About Hanger Clinic
Hanger Clinic is a company based in Austin (United States) founded in 1861 was acquired by Patient Square Capital in July 2022.. Hanger Clinic has raised $14 million across 2 funding rounds from investors including Thompson Investment Management and Patient Square Capital. The company has 5,200 employees as of December 31, 2021. Hanger Clinic has completed 3 acquisitions, including Accelerated Care Plus, Surestep and Wvpo. Hanger Clinic offers products and services including Prosthetics, Orthotics, and Cranial Helmets. Hanger Clinic operates in a competitive market with competitors including Commons Clinic, Beacon Orthopaedics & Sports Medicine, OrthoArizona, EmergeOrtho and OrthoCarolina, among others.
- Headquarter Austin, United States
- Employees 5200 as on 31 Dec, 2021
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hanger, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 2 rounds
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Latest Funding Round
$14 M (USD), Private Equity Round
Nov 19, 2018
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Investors
Thompson Investment Management
& 1 more
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Employee Count
5200
as on Dec 31, 2021
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Investments & Acquisitions
Accelerated Care Plus
& 2 more
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Acquired by
Patient Square Capital
(Jul 21, 2022)
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Products & Services of Hanger Clinic
Hanger Clinic offers a comprehensive portfolio of products and services, including Prosthetics, Orthotics, and Cranial Helmets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom artificial limbs for amputees to enhance mobility.
Braces and supports for musculoskeletal and spinal issues.
Helmets designed for pediatric skull shaping and protection.
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Funding Insights of Hanger Clinic
Hanger Clinic has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $14 million completed in November 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $14.0M
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First Round
First Round
(06 Mar 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Private Equity Round - Hanger Clinic | Valuation | Thompson Investment Management |
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| Mar, 2018 | Amount | Debt – Conventional - Hanger Clinic | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hanger Clinic
Hanger Clinic has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Thompson Investment Management and Patient Square Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Patient Square Capital is focused on health care investments.
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Founded Year | Domain | Location | |
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Offers investment portfolio management, retirement plans, and mutual funds for clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hanger Clinic
Hanger Clinic has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Accelerated Care Plus, Surestep and Wvpo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Knee braces and orthotics are manufactured in South Bend.
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2000 | ||||
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FDA-cleared devices for dysphagia treatment are developed and provided.
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1999 | ||||
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A company named Wvpo is linked to the domain wvpo.net.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hanger Clinic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hanger Clinic Comparisons
Competitors of Hanger Clinic
Hanger Clinic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Commons Clinic, Beacon Orthopaedics & Sports Medicine, OrthoArizona, EmergeOrtho and OrthoCarolina, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Chain of orthopedic clinics
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| domain | founded_year | HQ Location |
Chain of orthopedic clinics
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| domain | founded_year | HQ Location |
Chain of orthopedic clinics
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| domain | founded_year | HQ Location |
Orthopedic services are provided through a chain of clinics.
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| domain | founded_year | HQ Location |
Orthopedic care including urgent services, physical therapy, and patient advice in North Carolina.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hanger Clinic
Frequently Asked Questions about Hanger Clinic
When was Hanger Clinic founded?
Hanger Clinic was founded in 1861 and raised its 1st funding round 157 years after it was founded.
Where is Hanger Clinic located?
Hanger Clinic is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Hanger Clinic?
Vinit Asar is the current CEO of Hanger Clinic.
Is Hanger Clinic a funded company?
Hanger Clinic is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $605M, raised on Mar 06, 2018.
How many employees does Hanger Clinic have?
As of Dec 31, 2021, the latest employee count at Hanger Clinic is 5,200.
What does Hanger Clinic do?
Hanger Clinic was founded in 1861 and operates as a chain of specialized clinics in the orthotics and prosthetics sector. Services focused on patient care, including custom fittings and rehabilitation support, are delivered across the United States, with headquarters in Austin, Texas. The network emphasizes medical device provision and therapeutic interventions for mobility needs. Leadership is provided by CEO Vinit Asar.
Who are the top competitors of Hanger Clinic?
Hanger Clinic's top competitors include Commons Clinic, OrthoArizona and IBJI.
What products or services does Hanger Clinic offer?
Hanger Clinic offers Prosthetics, Orthotics, and Cranial Helmets.
How many acquisitions has Hanger Clinic made?
Hanger Clinic has made 3 acquisitions, including Accelerated Care Plus, Surestep, and Wvpo.
Who are Hanger Clinic's investors?
Hanger Clinic has 2 investors. Key investors include Thompson Investment Management, and Patient Square Capital.