What You Ought to Know:
- Orthotic and prosthetic (O&P) affected person care chief Hanger, Inc. has entered right into a definitive settlement to acquire Numotion, a significant supplier of Advanced Rehabilitation Expertise (CRT) and mobility options, forming Hanger Numotion.
- Structured as an all-cash acquisition of Numotion by Hanger. The mixed entity can be majority-controlled by healthcare non-public fairness agency Patient Square Capital (which took Hanger non-public in 2022). Numotion is being offered by major investor AEA Traders alongside minority backer LLR Companions.
- Each organizations will retain their respective consumer-facing business manufacturers and day-to-day medical operations post-close, avoiding supplier disruption whereas combining provide chains, payer contracting, and capital deployment.
- Present Numotion CEO Mike Swinford (former President and CEO of GE Healthcare Companies, who has led Numotion since 2014) will turn into CEO of the mixed firm. Present Hanger CEO Pete Stoy will step down shortly after main Hanger’s operational transformation since 2020.
Hanger Acquires Numotion to Forge a Scaled Orthotic, Prosthetic, and Advanced Rehab Platform
Sufferers with bodily disabilities, extreme neurological situations, or limb loss incessantly navigate a fragmented rehabilitation ecosystem: customized orthotics and prosthetics (O&P) are managed by specialised medical fabricators, whereas energy wheelchairs, standing frames, and complicated rehabilitation applied sciences (CRT) are sourced by means of separate mobility tools suppliers. This separation complicates referral handoffs, delays payer prior authorizations, and fragments longitudinal medical care.
To combine orthotic, prosthetic, and complicated mobility options below a unified platform, Hanger, Inc. has entered right into a definitive settlement to accumulate Numotion in an all-cash transaction, making a mixed entity to be often called Hanger Numotion. The mixed firm can be managed by healthcare non-public fairness agency Affected person Sq. Capital (which took Hanger non-public in 2022). Numotion is being acquired from AEA Traders and LLR Companions.
Scale and Medical Attain Throughout North America
The merger unites two of North America’s largest outpatient mobility and bodily independence suppliers:
- Footprint and Quantity: The mixed entity will serve greater than 1.5 million sufferers yearly throughout the US and Canada.
- Clinic and Distribution Infrastructure: Brings collectively Hanger’s community of roughly 925 nationwide O&P affected person care clinics and specialised distribution operations with Numotion’s 200+ CRT and mobility branches.
- Model and Operational Construction: Each organizations will preserve their respective model identities, medical areas, and patient-facing operations post-close.
Govt Management Realignment
Following the transaction’s shut—anticipated within the fourth quarter of 2026 topic to regulatory clearance:
- Mike Swinford, who has led Numotion as CEO since 2014 following a two-decade profession at Common Electrical (together with serving as President and CEO of GE Healthcare Companies), will turn into Chief Govt Officer of Hanger Numotion.
- Pete Stoy, who has led Hanger as CEO since becoming a member of the corporate in 2020, will step down from the chief govt position following shut after overseeing the combination course of with Swinford.
Strategic Rationale: Consolidating the Outpatient Mobility Continuum
From a medical and payer contracting standpoint, the mix addresses a number of operational and business alternatives:
- Holistic Neurological and Musculoskeletal Care: Sufferers with situations comparable to spinal wire accidents, stroke, amyotrophic lateral sclerosis (ALS), cerebral palsy, or extreme diabetic limb problems incessantly require each customized O&P orthoses/prostheses and CRT seating or energy mobility methods. Unifying these providers below single mother or father possession permits cross-referral coordination and shared medical analysis knowledge.
- Scale in Payer and Publish-Acute Contracting: A mixed medical community spanning over 1,100 complete areas enhances leverage when negotiating nationwide business payer agreements, managing Medicare sturdy medical tools (DME) protection necessities, and establishing coordinated preferred-provider partnerships with inpatient rehabilitation services (IRFs) and expert nursing services (SNFs).
- Consolidated R&D and Medical Sourcing: Combines Hanger’s central manufacturing and merchandise/providers distribution arm with Numotion’s assistive know-how provider channels, creating shopping for scale with unique tools producers (OEMs) and funding know-how investments in clinician workflow instruments and digital gait/seating analytics.
“Our two firms share a elementary perception within the position mobility can play in enhancing folks’s lives. By bringing collectively our respective expertise, capabilities, and keenness to serve our clients and sufferers, we’ve a possibility to construct on every firm’s strengths and assist extra folks throughout their mobility journeys,” stated Mike Swinford, CEO of Numotion and incoming CEO of Hanger Numotion.
