Hanger Inc (HNGR) is trading 25% higher at $18.39 today.

Hanger Inc will be acquired by healthcare investment firm Patient Square Capital at a total enterprise value of ~$1.25B, or $18.75/share in cash. Upon closing, HNGR will become a privately held company, and its stock will be delisted from the NYSE. The deal is expected to close in Q4.

Hanger Inc has been trading between a 52-week high of $25.54 and a 52-week low of $13.42. The stock has a market cap of $718 Million.

About Hanger, Inc.- Hanger, Inc. delivers orthotic and prosthetic (O&P) patient care, and distributes O&P products and rehabilitative solutions to the broader market. Hanger's Patient Care segment is the largest owner and operator of O&P patient care clinics withapproximately 800locationsnationwide.

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