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    Hanger Orthopedic Group Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 66,806 27.3
    Net Income 1,000 (53.2)
    Rank Last Year: 83

    Description:
    Hanger Orthopedic manufactures and fits patients with custom-made orthotic devices such as specialized braces and prosthetic limbs. The company operates four manufacturing plants and a chain of 81 patient care centers in 23 states.

    Business Resume:
    • Contact Info --
      7700 Old Georgetown Rd.
      Bethesda, Md. 20854
      301-986-0701
    • Main Business --
      Orthotic and
      prosthetic devices
    • Founded --
      1986
    • Chairperson --
      Ivan R. Sabel (CEO)
    • President --
      Ivan R. Sabel
    • Employees --
      1,000
    • D.C.-Area Employees --
      100
    Developments:
    The company continued as a highflier of Wall Street, with its stock price more than doubling since January 1996 to close Friday at $6.625. It became the nation's largest supplier of artificial limbs and braces last summer by buying a privately held rival, J.E. Hanger Inc. of Alpharetta, Ga., for $49 million in cash and stock.

    While assets of the company more than doubled, to $141.7 million, revenue last year jumped $14.3 million but profit fell by more than half, to $1 million.

    Copyright 1997 The Washington Post

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