Hanger Orthopedic Group, Inc. announces name change to Hanger, Inc.

     Hanger Orthopedic Group, Inc. announces name change to Hanger, Inc.

PR Newswire

AUSTIN, Texas, June 8, 2012

AUSTIN, Texas, June 8, 2012 /PRNewswire/ --Hanger Orthopedic Group, Inc.
(NYSE: HGR) today announced it has changed its name to Hanger, Inc., effective
immediately. The company's NYSE stock symbol, HGR, remains unchanged. The
company's stockholders approved the name change at the company's Annual
Meeting of Stockholders on May 10, 2012.

"Hanger has grown and evolved over the years from solely an orthotic and
prosthetic patient care company to one of the leading clinical authorities in
the provision of integrated rehabilitative solutions with a full range of
services and products," said Hanger President and Chief Executive Officer
Vinit K. Asar. "When you consider our continuing disciplined diversification
strategy, our former company name was limiting. Having just celebrated our
150th anniversary, the timing is right to position the company for the future,
while continuing to emphasize the innovative legacy of our namesake, Mr. James
Edward Hanger, the first amputee of the American Civil War."

The name change is one aspect of a larger branding initiative that has been in
development for more than two years for Hanger and its patient care business.
In 2010, Hanger commenced a strategic branding effort that included partnering
with external experts to conduct extensive research with nearly 1,000 internal
and external stakeholders. The methodology consisted of market and internal
analyses, focus groups, surveys, and one-on-one interviews with patients and
customers, referral sources, industry thought leaders, investors, payers, and
competitors. In addition, this initiative has also led to the rebranding of
Hanger's core patient care business from Hanger Prosthetics & Orthotics to
Hanger Clinic.

Unveiled on February 1, 2012 at its Annual Hanger Education Fair and National
Meeting in Las Vegas, Nevada, the new brand identity includes new names,
logos, designs, and communications across Hanger's various businesses and
throughout Hanger Clinic's more than 700 clinics nationwide.

About Hanger -- Hanger, Inc., headquartered in Austin, Texas, is the world's
premier provider for services and products that enhance human physical
capability. Built on the legacy of James Edward Hanger, the first amputee of
the American Civil War, Hanger is steeped in 150 years of clinical excellence
and innovation. Hanger provides orthotic and prosthetic patient care
services, distributes O&P devices and components and provides therapeutic
solutions to the broader post-acute market. Hanger is the largest owner and
operator of orthotic and prosthetic patient care centers with in excess of 700
O&P patient care clinics located in 45 states and the District of Columbia.
Hanger, through its subsidiary Southern Prosthetic Supply, Inc, is also the
largest distributor of branded and private label O&P devices and components in
the United States. Hanger provides therapeutic solutions through its
subsidiaries Innovative Neurotronics and Accelerated Care Plus. Innovative
Neurotronics introduces emerging neuromuscular technologies developed through
independent research in a collaborative effort with industry suppliers
worldwide. Accelerated Care Plus is a developer of specialized rehabilitation
technologies and the nation's leading provider of evidence-based clinical
programs for post-acute rehabilitation serving more than 4,000 long-term care
facilities and other sub-acute rehabilitation providers throughout the U.S.
For more information on Hanger, visit www.hanger.com and follow us at
www.Facebook.com/HangerNews, www.Twitter.com/HangerNews, and
www.YouTube.com/HangerNews.

SOURCE Hanger Orthopedic Group, Inc.
 
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