Hanger Orthopedic Group Completes Acquisition of Accelerated Care PlusWritten by Laura Miller | December 03, 2010
Hanger Orthopedic Group, an Austin, Texas-based device company, has completed the acquisition of the Reno, Nev.-based Accelerated Care Plus, a provider of integrated clinical programs for rehabilitation providers, according to a Hanger Orthopedic Group news release.
Hanger paid approximately $155 million in cash and the proceeds from the concurrent refinancing of its credit facilities. The new facilities include $200 million of 7.125 percent senior notes due 2018, a $300 million Term B loan due 2016 and a $100 million revolving credit facility maturing in 2015.
Read the Hanger Orthopedic Group release on the acquisition.
Read other coverage on recent acquisitions:
- Synthes Acquires U.S. Surgical Tools Manufacturer
- Stryker Acquires Boston Scientific Corp.'s Neurovascular Business for $1.5B
- 10 Recent Orthopedic and Spine Device Company Partnerships and Acquisitions
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