Patient Square Capital to Acquire Hanger for $1.2b

Hanger, Inc. (NYSE: HNGR), a $1.14b provider of orthotic and prosthetic (O&P) patient care services and devices, announced that it will be taken private by Patient Square Capital, a private investment firm.  Hanger operates 875 clinic locations nationwide and distributes branded and private label O&P devices. Deal value - $1.25b on sales of $1.14b (1.1x) and EBITDA of $68m(18.4x).

Keywords: Healthcare Investment Banking, Healthcare M&A, Healthcare Mergers, Medical Devices, Orthotic and Prosthetic