NEW YORK, May 14 /PRNewswire/ -- Hanger Orthopedic Group Inc. (NYSE: HGR) will replace Gevity HR Inc. (NASD: GVHR) in the S&P SmallCap 600 after the close of trading on a date to be announced. Gevity HR is being acquired by privately held TriNet Group, Inc. in a transaction expected to close soon.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Hanger Orthopedic Group Inc. owns and operates orthotic and prosthetic patient-care centers and distributes branded and private label orthotic and prosthetic devices and components. Headquartered in Bethesda, MD, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Health Care Facilities Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Hanger Orthopedic Health Care Health Care Facilities Group DELETED Gevity HR Information Technology Data Processing & Outsourced Services
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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|SOURCE Standard & Poor's|
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