Austin, Texas-based company Hanger, Inc announced its acquisition of 16 patient care companies comprised of clinics in 15 states. The release notes that the acquisitions have translated into annualized revenue of $35.6 million in 2012 year to date.
“We have exceeded our goal to acquire sales of approximately $20 million in 2012…Our pipeline transactions remains healthy and it is still possible for one or more additional acquisitions to close before year end,” Vinit K. Asar, Hanger, Inc, president, CEO, (pictured right) says.
Hanger, Inc reports that these acquisitions include OrthoPro, Inc, Orthotic & Prosthetic Technologies, Inc, Innovative Prosthetic Care, Inc, MS Artificial Limb & Brace, LLC, Innovative Prosthetic Care Tupelo, LLC, Orthopedic Associates of Grand Rapids, P.C., Genesis Medical Group, LLC, Gadsden Limb & Brace, Inc, Coosa Valley Limb & Brace, LLC, and Northeast Alabama Prosthetics & Orthotics, LLC, AKBK, Inc, doing business as Crockett Prosthetics and Orthotics.
Rounding out the additional acquired patient care companies is Missoula Orthotics & Prosthetics Laboratories, Inc, Karsten Prosthetic Laboratories, Inc, Alpine Prosthetics & Orthotics, LLC, Parr Prosthetics & Orthotics, LLC, and Nordlie Enterprises Inc, doing business as Premier Medical.
“We are please to welcome these great companies and their over 150 dedicated clinicians and staff to the Hanger team.” Asar says.