Navigation Links
Hanger Orthopedic Group Reports First Quarter Results
Date:4/27/2011

tain other covenants. The amendment (i) reduced the interest rate margin applicable to the term loan under the Credit Agreement by 0.75% to 3.00% and (ii) reduced the LIBOR floor applicable to the term loan under the Credit Agreement from 1.50% to 1.00%.  The Company estimates that the changes will increase EPS by $0.03 during fiscal 2011 and has adjusted guidance accordingly. As of March 31, 2011, the Company had $106.3 million in total liquidity, which included $19.7 million of cash and $86.6 million available under the revolving credit facility.  The $86.6 million available from the revolving credit facility is net of letters of credit of $3.4 million and borrowings of $10.0 million.

"This quarter our patient care centers were challenged with an extended period of bad weather affecting many parts of the country. Our team rose to the occasion by controlling  expenses, which allowed us to meet our EPS target and to deliver double-digit earnings growth for the quarter," commented Thomas F. Kirk, President and Chief Executive Officer of Hanger Orthopedic Group.  Mr. Kirk added, "We are comfortable with the prospects for growth in our patient care business for the remainder of 2011.  The assimilation of ACP into the Hanger family is progressing as planned. As a result, we remain optimistic about the balance of the year."

The Company has substantially completed the relocation of its corporate headquarters from Bethesda, Maryland to Austin, Texas. The cost of the move is reported as a separate component of income from operations.  The Company anticipates incurring $1.0 to $2.0 million of additional costs in 2011 as the final employee moves are completed.

For 2011, Hanger is increasing guidance. The Company continues to expect full year revenues of between $945 million and $955 million and has increased the expected range of adjusted diluted EPS to $1.66 to $1.71, from $1.63 to $1.68, due to the expected impact of the
'/>"/>

SOURCE Hanger Orthopedic Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine technology :

1. Hanger Orthopedic Group, Inc. Announces First Quarter 2011 Earnings Release Conference Call
2. Hanger Orthopedic Group, Inc. Announces Fourth Quarter 2010 Earnings Release Conference Call
3. Hanger Orthopedic Group, Inc. Completes Exchange Offer of 7 1/8% Senior Notes Due 2018
4. Hanger Orthopedic Group, Inc. Announces Pricing of Underwritten Public Offering by Shareholder
5. Hanger Orthopedic Group, Inc. Announces Expiration of Offer to Purchase Outstanding 10 1/4% Senior Notes Due 2014
6. Hanger Orthopedic Group, Inc. Announces Early Tender Results of Offer to Purchase Outstanding 10-1/4% Senior Notes Due 2014
7. Hanger Orthopedic Group, Inc. Announces Pricing of $200 Million of Senior Notes
8. Hanger Orthopedic Group Signs Definitive Merger Agreement To Acquire Accelerated Care Plus
9. Hanger Orthopedic Group Announces Preliminary Third Quarter Revenue and Earnings
10. FDAs Just Approved Monthly Drug Treatment, Vivitrol Could Be Game Changer, Says Countrys Largest Drug Treatment Recovery President, CRCs Jerry Rhodes; Provides Addicts One Decision A Month Instead of 30
11. Hanger Orthopedic Group, Inc. Announces Third Quarter 2010 Earnings Release Conference Call
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/26/2014)... 2014  Perrigo Company plc ("Perrigo") (NYSE: ... Affordable Healthcare Products®," today announced the closing of Perrigo,s ... of 6,809,210 ordinary shares at a public offering price ... the option to purchase up to an additional 888,157 ... Capital Inc., as representatives of the several underwriters. ...
(Date:11/26/2014)... THE WOODLANDS, Texas , Nov. 26, 2014 ... LXRX ) today announced the completion of previously ... of $280.0 million.  After fees and estimated offering ... million from the transactions.  The transactions consisted of: ... shares of common stock, pursuant to a registration ...
(Date:11/26/2014)... CUMBERLAND, Md. , Nov. 26, 2014  Over ... half of those suffer from this pain daily. Chronic ... specialty of pain management is born to fulfill the ... treat all types of pain. On October ... to the Cumberland, Maryland community.  ...
Breaking Medicine Technology:Perrigo Company plc Announces The Closing Of Its Registered Public Offering Of Ordinary Shares 2Perrigo Company plc Announces The Closing Of Its Registered Public Offering Of Ordinary Shares 3Perrigo Company plc Announces The Closing Of Its Registered Public Offering Of Ordinary Shares 4Lexicon Announces Completion Of $280 Million In Financing Transactions 2Lexicon Announces Completion Of $280 Million In Financing Transactions 3New Pain Management Center Opens in Cumberland, Md. 2
(Date:11/28/2014)... NY (PRWEB) November 28, 2014 Junk-A-Car ... companies, is expanding their service offerings to help drivers, ... City, Philadelphia and Washington, D.C. metropolitan areas deal with ... sweep across a large part of the country. , ... areas resulting in hundreds of totaled, crashed and ...
(Date:11/28/2014)... Mequon, Wisconsin (PRWEB) November 28, 2014 ... facial plastic surgeons , announced the expansion of Quintessa ... new center will be located at W307 N1497 Golf ... 2015. , According to Dr. Campbell, the new Delafield ... non-surgical procedures for patients, including: Botox, filler ...
(Date:11/28/2014)... 28, 2014 Secura Consultants, based ... insurance marketing organizations in the country focused on ... protection marketplace. Secura Consultants is proud to offer ... Financial Group, a leading global financial company. , ... With the ownership interest comes the need for ...
(Date:11/28/2014)... November 28, 2014 Not only is ... products free of petroleum, parabens and other cancer-causing agents, ... fund research, education and awareness programs that help in ... and owners have raised an incredible, record-breaking contribution of ... Cure, sales of the Sweet Red Rose Whip Moisturizer ...
(Date:11/28/2014)... 2014 More than 2,100 Stryker ... filed in a New Jersey litigation that involves ... LLP reports. , A Case List updated ... reflects the filing of 2,160 claims over the ... were voluntarily recalled on July 6, 2012 by ...
Breaking Medicine News(10 mins):Health News:Junk-A-Car Expanding Service to Assist U.S. Car Owners That May be Affected by Severe Winter Storms 2Health News:Dr. Andrew Campbell to Expand Quintessa Aesthetic Center into Delafield 2Health News:Secura Consultants Offers Complimentary Buy-Sell Agreement Reviews 2Health News:Éminence Organic Skin Care Donates Record-breaking $30,000 to Breast Cancer Research 2Health News:Éminence Organic Skin Care Donates Record-breaking $30,000 to Breast Cancer Research 3Health News:More than 2,100 Stryker Hip Lawsuits Included in New Jersey Litigation after Settlement Announcement, Bernstein Liebhard LLP Reports 2Health News:More than 2,100 Stryker Hip Lawsuits Included in New Jersey Litigation after Settlement Announcement, Bernstein Liebhard LLP Reports 3
... of Health Insurance Convention Expected to Draw ... Thousands of Protestors to San Francisco,Delgadillo to Discuss Legal Efforts to ... and Unfair Business Acts and Practices" of Insurers, ... national day of,protest against health insurance corporations, Los Angeles City Attorney,Rocky ...
... the team that made the discovery, Professor Christopher Rowe ... and treatment presents medical practitioners with the best opportunity ... is at an experimental stage, this work places Australia ... Rowe says. , A 2004 Access Economics report calculated ...
... lane 1? , Researchers at the University of Alberta ... time are reporting findings that may have sprinters thinking twice ... by Dave Collins, professor of physical education and recreation, and ... at the Olympic Games would allow racers closer to the ...
... Hosts, Live Call-ins, Interactive Blogs on Topics From Holistic Health ... ... BOCA RATON, Fla., June 18 BocaRaton.com and The Bites!,Network ... called "The Insight" featuring three hosts who will,discuss various topics ...
... Calif., June 18 Nuvelo, Inc.,(Nasdaq: NUVO ) ... chairman,and chief executive officer, will present at the Jefferies ... 1:30 p.m. ET in New,York City., A live ... via,the Investor Relations portion of Nuvelo,s website at ...
... SUNNYVALE, Calif., June 18 Accuray,Incorporated (Nasdaq: ARAY ... today that its president and chief executive officer, Euan ... Healthcare,Conference on Thursday, June 26, 2008 at 10:15 a.m. ... the presentation will be available online from the,investor relations ...
Cached Medicine News:Health News:L.A. City Attorney Rocky Delgadillo, Patient Activists to Unveil New Television Ad Targeting Health Insurers 2Health News:L.A. City Attorney Rocky Delgadillo, Patient Activists to Unveil New Television Ad Targeting Health Insurers 3Health News:Advance towards early Alzheimer's diagnosis 2Health News:Sprinters closest to starter pistol have advantage over those farther away, says study 2Health News:A South Florida Premiere 2Health News:Accuray Incorporated's CEO to Speak at Jefferies Second Annual Healthcare Conference 2
... The Targis® System uses ... -TUMT®) to deliver precisely targeted ... prostate tissue creating coagulative necrosis ... parameter feedback system continually monitors ...
Fast, accurate SpO2 measurements always within reach....
Incontinence Pessaries...
Incontinence Dish - Stress Incontinence with mild prolapse. Incontinence Dish with support - Stress Incontinence with mild prolapse and mild cystocele...
Medicine Products: