Hanger launches investment platform
By HME News Staff
Updated 9:53 AM CST, Thu February 29, 2024
AUSTIN, Texas – Hanger has launched Hanger Ventures, a subsidiary designed to invest in entrepreneurs and small businesses and help bring innovative O&P health care solutions to the market.
“Hanger Ventures will enable us to provide resources typically not accessible to entrepreneurs and small businesses, collaborating from incubation to commercialization,” said Pete Stoy, CEO. “This type of collaboration enables us to be at the forefront of innovation, with involvement in research and development centered around patient outcomes, ultimately providing more access and better care across the O&P community.”
Hanger Chief Clinical Officer James Campbell, Ph.D., who leads the Hanger Institute and the company’s Clinical and Scientific Affairs division, will now also serve as president of Hanger Ventures. Campbell has 40 years of experience in the O&P profession, with a distinction in leadership and research, and is a named inventor on five issued U.S. patents.
“Only at Hanger are we positioned to collaborate in this capacity,” said Campbell. “Hanger Ventures marks another significant step in our desire to transform O&P while creating value for our partners throughout the care continuum.”
Hanger provides comprehensive, outcomes-based O&P services through its Patient Care segment, with more than 900 Hanger Clinic locations nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions.
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