Hanger

Hanger

Orthotic and prosthetic care provider

About Hanger

Simplify's Rating
Why Hanger is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Austin, Texas

Founded

1861

Overview

Hanger designs, manufactures, and delivers orthotic and prosthetic care and products through two main paths. In Patient Care, Hanger operates over 925 clinic locations where clinicians provide comprehensive, outcomes-based O&P care for people of all ages, including assessment, fitting, therapy, and follow-up. In Products & Services, it designs, manufactures, and distributes branded and private-label O&P devices and components for the broader O&P community and skilled nursing facilities, plus consulting and post-acute rehabilitative solutions. The company differentiates itself by acting as an ecosystem that combines hands-on clinical care with a manufacturing and product supply chain, supported by research and innovation, to address a wide range of O&P needs. Its goal is to empower human potential by improving function and quality of life through customized orthotic and prosthetic solutions.

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Simplify's Take

What believers are saying

  • Orthotics market grows to $7.8B by 2030 at 7.4% CAGR from musculoskeletal disorders.
  • DARPA's $10M grants fund LTI's socket cooling and voice-control technologies since January 2026.
  • University of Colorado study shows 40% cost reduction via additive manufacturing for Point Designs.

What critics are saying

  • Integration failures from Coapt, LTI, Point Designs dilute Hanger's operations in 6-12 months.
  • CMS cuts slash revenues for Coapt's pattern recognition systems in 3-6 months.
  • FTC antitrust scrutiny blocks Hanger's Fillauer, Point Designs deals in 12-24 months.

What makes Hanger unique

  • Hanger acquires Coapt for myoelectric pattern recognition in upper-limb prosthetics.
  • Hanger integrates Liberating Technologies to advance voice-recognition and socket cooling.
  • Hanger buys Point Designs to pioneer additive manufacturing for partial hand prosthetics.

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Funding

Total Funding

$605M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Bonding Leave for New Parents

Flexible Work Hours

Employee Referral Bonus

Relocation Assistance

Stock Price

Company News

Hanger, Inc.
Mar 27th, 2026
Hanger Announces Impending Acquisition of Coapt - Hanger

Download PDF AUSTIN, Texas, February 20, 2025 – Hanger, Inc., a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announced today it has entered into an agreement to acquire Coapt, a Chicago-based firm that uses cutting-edge myoelectric technology to provide more intuitive and personal control for upper-limb prosthesis wearers. Coapt works with […]

Hanger, Inc.
Mar 19th, 2026
Hanger acquires Liberating Technologies to advance prosthetic research and development

Hanger, Inc., a leading orthotic and prosthetic patient care provider, has acquired Liberating Technologies, Inc. (LTI), a research organisation founded in 2000 and previously owned by Coapt. LTI's research team has secured numerous government-funded grants since 2008 to develop next-generation technologies for the orthotic and prosthetic field. LTI will join Hanger Ventures and the Hanger Institute for Clinical Research and Education to drive innovation in clinical care. The team will continue current grant-funded initiatives, including advancing voice-recognition technology for prosthesis control and developing socket cooling systems for residual limb skin health. Hanger acquired Coapt, LTI's previous owner, in 2025. With this acquisition, the complete Coapt portfolio now belongs to Hanger, which operates more than 925 clinic locations across the United States.

Hanger, Inc.
Aug 4th, 2025
Hanger Announces Impending Acquisition of Point Designs

AUSTIN, Texas, July 11, 2025 – Hanger, Inc., a leading provider of orthotic and prosthetic (OP) patient care services and solutions, announced today it has entered into an agreement to acquire Point Designs , a Colorado-based firm that uses cutting-edge technology to advance the field of partial hand prosthetic design with expertise in additive manufacturing and mechanical design. Point Designs was founded by researchers in the field of upper limb prosthetic design from the Weir Biomechatro

3DPrint.com
Aug 2nd, 2025
3D Printing News Briefs, August 2, 2025: Acquisition, LFAM, & More

We're starting off with business news in this weekend's 3D Printing News Briefs, as Hanger announced its impending acquisition of Point Designs.

Fort Worth Business Press
Apr 24th, 2025
Traci Sunstrum joins Hanger as Chief Financial Officer

Traci Sunstrum joins Hanger as Chief Financial Officer.

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