Published:
Hanger Orthopedic Group, Inc. Receives Positive Outlook from Standard & Poor's Rating Services
BETHESDA, Md., July 2 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group,
Inc. (NYSE: HGR) 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 inBethesda, Maryland, is the
world's premier provider of orthotic and prosthetic patient care services.
Hanger is the market leader inthe United States, owning and operating 653
patient care centers in 46 states and theDistrict 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.
SOURCE Hanger Orthopedic Group, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: ,MTC,HEA,MD-Hanger-Orth-Group
_ _Is your favorite bookmark site missing?
Ask for it.
Search News
Daily News
