Spotlight Growth
No Result
View All Result
Tuesday, August 16, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Bio/Med/Pharma

Hanger (NYSE: HNGR) Enters Into Agreement to Be Acquired by Patient Square Capital for $18.75 Per Share in Cash, Implying Enterprise Value of $1.25 Billion

by admin
July 22, 2022
in Bio/Med/Pharma
0
Hanger NYSE HNGR Patient Square Capital Spotlight Growth

Hanger NYSE HNGR Patient Square Capital Spotlight Growth

Hanger, Inc. (NYSE: HNGR) is a provider of orthotic and prosthetic services at its 875 Hanger Clinic locations located around the United States. Shares of the medical service provider are rallying 25% through afternoon trading on Friday, July 22, 2022. Over the past three months, Hanger has seen an average daily volume of 124,270 shares. However, volume of 17.15 million shares or dollar volume of around $316.25 million, has already exchanged hands through afternoon trading Friday.

Shares of Hanger are gaining after the company announced it has entered into a definitive agreement to be acquired by Patient Square Capital, a healthcare-focused investment fund, for $18.75 per share in cash. The offer represents a 29% premium to Hanger’s 30-day volume-weighted average price (VWAP), implying an enterprise value of $1.25 billion. 

Patient Square Capital is focused on making patient-focused investments. The firm is backed by a team of seasoned executives with strong backgrounds in health care. Patient Square Capital says its goal is to place investment in companies that can improve patient lives, quality of care and strengthen communities.

Once the transaction is complete, Hanger would delist from the NYSE and become a privately-held company. The transaction is estimated to close during the fourth quarter of 2022, subject to regulatory and customary closing conditions. 

Vinit Asar, Hanger’s President and Chief Executive Officer (CEO) said, “I’m very pleased to be announcing this agreement today as the transaction will result in immediate and substantial value creation for our stockholders. This transaction represents a culmination of an extensive review by our Board of Directors of strategic alternatives to provide value to our stockholders and to offer financial flexibility for our company to pursue future growth initiatives. Patient Square Capital recognizes the value of our brand and the quality of our world-class team, and is grounded in similar values that guide our actions. They share the same long-term vision for our company, which makes them an excellent partner for the next phase of our journey.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

Tags: acquisitionbiopharmaceuticalsbiotechcommon stockemerging growthHangerHNGRinvestinginvestmentmedicalMergermicrocap stocksNASDAQnewsPatient Square Capitalpharmaceuticalspublic companysalesservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstocksstocks to watchtradingtreatment
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
PayPal NASDAQ PYPL Stock Near a Bottom Spotlight Growth

Is PayPal (NASDAQ: PYPL) Nearing a Bottom?

August 16, 2022
GreenBox POS Q2 2022 Earnings Results Spotlight Growth

GreenBox POS (NASDAQ: GBOX) Reports Record Processing Volume of Over $1 Billion During Q2 2022, Revenues Grow 42% From Q1 2022

August 16, 2022
Asure NASDAQ ASUR Continues Top and Bottom Line Growth Spotlight Growth

Asure (NASDAQ: ASUR) Continues Top- and Bottom-Line Growth Amid Choppy Overall Economy

August 16, 2022
OLB Group NASDAQ OLB Q2 2022 Earnings Results Spotlight Growth

OLB Group (NASDAQ: OLB) Continues Record Revenue Growth for 2022

August 15, 2022

Recent News

PayPal NASDAQ PYPL Stock Near a Bottom Spotlight Growth

Is PayPal (NASDAQ: PYPL) Nearing a Bottom?

August 16, 2022
GreenBox POS Q2 2022 Earnings Results Spotlight Growth

GreenBox POS (NASDAQ: GBOX) Reports Record Processing Volume of Over $1 Billion During Q2 2022, Revenues Grow 42% From Q1 2022

August 16, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested