Hanger Orthopedic Group, Inc. (HGR) rated Buy with price target $27 by Jefferies
Hanger Orthopedic Group, Inc. (NYSE:
HGR) rated Buy with price target $27 by Jefferies.
Hanger Orthopedic Group Inc. owns and operates orthotic and prosthetic (O&P) patient-care centers in the United States. Hanger Orthopedic Group, through its wholly owned subsidiary, Southern Prosthetic Supply, Inc. (SPS), distributes branded and private label O&P devices and components in the United States, all of which are manufactured by third parties. The Company also creates new products, through its wholly owned subsidiary, Innovative Neurotronics, Inc. (IN Inc.) for patients who have had a loss of mobility due to strokes, multiple sclerosis or other similar conditions. In May 2009, the Company acquired Northwest Prosthetic & Orthotic Clinic and Inline Orthotic and Prosthetic Systems. In October 2009, Hanger Orthopedic Group Inc. acquired Creative Orthotics & Prosthetics, Inc., Custom Orthopedics of Wyoming and certain orthotics and prosthetics assets from the Hospital of the University of Pennsylvania.
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