Hanger Orthopedic Group Appoints Vinit K. Asar to President and Chief Operating Officer

Vinit K. Asar

Vinit K. Asar

Hanger Orthopedic Group, Inc., announces the appointment of Vinit K. Asar to president and chief operating officer, effective immediately. Asar joined the company in December 2008 as executive vice president and chief growth officer with nearly 20 years of global business operations experience in the medical device sector at Johnson & Johnson. In his new position, Asar will continue to lead Hanger’s emerging businesses and growth opportunities, while taking on additional responsibility for Hanger’s SPS and Linkia business units in distribution and network management, respectively.

“Vinit has brought a new level of enterprise strategic thinking to Hanger,” Hanger Orthopedic Group Chief Executive Officer Thomas F. Kirk said. “His invaluable contributions have led to calculated growth, disciplined operational diversification, and advancement of our vision. We are confident this same commitment and foresight will translate to new success in the management of his new responsibilities.”

Over the past two years, Asar led the identification, development, and execution of new opportunities for Hanger’s existing operations and launched new business initiatives consistent with the company’s overall growth strategy. Asar played a primary role (ultimately assuming subsequent management of the business unit) in Hanger’s $155 million acquisition of Accelerated Care Plus (ACP), the nation’s leading provider of integrated clinical programs for sub-acute and long-term care rehabilitation providers.

“I am continually inspired by Hanger’s outstanding talent, commitment to its patients and customers, and innovative products and services,” Asar said. “With a strong foundation built on 150 years of clinical excellence, I am very optimistic about our future prospects and growth potential. I am delighted to serve in this leadership position.”

About Hanger

Hanger Orthopedic Group, Inc., headquartered in Austin, Texas, provides orthotic and prosthetic patient care services, distributes O&P devices and components, and provides therapeutic solutions to the broader post-acute market. Hanger is the largest owner and operator of orthotic and prosthetic patient care centers, with in excess of 675 O&P patient care centers located in 45 states and the District of Columbia. Hanger, through its subsidiary Southern Prosthetic Supply, is also the largest distributor of branded and private label O&P devices and components in the United States. Hanger provides therapeutic solutions through its subsidiaries Innovative Neurotronics and Accelerated Care Plus. Innovative Neurotronics introduces emerging neuromuscular technologies developed through independent research in a collaborative effort with industry suppliers worldwide. Accelerated Care Plus is a developer of specialized rehabilitation technologies and the nation’s leading provider of evidence-based clinical programs for post-acute rehabilitation, serving more than 4,000 long-term care facilities and other sub-acute rehabilitation providers throughout the U.S. For more information on Hanger, visit www.hanger.com.

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