Hanger Orthopedic Group Inc. / HGR
Retired U.S Army soldier and Squad Leader with the 101st Airborne Division, 28-year-old Heath Calhoun lost both legs in Iraq on November 7, 2003 when his convoy was hit by a rocket propelled grenade. A Hanger patient, Calhoun now runs with two sprinting legs, walks with two microprocessor knees, and is skiing competitively for a spot on the U.S. Paralympic Ski Team. (Photo: Courtesy of company.)
About Hanger Orthopedic Group Inc.
2 Bethesda Metro Center, Suite 1200, Bethesda, Md. 20814
www.hanger.com
| 301-986-0701
| Founded: 1861
Industry: Health Care | Category: Top 100 Companies
Founded by a Confederate Civil War amputee who designed his own artificial limb, Hanger is a market leader in prosthetics sales and prosthetics patient care.
The company had record sales of $599 million in 2006, an increase of 4 percent over 2005 sales.
Hanger's profit has grown slowly in recent years. The company launched products last year that may help.
It partnered with international manufacturer Ossur on the Power Knee, the first prosthetic leg to incorporate motors, robotics and artificial intelligence. Hanger also launched WalkAide, an electrical stimulation device designed to help some patients with spinal cord injuries walk with a more natural gait; Hanger says more such devices are coming.
The company said a refinancing in 2006 gave it the stability and flexibility to acquire additional practices and expand its offerings. Acquisitions made possible by the refinancing included the Regional Artificial Limb & Brace in Fargo, N.D., and a care center, Temple Medical, in Meridian, Miss.
Chairman: Ivan R. Sabel
President and CEO: Thomas F. Kirk
2007 Financial Data
Total employees: 3,400 | Local employees: 600Company Leadership
| Ivan R. Sabel | Chairman and CEO |
| Thomas F. Kirk | President and COO |
Source: Compensation data provided by Equilar, Inc..
Did You Know
Hanger Orthopedic Group Inc. makes and distributes braces and prosthetic devices and provides patient-care services. It owns and operates 619 patient-care centers in 45 states and the District.
