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Blue Chip Growth

Stock Report: () Report Updated: Apr 25, 2016 | Print This Page

Get more stock ratings by Louis Navellier

(HGR)

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Stock Analysis

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Company Profile

Hanger, Inc. provides orthotic and prosthetic (O&P) patient care services, distributes O&P devices and components, manages O&P networks, and offers therapeutic solutions in the United States. It operates in two segments, Patient Care, and Products & Services. The Patient Care segment owns and operates O&P patient care clinics; and manages an O&P provider network that coordinates various aspects of O&P patient care for insurance companies. It also designs, fabricates, fits, and maintains a range of custom-made braces and other devices, including spinal, knee, and sports-medicine braces 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. In addition, this segment provides custom-made artificial limbs for patients, who are without limbs as a result of traumatic injuries, vascular diseases, diabetes, and cancer or congenital disorders. The Products & Services segment distributes O&P components to independent customers and its patient care clinics; fabricates and distributes therapeutic footwear for diabetic patients in the podiatric market; and provides specialized rehabilitation technologies and integrated clinical programs for post-acute rehabilitation to long-term care facilities and other sub-acute rehabilitation providers. It also offers V-Hold, a vacuum technology used in lower extremity prosthetic devices; and WalkAide system, which benefits patients with foot drop condition due to spinal cord injuries. As of December 31, 2013, the company provided O&P patient care services through approximately 740 patient care clinics and 1,300 clinicians in 45 states and the District of Columbia. The company was formerly known as Hanger Orthopedic Group, Inc. and changed its name to Hanger, Inc. in June 2012. Hanger, Inc. was founded in 1861 and is headquartered in Austin, Texas.