December 1, 2022
AUSTIN, Texas, Dec. 1, 2022 – Hanger, Inc., a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, today announced the completion of its transaction to acquire Surestep, a manufacturer of custom pediatric orthotic devices.
Surestep Founder and Chief Executive Officer (CEO) Bernie Veldman said: “Our priority is fabricating quality products that provide life-changing outcomes, and this partnership will enable us to leverage the strengths of a national company to ultimately serve an even greater population of children in need.”
The collaboration will provide Surestep with access to resources to help solidify its position as the leading manufacturer of custom pediatric orthotics, and is a continuation of Hanger’s investment in its recently launched Pediatric Specialty, which was designed to help ensure children from infancy to young adulthood have access to the highest quality, individualized O&P care. The transaction also includes the Surestep’s sister company, Transcend O&P, which includes 13 patient care clinic locations in six states.
“We have long been admirers of the work of Surestep and Transcend, and we share their commitment to delivering high quality clinical care, products, and services,” commented Hanger Chief Operating Officer Pete Stoy. “There are a lot of similarities in the cultures of our businesses and what drives us – most notably, the close alignment with our purpose of empowering human potential together, and we are thrilled to welcome their team to the Hanger family.”
Surestep will be managed independent of Hanger Clinic, and the business will maintain its brand, leadership, and team, led by CEO Veldman. Transcend O&P and its employees will integrate into the Hanger Clinic business.
“For more than 20 years, Surestep has been the provider of choice for pediatric custom orthoses, and will continue providing the excellent customer experience on which we have built our reputation,” shared Veldman. “Our business values, culture and unwavering dedication to the O&P field will only grow stronger, while expanding access to materials, technology, resources and development that will benefit the profession as a whole.”
About Hanger, Inc. – Headquartered in Austin, Texas, Hanger, Inc. is a leading provider of orthotic and prosthetic (O&P) patient care services and products. The company operates as an ecosystem of diversified companies delivering complementary solutions to individuals and providers with O&P needs, and is organized in two business segments – Patient Care and Products & Services. Through its Patient Care segment, Hanger provides comprehensive, outcomes-based O&P services to individuals of all ages at more than 925 Hanger Clinic locations nationwide. Through its Products & Services segment, Hanger serves the broader O&P community and skilled nursing facilities through designing and distributing branded and private label O&P devices, products and components, providing consulting services, and offering post-acute rehabilitative solutions. Rooted in clinical research, excellence, and innovation, Hanger is a purpose-driven company focused on empowering human potential. For more information, visit corporate.hanger.com.
About Surestep – Headquartered in South Bend, Ind., Surestep is a leading manufacturer of pediatric orthotic devices designed to benefit children with mobility challenges, and is part of the Hanger, Inc. ecosystem of diversified companies. With uniquely flexible, proprietary plastic, Surestep fabricates orthoses designed to achieve dynamic stability, providing optimal fit, function, and comfort for patients. Surestep partners with a vast network of orthotic and prosthetic providers throughout the United States and in more than 30 countries to deliver bracing solutions. For more information about Surestep visit surestep.net.
Contact:
Annie Myers
External Relations Manager
(210) 440-7380 or [email protected]