873.2083.4% +6.83%
Distribution107.2710.9%---
Therapeutic Solutions63.926.5%---
Other0.8070.1%---
Unallocated and Other-----
Products & Services--173.2416.6%-
Sales per Regions
20122013Delta
USD (in Million)%USD (in Million)%
United States985.55100%1,046100% +5.82%
Managers
NameAgeSinceTitle
Vinit K. Asar, MBA482008President, Chief Executive Officer & Director
Tom P. Cooper, MD701991Chairman
George E. McHenry Jr., CPA612001Chief Financial Officer, Secretary & Executive VP
Walter A. Meffert, Jr.472010Chief Information Officer & Vice President
Eric A. Green, MBA522001Independent Director
Cynthia L. Feldmann, CPA612003Independent Director
Thomas F. Kirk PhD, MBA682002Director
Stephen E. Hare MBA, CPA602010Independent Director
Patricia B. Shrader632011Independent Director
Christopher B. Begley, MBA622013Independent Director
Shareholders
NameShares%
Invesco Advisers, Inc. 3,674,413 10.4%
Pyramis Global Advisors LLC 3,197,781 9.06%
BlackRock Fund Advisors 2,845,639 8.06%
The Vanguard Group, Inc. 2,104,679 5.96%
Fidelity Management & Research Co. 2,095,860 5.94%
Hotchkis & Wiley Capital Management LLC 2,040,900 5.78%
Dimensional Fund Advisors LP 1,318,867 3.74%
WEDGE Capital Management LLP 1,165,815 3.30%
JPMorgan Investment Management, Inc. 1,130,315 3.20%
Fiduciary Management, Inc. 976,980 2.77%
Sector
Healthcare
Healthcare Services
 Healthcare Providers & Services
  Healthcare Facilities & Services
   Hospitals, Clinics & Primary Care Services
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Company contact information
Hanger, Inc.
10910 Domain Drive
Suite 300
Austin, TX 78758

Phone : +1.512.777.3800
Web : www.hanger.com
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