Hanger, Numotion Combine

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Hanger Numotion will be formed through the combination of Hanger, Inc., a provider of O&P patient care services and solutions, and Numotion, a portfolio company of AEA investors and provider of complex rehabilitation technology (CRT) and mobility products and services in the United States and Canada. Following completion of the transaction, Hanger and Numotion will continue to serve customers under their existing brands and maintain their respective clinical operations. The transaction will be structured as an acquisition of Numotion for cash by Hanger. The combined company will be controlled by Patient Square Capital. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

The strategic combination of Hanger and Numotion will create a scaled North American platform with complementary capabilities across O&P, CRT, and mobility and independence solutions. The combination will also provide greater scale and resources to expand access to care, invest in clinicians, and further product innovation.

Following close of the transaction, Numotion CEO Mike Swinford will become CEO of the combined company. Swinford is a seasoned executive who has led Numotion since 2014, helping scale the business through sustained growth, expansion, and diversification. Prior to joining Numotion.