Hanger Inc., a provider of orthotic and prosthetic (O&P) patient care services and solutions, has entered into an agreement to acquire Fillauer, an O&P manufacturer.
“We at Hanger have a long history of finding new ways to return personal independence to those with physical challenges by providing superior patient access, services, and clinical outcomes,” shares Pete Stoy, Hanger’s chief executive officer (CEO). “The next step in expanding our industry-leading research is leveraging that work, along with our robust nationwide outcomes data, during the development of O&P products. Bringing a manufacturing partner into the Hanger family will give us a better perspective earlier in the research and development phase, positioning us to drive innovation and proactively enhance patient outcomes.”
Fillauer is a family-owned company with a legacy of more than 100 years, focused on leading the evolution, design, and technology of O&P products and services to empower clinicians and patients to achieve their best functional outcomes.
“As two long-standing O&P companies, we’ve really enjoyed our relationship with Hanger through the years,” says Michael Fillauer, Fillauer CEO. “Hanger has been a great ally, a great partner, and a great friend to our organization. Our cultures and values are aligned, and together, we have the opportunity to enhance the impact we have on those we serve.”
The transaction is expected to close in Q1 of 2024.
About Hanger Inc.
Headquartered in Austin, Texas, Hanger Inc. provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment, with more than 900 Hanger Clinic locations nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products, and components, and provides rehabilitative solutions.
About Fillauer
Headquartered in Chattanooga, Tennessee, Fillauer prides itself on providing orthotic and prosthetic innovation to empower clinicians and patients to achieve their best functional outcomes. With manufacturing and R&D locations in Tennessee, Utah, Colorado, and Sweden, Fillauer supports a strong upper limb product line, a robust offering of prosthetic feet, a variety of orthotic devices, and a collection of tools, equipment, components, and materials.
Featured photo: Orthotic fitting appointment. Photo: Hangar
