NEW YORK - July 22, 2022– Global law firm Greenberg Traurig, LLP is representing Patient Square Capital as deal counsel in connection with its announced entry into a definitive merger agreement to acquire Hanger, Inc. (NYSE: HNGR) for cash consideration of $18.75 per share, representing a total enterprise value of approximately $1.25 billion. Upon completion of the transaction, Hanger will become a privately held company, and its common stock will no longer be traded on the New York Stock Exchange.
Headquartered in Austin, Texas, Hanger provides comprehensive, outcomes-based orthotic and prosthetic (O&P) services through its Patient Care segment, with approximately 875 clinic locations nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products, and components, and provides rehabilitative solutions.
Patient Square Capital LLC is a dedicated health care investment firm that partners with best-in-class management teams whose products, services, and technologies improve health. Patient Square utilizes deep industry expertise, a broad network of relationships, and a true partnership approach to make investments in companies grow and thrive. Patient Square invests in businesses that strive to improve patient lives, strengthen communities, and create a healthier world. Patient Square’s team of industry-leading executives is differentiated by the depth of focus in health care, the breadth of health care investing experience, and the network it can activate to drive differentiated outcomes.
The Greenberg Traurig team representing Patient Square Capital is led by Ejim Peter Achi (Co-Managing Shareholder, New York, Corporate). He is assisted by Doron Lipshitz (Shareholder, New York, Corporate), Dmitriy A. Tartakovskiy (Shareholder, New York, Corporate), Jae Woo Park (Shareholder, New York, Corporate), Jim Cross (Shareholder, New York, Corporate), Richard Kim (Shareholder, New York, Corporate), Jeffrey Ekeberg (Shareholder, Chicago, Tax), Joseph J. Curran (Shareholder, Boston, Tax), David Greenberg (Shareholder, New York, Intellectual Property & Technology), Stephen Pepper (Shareholder, New York, Anti-Trust), Leanne Reagan (Shareholder, Miami, Employee Benefits), Jason Burns (Shareholder, New York, Labor and Employment), Sean Bezark (Shareholder, Chicago, Environmental), Julie Sullivan (Shareholder, Denver, Health Care), Tamara Rizkalla (Shareholder, Washington D.C., Health Care), Kara Bombach (Shareholder, Washington D.C., International Trade), Jim Mace (Shareholder, Las Vegas, Real Estate), Sonali Dohale (Of Counsel, Washington D.C., International Trade), Vanessa Krumbein (Of Counsel, Los Angeles, Labor and Employment), Patrick Seo (Associate, New York, Corporate), Alexander Sellinger (Associate, New York, Corporate), Michael R. Goodman (Associate, Denver, Health Care), Joan D. Timmins (Associate, Denver, Corporate), Manonh Soumahoro (Associate, New York, Corporate), Selina Yoo (Associate, New York, Corporate), Trudy-Anne McLeary (Associate, Miami, Corporate), Sascha James Alach (Law Clerk/JD, New York, Corporate), Sandy Chiu (Associate, New York, Intellectual Property & Technology), Henry Agee (Associate, Las Vegas, Real Estate), and Rebecca Rotem (Practice Group Attorney, Washington D.C., Anti-Trust).