Hanger Overview
- Year Founded
-
1860
- Status
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Private
- Employees
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5,600
- Latest Deal Type
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Debt
- Financing Rounds
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23
- Investments
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72
Hanger General Information
Description
Hanger Inc is a provider of products and services that assist in enhancing or restoring the physical capabilities of patients with disabilities or injuries. It operates through two segments, namely Patient Care and Products and Services. Patient Care segment is primarily comprised of Hanger Clinic, which specializes in the design, fabrication, and delivery of custom O&P devices through more than 700 patient care clinics. The products & Services segment is comprised of distribution and therapeutic solutions to businesses. The company generates a majority of its revenue from the Patient Care segment.
Contact Information
Website
www.corporate.hanger.comCorporate Office
- 10910 Domain Drive
- Suite 300
- Austin, TX 78758
- United States
Corporate Office
- 10910 Domain Drive
- Suite 300
- Austin, TX 78758
- United States
Hanger Timeline
Hanger Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Hanger Comparisons
Industry
Financing
Details
Hanger Competitors (13)
One of Hanger’s 13 competitors is Medtronic, a Corporation company based in Minneapolis, MN.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Medtronic | Corporation | Minneapolis, MN | ||||
| Tenet Healthcare | Corporation | Dallas, TX | ||||
| Reliant Rehabilitation | Private Equity-Backed | Plano, TX | ||||
| Globus Medical | Formerly VC-backed | Audubon, PA | ||||
| Orthofix International | Formerly PE-Backed | Lewisville, TX |
Hanger Patents
Hanger Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250132050-A1 | Systems and methods for displaying health metrics | Pending | 23-Oct-2023 | ||
| US-20220183861-A1 | Additive manufacturing techniques for protective devices | Pending | 11-Dec-2020 | ||
| US-20220188453-A1 | Systems and methods for encoded clinical data communication | Pending | 11-Dec-2020 | ||
| US-20220183871-A1 | Additive manufacturing techniques for orthotics | Pending | 11-Dec-2020 | ||
| US-20220183860-A1 | Additive manufacturing techniques for protective devices, prosthetics, and orthotics | Pending | 11-Dec-2020 | A61F2/78 |
Hanger Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Hanger Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Hanger Investments & Acquisitions (72)
Hanger’s most recent deal was a Buyout/LBO with Coapt. The deal was made on 20-Feb-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Coapt | 20-Feb-2025 | Buyout/LBO | Other Healthcare Technology Systems | ||
| O&P Insight | 01-Aug-2024 | Buyout/LBO | Clinics/Outpatient Services | ||
| Fillauer | 22-Feb-2024 | Buyout/LBO | Therapeutic Devices | ||
| Bolak & Associates | 30-Nov-2020 | Merger/Acquisition | Holding Companies | ||
| VerhI Dba Gulf Coast Orthotics And Prosthetics | 05-Nov-2020 | Merger/Acquisition | Therapeutic Devices |
Hanger Exits (1)
Hanger’s most recent exit was on 29-Oct-2012 from Orthopedic Associates of Grand Rapids. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Orthopedic Associates of Grand Rapids | 29-Oct-2012 | Completed |
|
Hanger Affiliates
Subsidiaries (19)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| O&P Insight | Las Vegas, NV | 2015 | |
| Surefit Shoes | Austin, TX | 2014 | |
| Mobility Prosthetics & Orthotics | Fredericksburg, VA | 2008 | |
| Western Montana Orthotics and Prosthetics | Missoula, MT | 2006 | |
| Abi Orthotic/prosthetic Laboratories | Youngstown, OH | 2002 |
Hanger FAQs
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When was Hanger founded?
Hanger was founded in 1860.
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Where is Hanger headquartered?
Hanger is headquartered in Austin, TX.
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What is the size of Hanger?
Hanger has 5,600 total employees.
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What industry is Hanger in?
Hanger’s primary industry is Clinics/Outpatient Services.
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Is Hanger a private or public company?
Hanger is a Private company.
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What is Hanger’s current revenue?
The current revenue for Hanger is .
-
How much funding has Hanger raised over time?
Hanger has raised $1.52B.
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Who are Hanger’s investors?
Patient Square Capital and Ares Management have invested in Hanger.
-
Who are Hanger’s competitors?
Medtronic, Tenet Healthcare, Reliant Rehabilitation, Globus Medical, and Orthofix International are some of the 13 competitors of Hanger.
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