Hanger Overview

  • Year Founded
  • 1860

Year Founded

  • Status
  • Private

  • Employees
  • 5,600

Employees

  • Latest Deal Type
  • Debt

  • Financing Rounds
  • 23

  • Investments
  • 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

Formerly Known As
Hanger Orthopedic Group
Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Corporate Office
  • 10910 Domain Drive
  • Suite 300
  • Austin, TX 78758
  • United States
+1 (512)
Primary Industry
Clinics/Outpatient Services
Other Industries
Therapeutic Devices
Vertical(s)
Former Stock Listing
HO8
Corporate Office
  • 10910 Domain Drive
  • Suite 300
  • Austin, TX 78758
  • United States
+1 (512)

Hanger Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Hanger Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Hanger Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Hanger Inc is a provider of products and services that assist in enhancing or restoring the physical capabilities of pat
Clinics/Outpatient Services
Austin, TX
5,600 As of 2023

Minneapolis, MN
 

Dallas, TX
 
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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
You’re viewing 5 of 13 competitors. Get the full list »

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
To view Hanger’s complete patent history, request access »

Hanger Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Majestic Referring Domains

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Hanger Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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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
You’re viewing 5 of 72 investments and acquisitions. Get the full list »

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
To view Hanger’s complete exits history, request access »

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
You’re viewing 5 of 19 affiliates. Get the full list.  »

Hanger FAQs

  • When was Hanger founded?

    Hanger was founded in 1860.

  • Where is Hanger headquartered?

    Hanger is headquartered in Austin, TX.

  • What is the size of Hanger?

    Hanger has 5,600 total employees.

  • What industry is Hanger in?

    Hanger’s primary industry is Clinics/Outpatient Services.

  • Is Hanger a private or public company?

    Hanger is a Private company.

  • 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.

  • 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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