Navigation Links
Hanger Orthopedic Group, Inc. Receives Upgrade from Standard & Poor's Rating Services
Date:6/22/2009

BETHESDA, Md., June 22 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. (NYSE: HGR) is pleased to announce that Standard & Poor's Rating Services raised its rating on Hanger Orthopedic Group, Inc. to "B+" from "B." S&P also raised the issue level rating on Hanger's senior secured debt to "BB-" from "B+" and senior unsecured debt to "B-" from "CCC+." S&P has also given Hanger a "Stable" outlook.

"We are extremely pleased with the S&P upgrade especially given the current economic environment," remarked George McHenry, Hanger's Chief Financial Officer. Mr. McHenry added, "The upgrade reflects, among other things, our consistent performance over the last three years, solid liquidity as well as no significant near-term debt maturities."

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 675 patient care centers in 45 states and the District of Columbia, with over 3,500 employees, including 1,083 practitioners (as of March 31, 2009). 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 leading provider network management company for the orthotics and prosthetics industry. The fourth unit, Innovative Neurotronics, introduces emerging neuromuscular technologies developed through independent research in a collaborative effort with industry suppliers worldwide. For more information on Innovative Neurotronics, Inc. or the WalkAide, visit http://www.ininc.us. For more information on Hanger, visit http://www.hanger.com.


'/>"/>
SOURCE Hanger Orthopedic Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Hanger Orthopedic Group, Inc. Announces Two Acquisitions Totaling $5.3 Million of Annual Net Revenue
2. Hanger Orthopedic Group, Inc. Reports $0.14 EPS on 26.6% Increase in Net Income for the First Quarter 2009
3. Hanger Orthopedic Group, Inc. Announces First Quarter 2009 Earnings Release Conference Call
4. Hanger Orthopedic Group, Inc. Reports $0.26 Pro Forma EPS on 8.6% Sales Growth for the Fourth Quarter 2008
5. Hanger Orthopedic Group Welcomes Vinit Asar as Chief Growth Officer
6. Hanger Orthopedic Group, Inc. Announces Six Acquisitions Totaling $8.9 Million of Annual Net Revenue
7. Hanger Orthopedic Group, Inc. Announces 2008 Year-End Earnings Release Conference Call
8. Parker College of Chiropractic Education Launches Recruiting Campaign for Career Changers and Potential Students
9. Hanger Orthopedic Group, Inc. Receives Favorable New Code for WalkAide
10. Hanger Orthopedic Group, Inc. Exceeds Estimates on a 10% Sales Increase and a 28% EPS Increase to $0.23 for the Third Quarter 2008
11. Hanger Orthopedic Group, Inc. Announces Underwritten Public Offering by Shareholder
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/2/2016)... ... May 02, 2016 , ... Consultative health ... and GM Jim Callandrillo and Duane Reed, VP of business development of AJMC ... Intelligence and Research Group (PBIRG) General Meeting from May 15-17 at the ...
(Date:5/2/2016)... ... 2016 , ... Atlantic Information Services, Inc. (AIS) is pleased to announce its ... the Pharma Landscape .” CMS recently proposed a test of alternate payment models for ... preserving care provided to beneficiaries. The webinar will review the details of this model, ...
(Date:5/2/2016)... ... May 02, 2016 , ... For many artists, the act ... Walter has developed it into a science. , Using the new, highly precise ... differentiated shades that add depth and meaning to his works. What’s more, it has ...
(Date:5/2/2016)... ... 2016 , ... The debilitating disease of arthritis can bring patients a hefty ... must deal with prescription costs to treat arthritis over the course of a lifetime. ... the pharmacy on many common prescriptions. , Arthritis , Although arthritis is a very ...
(Date:5/2/2016)... ... May 02, 2016 , ... Summit BHC ... the opening of Twin Lakes Recovery Center. Located east of Atlanta in ... state. The residential facility is set on 34 acres of beautiful, secluded ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... , April 29, 2016 ... Review, H1 2016" market research report that provides ... with comparative analysis at various stages, therapeutics assessment ... of administration (RoA) and molecule type, along with ... It also reviews key players involved in the ...
(Date:4/29/2016)... April 29, 2016 Glycotope GmbH, ... today announces the appointment of Dr. Alfredo Zurlo ... is an oncologist with many years clinical experience and ... industries. His last role was at Mologen AG where ... Executive Board. Previously Dr. Zurlo held various positions at ...
(Date:4/28/2016)... April 28, 2016  While Abbott,s announced purchase ... company,s valve repair and stent business, healthcare research ... Abbott more firmly into patient monitoring.  Kalorama said ... growing device areas, with double-digit growth expected the ... Advanced Remote Patient Monitoring . Abbott ...
Breaking Medicine Technology: