August 8, 2008
Hanger Orthopedic Group, Inc. Receives Positive Outlook From Moody’s Investors Service
BETHESDA, Md., Aug. 8 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. is pleased to announce that Moody's Investors Service revised its outlook for Hanger Orthopedic Group, Inc. to "positive" from "stable." Moody's also affirmed Hanger's corporate family credit rating at "B2."
"We are pleased with the outlook change from Moody's as it reflects our strong performance over the last ten quarters," 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 661 patient care centers in 45 states and the District of Columbia, with over 3,500 employees, including 1,060 practitioners (as of June 30, 2008). 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, George McHenry, or Kenneth Abod, all of HangerOrthopedic Group, Inc., +1-301-986-0701
Web site: http://www.hanger.com/