Hanger Orthopedic Group, Inc. Announces Three Acquisitions Totaling Over $3.5 Million of Annual N... ( BETHESDA Md. Nov. 28 /- Hanger Or...)

Hanger Orthopedic Group, Inc. Announces Three Acquisitions Totaling Over $3.5 Million of Annual Net Revenue

Date:11/28/2007

BETHESDA, Md., Nov. 28 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. (NYSE: HGR) is pleased to announce that it has acquired Stagner Orthopedic Services, Specialized Prosthetic & Orthotic Technologies, Inc., and MHC Prosthetics LLC. These acquisitions will provide Hanger with additional patient care centers in Tennessee, Utah and Maryland, respectively.

Chairman and CEO, Ivan R. Sabel stated, "We are very pleased to welcome the professionals from these acquisitions to our team. The acquisition of these practices strengthens our market positions in Nashville, TN and the Baltimore/Washington, D.C. area and provides us with access to a new market in Salt Lake City, UT. Moreover, these acquisitions were financed with internally generated cash flows and are immediately accretive to earnings. These transactions continue to validate our focused, market-based, acquisition growth strategy for our patient care centers."

Hanger Orthopedic Group, Inc., headquartered in Bethesda, Maryland, is the world's premier provider of orthotic and prosthetic patient care services. Hanger is the market leader in the United States, owning and operating 629 patient care centers in 45 states and the District of Columbia, with over 3,500 employees including 1060 practitioners (as of 9/30/07). Hanger is organized into four units. The two key operating units are patient care which consists of nationwide orthotic and prosthetic practice centers and distribution which consists of distribution centers managing the supply chain of orthotic and prosthetic componentry to Hanger and third party patient care centers. The third is Linkia which is the first and only provider network management company for the orthotics and prosthetics
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