BNET Industries

Market Cap:$431.9M
Last Fiscal Year Sales:$703.1M
  • Public
  • US
Dow Jones Description

Hanger is the largest provider of prosthetics, orthopedic supports, and braces in the United States. With more than 640 care centers strategically located cross the country, it's easy for you to set up an appointment and meet with a practitioner face-to-face. Superior technology, specialized programs and genuine customer care are some of the features that set us apart.

Chief Executive OfficerThomas F. Kirk
Number of Employees 3,211
Contact Information

2 Bethesda Metro Ctr Ste 1200

Bethesda, Maryland 20814-6320

hanger.com

(301) 986-0701

NAICS Code Surgical Appliance and Supplies Manufacturing: 339113

Recent Events

  • Hanger Orthopedic gets credit rating upgrade

    6/23/09 - Bond / Stock Rating - View Story

  • Hanger Orthopedic Group, Inc. Receives Upgrade from Standard & Poor's Rating Services

    6/22/09 - Bond / Stock Rating - View Story

  • Notable Mergers and Acquisitions of the Day 5/27: SUMT, TMRK/VMW, HGR

    5/27/09 - Merger / Acquisition - View Story

  • BRIEF-RESEARCH ALERT-Barclays raises US health care facilities sector

    5/21/09 - Bond / Stock Rating - View Story

  • Hanger Orthopedic Group, Inc. Reports $0.14 EPS on 26.6% Increase in Net Income for the...

    4/28/09 - Financial Announcement - View Story

  • Hanger Orthopedic Group, Inc. Announces First Quarter 2009 Earnings Release Conference Call

    3/31/09 - Financial Announcement - View Story

  • Hanger Orthopedic Group, Inc. Reports $0.26 Pro Forma EPS on 8.6% Sales Growth for the...

    2/10/09 - Financial Announcement - View Story

News & Analysis

hanger orthopedic group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Thomas F. Kirk Chief Executive Officer
Ronald N. May President, COO, Southern Prosthetic Supply, Inc
George McHenry CFO
John J. Rush Chief Medical Officer
Marion L. Mullauer Chief Information Officer
Thomas C. Hofmeister Chief Accounting Officer
Brian Wheeler Vice President, Human Resource
Glenn Lohrmann Vice President, Controller & Secretary
Kenneth J Abod Vice President, Treasurer
Kevin Carroll Vice President
Eric Green Managing Partner, Castlehill Investment Managaement
Cynthia Wertz Manager
Amit Bhanti Coordinator
Deanna J Fish Director
H.E. Thranhardt Director
William R. Floyd Director

Board of Directors

Name (plus bio) Position
Thomas P. Cooper Chairman of the Board
Bennett Rosenthal Board of Directors
C. Raymond Larkin Board of Directors
Cynthia L. Feldmann Board of Directors
Edward Ted Thranhardt Howard Board of Directors
H. E. Thranhardt Board of Directors
Isaac Kaufman Board of Directors
Issac Kaufman Board of Directors
John R Quinn Board of Directors
Matthew J Mikosz Board of Directors
Peter J. Neff Board of Directors
Organization Position Status
Hanger Orthopedic Group, Inc. Chief Executive Officer Current
Aperture Venture Partners, LLC Partner Current
Hanger Orthopedic Group, Inc. Board of Directors Current
Cyma Corporation Board of Directors Current
O&P Legislative Action Network Member of Aopa Board of Directors: Director Current
Hanger Orthopedic Group, Inc. President Former
New Jersey & Company Chief Financial Officer Former
RhOne-Poulenc Chief Financial Officer Former
RhOne-Poulenc Senior Vice President Former
New Jersey & Company Senior Vice President Former
FPL Group, Inc. Vice President, Planning, Development and Quality Former
University of Pittsburgh Ph.D. Degree In Strategic Planning Former
University of Pittsburgh M.B.A. Degree In Finance Former
Carnegie Mellon University Bachelor of Science Degree In Mechanical Engineering Former
Organization Position Status
Hanger Orthopedic Group, Inc. President, COO, Southern Prosthetic Supply, Inc Current
Hanger Orthopedic Group, Inc. Team Member Current
Organization Position Status
Hanger Orthopedic Group, Inc. CFO Current
Hanger Orthopedic Group, Inc. Executive Vice President Current
Hanger Orthopedic Group, Inc. Board of Directors Current
U.S. Vision, Inc. Chief Financial Officer Former
U.S. Vision, Inc. Executive Vice President Former
Touche Ross & Co. Senior Manager Former
U.S. Vision, Inc. Secretary Former
St. Joseph's University Bachelor of Science Degree In Accounting Former
Organization Position Status
Hanger Orthopedic Group, Inc. Chief Medical Officer Current
Hanger Orthopedic Group, Inc. Vice President Former
PacifiCare Health Systems, LLC Vice President, Medical Management Former
Cigna HealthCare Associate Medical Director Former
PacifiCare Health Systems, LLC Regional Health Services Director Former
Pfeiffer University Master of Business Administration Former
Hanger Orthopedic Group, Inc. Team Member Former
Organization Position Status
Hanger Orthopedic Group, Inc. Chief Information Officer Current
Hanger Orthopedic Group, Inc. Vice President Current
Loyola College in Maryland Masters In Business Administration Former
Towson University B.S. Degree In Business Administration Former
Lippincott Williams & Wilkins, Inc. Team Member Former
American Chemical Society Team Member Former
Organization Position Status
Hanger Orthopedic Group, Inc. Chief Accounting Officer Current
Woodhaven Health Services Chief Financial Officer Former
Magellan Health Services, Inc. Chief Accounting Officer Former
Magellan Health Services, Inc. Senior Vice President Former
Hanger Orthopedic Group, Inc. Vice President of Finance Former
London Fog Industries, Inc. Controller Former
Mount Saint Mary's College B.S. Degree In Accounting Former
Organization Position Status
Hanger Orthopedic Group, Inc. Vice President, Human Resource Current
University of Florida B.A. Degree In Political Science Former
Organization Position Status
Hanger Orthopedic Group, Inc. Vice President, Controller & Secretary Current
Hanger Orthopedic Group, Inc. Secretary Current
Organization Position Status
Hanger Orthopedic Group, Inc. Vice President, Treasurer Current

Kevin Carroll has dedicated more than three decades to prosthetics and is considered the "go-to" practitioner for the most challenging prosthetic fittings. Carroll currently serves as vice president of prosthetics for Hanger Orthopedic Group, Bethesda, Maryland, and his professional background encompasses the roles of researcher, educator, international speaker, and clinician. He is a member of the International Society for Prosthetics and Orthotics (ISPO), the National Association of Professional Geriatric Care Managers (GCM), and the British Association of Prosthetics and Orthotics (BAPO). He also serves as professional advisor to the Amputee Coalition of America (ACA). Carroll's practice began in his native country of Ireland in 1978 at the National Medical Rehabilitation Center, Dublin. In 1984, he moved to the United States, later becoming vice president of prosthetics for NovaCare Sabolich Orthotics & Prosthetics, Burnsville, Minnesota.

Organization Position Status
Hanger Orthopedic Group, Inc. Vice President Current
The O&P Edge Board of Directors Current

Eric A. Green is a Managing Director of Cyrus Capital Partners. Previously he was a co-founder and managing partner of Castle Hill Investment Management, a New York-based alternative investment firm. Prior thereto, Mr. Green was a Senior Partner of FriedbergMilstein, where he was responsible for structured investments, including mezzanine and growth equity transactions. Previously, he was a Partner-Group Head and Managing Director of J.P. Morgan Partners, responsible for mezzanine/growth equity and structured investments. Prior thereto, he was a Managing Director in the Merchant Banking Group at BNP Paribas where he was responsible for mezzanine, growth equity and structured investments. Previously, Mr. Green held corporate planning and other financial positions at GE Capital and GE Company. Mr. Green has served on numerous public and private company boards of directors.

Organization Position Status
Cyrus Capital Partners LP Managing Director Current
Hanger Orthopedic Group, Inc. Managing Partner, Castlehill Investment Managaement Current
Hanger Orthopedic Group, Inc. Board of Directors Current
Friedbergmilstein, LLC Senior Partner Former
BNP Paribas SA Former
New York University M.B.A Former
Organization Position Status
Hanger Orthopedic Group, Inc. Manager Current

Amit Bhanti is clinical director of Orthotics and works as the education and residency coordinator for the Hanger Orthopedic Group. His responsibilities include managing patients on a day-to-day basis, leading the newly established residency program in orthotics and prosthetics, setting up educational seminars and symposiums for related professionals, and conducting research and developing new procedures and devices to treat musculoskeletal pathologies. Bhanti received the Best Student Researcher Award by the Orthotic and Prosthetic Society of India in 1997, developed a new type of brace to manage a common foot/ankle pathology, and was recently appointed as International Faculty at Indraprastha University of Health Science in India. He's co-chair of the Social Committee and an active member of the International Service Committee of the Peoria Downtown Rotary, serves on the board of the Indo-American Society of Peoria, started an amputee golf tournament in Peoria last year, is actively involved in Christmas in April, and volunteers at Tyng School.

Organization Position Status
Orthotics Clinical Director Current
Peoriamagazines.Com Clinical Director of Orthotics and Works Current
Hanger Orthopedic Group, Inc. Coordinator Current
Organization Position Status
Hanger Orthopedic Group, Inc. Chairman of the Board Current
Hanger Orthopedic Group, Inc. Board of Directors Former
Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current
Merrill Lynch & Co., Inc. Managing Director Former
Private Equity Group, LLC Senior Partner Former
Ares Management LLC Senior Partner, Private Equity Group Former
Merrill Lynch & Co., Inc. senior member Former

Ray joined Cutlass Capital in 2001 as a member of our Advisory Board and as a Venture Partner in 2006. Ray has over 30 years of health care industry experience. Prior to Cutlass Capital, he was CEO of Eunoe, a venture-backed start-up medical device company, from 2003 to 2005. From 1983 to 1997, Ray served as CEO of Nellcor Puritan Bennett (NYSE: NPB), a $1 billion revenue medical device company with over 4000 employees sold to Mallinckrodt for $2 billion. He was also the National Sales Manager for Bentley Laboratories from 1976 to 1983 and served as a Captain in the United States Marine Corps from 1970 to 1975. Ray has also been a Principal of health care merchant bank Group Outcome since 2000 and has served as Chairman and Director on the board of numerous public and private health care companies. He is also a former President of AdvaMed (Advanced Medical Technology Association, previously Health Industry Manufacturers Association). Ray is the Chairman of the Board of Trustees of St. Mary's College (Moraga, CA) and has a BS from LaSalle University.

Organization Position Status
Cutlass Capital, LLC Larkin Was President and Chief Executive Officer of Nellcor Puritan Bennett Current
Group Outcome Managing Director Current
Cutlass Capital, LLC Venture Partner Current
Align Technology, Inc. Chairman of the Board Current
Cerus Corporation Board of Directors Current
Therox, Inc. Board of Directors Current
DaVita, Inc. Director Current
Hanger Orthopedic Group, Inc. Board of Directors Current
Nellcor Puritan Bennett Inc. CEO Former
Eunoe, Inc CEO Former
Nellcor Chief Executive Officer Former
Nellcor Puritan Bennett Inc. President Former
Nellcor President Former
AdvaMed President Former
Bentley Laboratories, LLC Sales Manager Former
La Salle University B.S. Degree In Industrial Management Former
Group Outcome Principal Former
Nellcor Executive Positions Former
Eunoe, Inc Chairman Former
Align Technology, Inc. Director Former
La Salle University BS Former

Cynthia L. Feldmann, retired CPA currently serves as member of the board and chair of the audit committee of STERIS Corporation, a company engaged in the development, manufacture and marketing of sterilization and decontamination equipment, consumables and services for healthcare, scientific, research, industrial and governmental customers throughout the world, and is also a member of the board and the nominating & governance committee and chair of the audit committee of Hayes Lemmerz International Inc., a worldwide producer of aluminum and steel wheels for passenger cars, trucks and trailers and a supplier of brakes and powertrain components. Previously, Ms. Feldmann served as Business Development Officer at Palmer & Dodge LLP, a Boston-based law firm, with a specialty in serving life sciences companies. From 1994-2002, she was a Partner at KPMG LLP, holding various leadership roles in the firm's Medical Technology and Health Care & Life Sciences industry groups. Ms. Feldmann also was National Partner-in-Charge of Coopers & Lybrand's Life Sciences practice from 1989-1994, among other leadership positions she held during her 18-year career there. Ms. Feldmann was a founding board member of Mass Medic, a Massachusetts trade association for medical technology companies, where she also served as treasurer and as a member of the board's Executive Committee during her tenure from 1997-2001.

Organization Position Status
STERIS Corporation Chair Current
Hanger Orthopedic Group, Inc. Board of Directors Current
Medical Technology, Inc. Partner Former
Palmer Dodge Inc. Business Development Officer Former
Massmedic Board Member Former
Organization Position Status
Linkia, LLC Chief Clinical Officer Current
Hanger Orthopedic Group, Inc. Director Current
The O&P Edge Board of Directors Current
Orthomerica Products Inc. Clinical Education Manager Former
University of Oregon Master of Science In Biomechanics Former
University of Washington Bachelor of Science In Prosthetics and Orthotics Former
University Corp. Former
Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current
Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current
Organization Position Status
Hanger Orthopedic Group, Inc. Director Current
Organization Position Status
Advanced Medical Management Chief Financial Officer Current
Advanced Medical Management Senior Vice President Current
Trans World Entertainment Corporation Manager of Medical Practices Current
Trans World Entertainment Corporation Chairman Current
Hanger Orthopedic Group, Inc. Board of Directors Current
Kindred Healthcare, Inc. Director Current
Trans World Entertainment Corporation Certified Public Accountant Former
Trans World Entertainment Corporation Director Former
Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current

In this role, Quinn led planners and analysts in executing value-added financial planning, reporting, forecasting, business case development, and diagnostic analyses. In addition, he provided real-time support of strategic decision making. He subsequently served in several other capacities with the Disney organization, including Manager, Operations Chief of Staff, where he supported the Chief Operating Officer in the immediate execution and opening of the brand new Disneyland Resort. Previously, as Manager, Operations Planning Resort Expansion Planning, he had the opportunity to lead a multi-organization effort to devise and implement comprehensive transportation, parking, and logistics strategies. Quinn's first assignment at the Disneyland Resort was Senior Business Planner in Strategic Planning. Preceding Quinn's five year tenure with the Walt Disney Company, Quinn was a Naval Nuclear Submariner with the United States Navy, based in San Diego, California. Quinn served as a Division Officer, rotating through various divisions including Damage Control, Chemistry & Radiological Controls, Communications, and Quality Assurance. Quinn graduated Phi Kappa Phi, with Distinction, from the United States Naval Academy in 1991, earning a BS in Mechanical Engineering. While at the Naval Academy, Quinn gained leadership distinction, as he was ranked in the top five of 970 classmates in leadership and received the award as the most distinguished athlete in academics, athletics, and leadership. He also was recognized for the athletic talent he displayed as a member of the lacrosse team, being named Division I All-American and Academic All-American. Upon graduation from the United States Naval Academy, Quinn entered the Navy Nuclear Power Program. Quinn participated in the Master degree equivalent program in nuclear engineering with emphasis on react theory, design, and operation. In 1993, Quinn graduated at the top ten percent of his class. In 1998, Quinn received his Master in Business Administration with Second Year Honors from Harvard Business School. Currently, Quinn serves as President of the United States Naval Academy Alumni Association s Los Angeles Chapter and as Director of the Harvard Business School Alumni Association s Orange County Chapter.

Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current

Philadelphia, PA--Matthew J. Mikosz, CP has been hired as a practice manager for the Hanger Patient Care Center in Philadelphia, PA. Mikosz specializes in upper extremity prosthetics. Mikosz has been working in the prosthetic and orthotic industry for seven years. Prior to joining Hanger's staff, Mikosz was a staff certified prosthetist for five years with Allied Orthotics and Prosthetics, LLC based out of Moss Rehabilitation Hospital in Philadelphia, PA. During his time at Moss Rehabilitation Hospital, Mikosz gained experience providing prosthetic services to many area hospitals and he had the opportunity to work with international patients from Greece, Pakistan, Israel, Chile, Japan, and Puerto Rico. Mikosz has extensive experience with upper extremity myoelectrics. He has treated all levels of upper extremity amputations from bilateral shoulder disarticulations to wrist disarticulations. Mikosz also has experience working in Moss Rehabilitation Hospital's gait analysis laboratory where he worked closely with the therapists and physicians to optimize prosthetic gait for lower extremity amputees.

Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current
Organization Position Status
Hanger Orthopedic Group, Inc. Board of Directors Current
Genovo, Inc. Chief Executive Officer Former
Genovo, Inc. President Former
Organization Position Status
Benchmark Medical, Inc. Chairman and Chief Executive Officer Current
Hanger Orthopedic Group, Inc. Director Current
Golden Gate National Senior Care Holdings LLC CEO Former
Golden Gate National Senior Care Holdings LLC President Former
Golden Gate National Senior Care Holdings LLC Chairman Former

Executive News

  • Hanger Orthopedic Group, Inc. Announces Second Quarter 2009 Earnings Release Conference...

    Reuters - 6/23/09 - View Story

  • Hanger Orthopedic gets credit rating upgrade

    Biz Journals - 6/23/09 - View Story

  • Hanger Orthopedic Group, Inc. Receives Upgrade from Standard & Poor's Rating Services

    TradingMarkets - 6/22/09 - View Story

  • Hanger Orthopedic Group, Inc. Receives Upgrade from Standard & Poor's Rating Services

    PR Newswire - 6/22/09 - View Story

  • Hanger Orthopedic Group, Inc. Receives Upgrade from Standard & Poor's Rating Services

    PR Newswire via Yahoo! - 6/22/09 - View Story

  • Notable Mergers and Acquisitions of the Day 5/27: SUMT, TMRK/VMW, HGR

    Street Insider - 5/27/09 - View Story

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     HGR $28.71 +14.62 (103.76% )
Average Volume 253,859
Shares Outstanding 31.17M
Market Cap 894.8M
Year High 29.98
Year Low 11.1
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

Hanger Orthopedic

CEO Rating

Thomas F. Kirk

President, CEO, and Director

0% Approve

Employer Rating
“Very Satisfied!” 4.0 3.0
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