They share the same long-term vision for our company, which makes them an excellent partner for the next phase of our journey.. Investment Date. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. For additional information and risk factors that could affect the Company, see its Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the three months ended March 31, 2022, each as filed with the Securities and Exchange Commission. As a result of the completion of the acquisition, Hanger stockholders will receive $18.75 in cash per share of common stock, and Hangers common stock will no longer be traded on the New York Stock Exchange (NYSE). I would like to thank our entire team for their collective efforts to fulfill our purpose of empowering human potential together, keeping the patient at the center of everything we do. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains statements that are forward-looking statements within the meaning of the federal securities laws. AUSTIN, Texas, September 30, 2022 -- ( BUSINESS WIRE )--Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that. Patient Square Capital is a private investment firm specializing in the healthcare sector. As a leading provider of O&P services and solutions, Hanger offers the most advanced clinically differentiated programs and unsurpassed customer service nationwide. AUSTIN - Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm.. Vinit Asar, Hanger's President and Chief Executive Officer said, 'I would like to express my . It provides loans ranging from $300 to $100,000 for such entities. Investor Relations Contact:Asher Dewhurst443-213-0503[emailprotected]Media Contact:Krisita Burket904-239-3845[emailprotected]Patient Square Capital Contact:Shree Dhond / Doug AllenDukas Linden Public Relations646-808-3600[emailprotected]. The company charges a single fee for its loans, which have flexible. Vinit Asar, Hanger's President and Chief Executive Officer said, "I would like to express my gratitude to the Hanger stockholders for their support today, and throughout this transaction process. These uncertainties include, but are not limited to, the inability to consummate the Merger within the anticipated time period, or at all, due to any reason, including the failure to obtain required regulatory approvals, satisfy the other conditions to the consummation of the Merger or complete necessary financing arrangements; the risk that the Merger disrupts our current plans and operations or diverts managements attention from its ongoing business; the effects of the Merger on our business, operating results, and ability to retain and hire key personnel and maintain relationships with customers, suppliers and others with whom we do business; the risk that our stock price may decline significantly if the Merger is not consummated; the nature, cost and outcome of any legal proceedings related to the Merger; the financial and business impacts of COVID-19 on our operations and the operations of our customers, suppliers, governmental and private payers and others in the healthcare industry and beyond; labor shortages and increased turnover in our employee base; contractual, inflationary and other general cost increases, including with regard to costs of labor, raw materials and freight; federal laws governing the health care industry; governmental policies affecting O&P operations, including with respect to reimbursement; failure to successfully implement a new enterprise resource planning system or other disruptions to information technology systems; the inability to successfully execute our acquisition strategy, including integration of recently acquired O&P clinics into our existing business; changes in the demand for our O&P products and services, including additional competition in the O&P services market; disruptions to our supply chain; our ability to enter into and derive benefits from managed-care contracts; our ability to successfully attract and retain qualified O&P clinicians; and other risks and uncertainties generally affecting the health care industry. Patient Square utilizes deep industry expertise, a broad network of relationships and a true partnership approach to make investments in companies grow and thrive. Stockholders may obtain a free copy of these materials (when they are available) and other documents filed by Hanger with the SEC at the SECs website at www.sec.gov, at Hangers website at http://corporate.hanger.com or by sending a written request to our Corporate Secretary at our principal executive offices at 10910 Domain Drive, Suite 300, Austin, Texas 78758. 646-808-3600 Additional Information and Where to Find ItThis communication relates to the proposed merger (the Merger) of Hanger and Merger Sub pursuant to the terms of the Agreement and Plan of Merger, dated as of July 21, 2022, by and among Parent, Merger Sub and Hanger (the Merger Agreement). Hanger H HNGR said Thursday it has struck a deal for Patient Square Capital to buy the provider of orthotic and prosthetic services at an enterprise value of about $1.25 billion, or $18.75 per share in cash, compared with its closing price of $14.91 in the previous day.. This milestone represents an exciting new chapter for Hanger, said Vinit Asar, President and Chief Executive Officer, who will continue to lead Hanger. Patient Square Capital 724 Oak Grove Ave, Menlo Park, California 94025 United States www.patientsquarecapital.com inquiries@patientsquarecapital.com Profile M&A Activity (3) Portfolio (3) Team (2) Offices (1) M&A Connections (1) M&A Advisors (4) Analytics Patient Square Capital is a private investment firm specializing in the healthcare sector. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. By providing your email address below, you are providing consent to Hanger to send you the requested Email Alert updates. Effective today, we finalized the transaction with Patient Square Capital, transitioning Hanger to a private company. Proskauer Rose LLP is acting as financing legal counsel to Ares Capital Management LLC. Effective today, we finalized the transaction with Patient Square Capital, transitioning Hanger to a private company.This is an exciting next chapter that will enable us to pursue future growth . Hanger is a leading provider of orthotics and prosthetics (O&P) patient care services and solutions. austin, texas, october 03, 2022 -- ( business wire )--hanger, inc. (nyse: hngr), a leading provider of orthotic and prosthetic (o&p) patient care services and solutions, today announced the. Patient Square Capital has had 2 exits. View All Hanger Media. The contents of the Site may contain forward-looking statements that are based on managements beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, the firm itself or its investments. This is an exciting next chapter that will enable us to . Square Capital is the company's small business financing arm. Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be. These statements often include words such as believe, expect, project, potential, anticipate, intend, plan, estimate, seek, will, may, would, should, could, forecasts or similar words. Additional details can be found in a Current Report on Form 8-K to be filed by Hanger with the Securities and Exchange Commission. Upon completion of the transaction, Hanger will become a privately held company, and its common stock will no longer be traded on the New York Stock Exchange (NYSE). You can change your cookie settings at any time from within your web browser. Hanger Inc, a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announces that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm. We believe these assumptions are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent releases or reports. Hanger, Inc. Completes Acquisition by Patient Square Capital. Total Enterprise Value of Approximately $1.25 Billion. You acknowledge that the content of the Site is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets. This press release contains statements that are forward-looking statements within the meaning of the federal securities laws. You can change your cookie settings at any time from within your web browser. About Hanger, Inc. Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment,. To the extent that holdings of Hangers securities have changed since the amounts set forth in the Annual Meeting Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information relating to the foregoing can also be found in Hangers Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on February 28, 2022 and Hangers definitive proxy statement for its 2022 Annual Meeting of Stockholders (the Annual Meeting Proxy Statement) filed with the SEC on April 7, 2022. Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm. These statements involve risks, estimates, assumptions, and uncertainties that could cause actual results to differ materially from those expressed in these statements and elsewhere in this press release. About Hanger, Inc. Headquartered in Austin, Texas, Hanger, Inc. (NYSE: HNGR) provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment,. These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. Health Care Providers. AUSTIN, Texas-(BUSINESS WIRE)-Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction. The Firm seeks opportunities to invest broadly across the healthcare industry, including technology-enabled services, biopharmaceuticals, the pharmaceutical value chain, medical devices, diagnostics, providers, digital health and consumer health. You acknowledge that the content of the Site is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets. Purpose-built to be the preeminent investment firm in health care | Patient Square Capital is a dedicated health care investment firm that will make outstanding investments by partnering with best-in-class management teams whose products, services and technologies improve health. Hanger stockholders would receive $18.75 . PatientSquare@DLPR.com, Meghan WilliamsExternal Communications Manager Hanger, Inc. HNGR. 512-777-3701 Transaction DetailsThe transaction will be financed through a combination of committed equity financing provided by Patient Square Equity Partners, LP, as well as committed debt financing to be led by funds managed by Ares Capital Management LLC. Austin, Texas, July 21, 2022 - (BUSINESS WIRE) Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announced today that it has entered into a definitive agreement to be acquired by Patient Square Capital, a dedicated health care investment firm. Patient Square invests in businesses that strive to improve patient lives, strengthen communities, and create a healthier world. Forward-looking statements include information concerning the effects of the merger (the Merger) of Hanger, Inc. (Hanger) and Hero Merger Sub, Inc. (Merger Sub), a subsidiary of Hero Parent, Inc. (Parent), pursuant to the terms of the Agreement and Plan of Merger, dated as of July 21, 2022, by and among Parent, Merger Sub and Hanger, including our current expectations, estimates and projections about the potential benefits of the transaction, our liquidity and our possible or assumed future results of operations, including descriptions of our business strategies. Hanger, Inc. (443) 213-0503 All Rights Reserved. Patient Squares team of industry-leading executives is differentiated by the depth of focus in health care, the breadth of health care investing experience, and the network it can activate to drive differentiated outcomes. To continue to use this site you must consent to the use of cookies as described in our Website Privacy Notice unless you have disabled them. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. AUSTIN, Texas--(BUSINESS WIRE)-- These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. AUSTIN, Texas-- (BUSINESS WIRE)-- Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its previously announced transaction to be acquired by Patient Square Capital, a leading dedicated health care investment firm, in an all-cash transaction. Stockholders of Hanger are urged to read the definitive proxy statement and other relevant materials filed with the SEC when they become available because they will contain important information about Hanger, Parent, Merger Sub and the Merger. Patient Square leverages its deep and established network to . To sign up for news email alerts, please enter your email address in the fields below and select at least one alert option. 2022 Patient Square Capital. AdvisorsBofA Securities, Inc. is acting as the exclusive financial advisor to Hanger, and Foley & Lardner LLP is serving as legal counsel. NEW YORK - July 22, 2022- Global law firm Greenberg Traurig, LLP is representing Patient Square Capital as deal counsel in connection with its announced entry into a definitive merger agreement to acquire Hanger, Inc. (NYSE: HNGR) for cash consideration of $18.75 per share, representing a total enterprise value of approximately $1.25 billion. Patient Square Capital 's most notable exits include Eargo and Roivant Sciences. AUSTIN, Texas--(BUSINESS WIRE)--Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced that its stockholders approved at a special meeting the acquisition of Hanger by Patient Square Capital, a leading dedicated health care investment firm.Vinit Asar, Hanger's President and Chief Executive Officer said, "I would li.. Under the terms of the agreement, which has been unanimously approved by Hangers Board of Directors, Hanger stockholders will receive $18.75 in cash per share, representing an approximately 29% premium to the 30 calendar day volume-weighted average price (VWAP) ending July 20, 2022, and a total enterprise value of approximately $1.25 billion.
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