Hanger Orthopedic To Snap Up ACP In $155M Deal

Law360, New York (October 19, 2010, 12:57 PM EDT) -- Hanger Orthopedic Group Inc. has announced that it will shell out $155 million to acquire Accelerated Care Plus, a move the orthotic and prosthetic patient care services company said was in line with its strategy to achieve long-term growth through diversification of its revenue streams.

Austin, Texas-based Hanger said Monday that ACP — the nation’s leading provider of integrated clinical programs for sub-acute and long-term care rehabilitation providers — represented a “new but related growth platform” that will further diversify Hanger's distribution channels.

Hanger intends to...
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