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HANGER (HNGR) Stocks

ABOUT HANGER

📊 Hanger, Inc. is a global leader and supplier of orthotic and prosthetic (O&P) services and product.

📊 The company’s portfolio offers integrated rehabilitative solutions, clinical solutions, therapeutic solutions as well as products and related services to patients with injuries and disabilities. The company has more than 670 patient care clinics in 44 states and the District of Columbia.

📊 Hanger operates through its subsidiaries Southern Prosthetic Supply, Innovative Neurotronics, Inc., SPS National Labs, Accelerated Care Plus, Linkia, Hanger Fabrication Network, Hanger Clinic and SureFit.

📊 Hanger, Inc. has approximately 4 900 employees, including nearly 1 500 orthotic and prosthetic practitioners. The company is headquartered in Austin, Texas.

HISTORY OF HANGER

  • In 1861 James Edward Hanger becomes the first American Civil War amputee and invents a prosthetic leg for himself. Soon he starts manufacturing theses “Hanger Limbs” to other amputee soldiers.

  • In 1871 the Hanger Limb receives a patent when the Association for the Relief of Maimed Soldiers receives public funding for United States wounded soldiers.

  • The company is soon named J.E. Hanger Company.

  • By 1890 the company has expanded to Philadelphia, St. Louis, Atlanta, Baltimore and Pittsburgh. J.E. Hanger Company is incorporated in 1906.

  • In the 1950 the company forms a subsidiary, Metal Limb Manufacturers, and it replaces wood and leather with ultra-light, strong magnesium. During these years the company adds orthotic services to its portfolio.

  • By the late 1980’s the company has several businesses and Hanger Orthopedic Group is created.

  • It has its initial public offering in 1991 and starts trading on the American Stock Exchange. During the next couple of years, the company buys almost 100 companies.

  • In 1998 the company moves from the American Stock Exchange to the New York Stock Exchange.

  • In 1999 it buys NovaCare Orthotics & Prosthetics. It is the company’s largest acquisition and adds approximately 400 centers to its portfolio.

  • Several more companies are purchased and the company is later named Hanger, Inc.

VISION & VALUES OF HANGER

  • Hanger, Inc. values integrity, collaboration, innovation and exceptional results.

  • The company’s goals are to make a positive impacts on its patients, communities, shareholders, employees and customers. Its vision is to be the leading orthotic & prosthetic company around the globe and to provide its shareholders and customers with value.

  • Through its Hanger Foundation, the company contributes to organizations that support individuals with physical challenges.

MARKET PERFORMANCE OF HANGER

  • Hanger, Inc. trades on the New York Stock Exchange under the NYSE stock symbol “HNGR”.

  • Data analysis for the company’s quarterly period ending June 30, 2019 reports net revenues of $ 281,098 thousand.

  • Total assets for the reported period are $ 780,835 thousand. Cash and cash equivalents are $ 38,229 thousand.

  • Potential investors can buy shares at a good price.

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