July 2, 2008
Hanger Orthopedic Group, Inc. Receives Positive Outlook From Standard & Poor’s Rating Services
BETHESDA, Md., July 2 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. is pleased to announce that Standard & Poor's Rating Services revised its outlook for Hanger Orthopedic Group, Inc. to "positive" from "stable." S&P also affirmed Hanger's corporate credit rating at "B.""The outlook revision reflects positive prospects for WalkAide and our expectation for an improved financial risk profile," said Standard & Poor's credit analyst Rivka Gertzulin.
"We are pleased with the outlook change from S&P as it reflects our solid performance over the last nine quarters and further recognition of our new business prospects," remarked George McHenry, Hanger's Chief Financial Officer.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 653 patient care centers in 46 states and the District of Columbia, with over 3,500 employees, including 1,067 practitioners (as of 3/31/08). 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/.
Hanger Orthopedic Group, Inc.
CONTACT: Thomas Kirk, or George McHenry, or Kenneth Abod, all of HangerOrthopedic Group, Inc., +1-301-986-0701
Web site: http://www.hanger.com/