February 28, 2024
AUSTIN, Texas–(BUSINESS WIRE)– Hanger, Inc., a leading provider of orthotic and prosthetic (O&P) patient care services and solutions, announced today the launch of Hanger Ventures, a subsidiary designed to focus on accelerating innovation, developing technology, and improving patient outcomes worldwide. Using robust clinical expertise and scale, Hanger Ventures will invest in entrepreneurs and small businesses, helping to bring innovative O&P healthcare solutions to the market.
“Hanger Ventures will enable us to provide resources typically not accessible to entrepreneurs and small businesses, collaborating from incubation to commercialization,” shared Hanger Chief Executive Officer (CEO) Pete Stoy. “This type of collaboration enables us to be at the forefront of innovation, with involvement in research and development centered around patient outcomes, ultimately providing more access and better care across the O&P community.”
Hanger’s Chief Clinical Officer James Campbell, Ph.D., who leads the Hanger Institute and Clinical and Scientific Affairs division, will now also serve as President of Hanger Ventures. Dr. Campbell has 40 years of experience in the O&P profession with distinction in leadership and research, and is a named inventor on five issued U.S. Patents.
“Dr. Campbell is uniquely qualified to lead Hanger Ventures, leveraging his expertise, the work of the Hanger Institute, and our nationwide outcomes data to move the entire practice of O&P forward,” shared Stoy.
“Only at Hanger are we positioned to collaborate in this capacity,” shared Dr. Campbell. “Hanger Ventures marks another significant step in our desire to transform O&P while creating value for our partners throughout the care continuum.”
For more information, visit www.hanger.com/ventures.
About Hanger Ventures – Hanger Ventures invests in entrepreneurs and small businesses that ignite clinical and technical advances in orthotics and prosthetics, and is part of the Hanger, Inc. ecosystem of diversified companies. Hanger Ventures is focused on accelerating innovation, developing technology, and improving patient outcomes worldwide. For more information, visit www.hanger.com/ventures.
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.
Contact:
Annie Myers
External Relations Manager
(210) 440-7380 or [email protected]