Hanger Inc
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Health Care : Health Care Providers & Services | Small Cap Blend
Company profile

Hanger, Inc. is a rehabilitative product and service company. The Company delivers orthotic and prosthetic (O&P) patient care, products, services and therapeutic solutions. The Company offers advanced prosthetics and orthotics, clinically differentiated programs and unsurpassed customer service. The Company comprises nine business units that serve various segments of the O&P industry. The Company's segments include Patient Care, and Products & Services. The Patient Care segment includes Hanger Clinic and Linkia. The Hanger Clinic specializes in orthotic and prosthetic services and products. Linkia is a specialty healthcare company, which is engaged in the O&P management and care. The Products & Services segment includes Southern Prosthetic Supply (SPS), Accelerated Care Plus (ACP), SureFit, Innovative Neurotronics, Inc. and SPS National Labs.

Day's Change
-0.27 (-1.17%)
B/A Size
Day's High
Day's Low

Today's volume of 20,998 shares is on pace to be much lighter than HNGR's 10-day average volume of 126,424 shares.


UPDATE: Rackspace shares sink 22% on first day of trading

6:17 pm ET August 5, 2020 (MarketWatch)

Shares of Rackspace Technology Inc. (RXT) plunged 22% on their first day of trading Wednesday. Four years after it went private, Rackspace announced (https://www.businesswire.com/news/home/20200804006130/en/Rackspace-Technology-Announces-Pricing-Initial-Public-Offering) pricing of its initial public offering: 33.5 million shares of common stock at $21 per share. But investors turned up their noses, leaving the stock at $16.39 at the close of trading. "We're in the middle of a tectonic shift to multicloud technology," company Chief Executive Kevin Jones told MarketWatch in a Zoom interview early Wednesday. "It is the right place, right time for our transformation. We used to compete with hyper-scalers in cloud like Amazon (AMZN), Google (GOOGL)(GOOGL), and Microsoft (MSFT). Now, we partner with them." Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., and J.P. Morgan Securities LLC are serving as joint lead book-running managers of the IPO. Rackspace was taken private by Apollo Global Management in a $4.3 billion acquisition in 2016. Last year, Rackspace reported revenue of $2.44 billion and a loss of $102.3 million, compared with $2.45 billion in revenue and a loss of $470.6 million in 2018.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 05, 2020 18:17 ET (22:17 GMT)

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