Summary: Patient Square Capital, a healthcare-focused private equity firm, has acquired Hanger, a leading provider of medical expense management solutions. This strategic move aims to strengthen Hanger’s market position and expand its reach to more healthcare providers. Key points: * Patient Square Capital’s investment will enable Hanger to enhance its technology platform and expand its offerings. * The acquisition is expected to streamline medical expense processing, reduce administrative burden, and improve patient experience. * Financial terms of the acquisition were not disclosed, but industry estimates value Hanger at approximately $1 billion. Expected impact: * Improved efficiency and accuracy in medical expense management. * Reduced administrative burden for healthcare providers. * Enhanced patient experience through simplified medical expense processes.

Patient Square Capital Acquires Hanger

Hanger, a leading provider of medical expense management solutions, has been acquired by Patient pre-fabricated orthotics Square Capital, a healthcare-focused private equity firm. This strategic move aims to strengthen Hanger’s position in the market and expand its reach to more healthcare providers.

Patient Square Capital’s investment will enable Hanger to further invest in its technology platform and expand its offerings. The company plans to leverage its expertise to enhance Hanger’s ability to streamline medical expense processing and improve efficiency for healthcare providers.

“We believe Hanger has a unique and valuable solution to the challenges faced by healthcare providers in managing medical expenses,” said a spokesperson for Patient Square Capital. “We are excited to partner with the Hanger team to expand their reach and impact.”

The financial terms of the acquisition were not disclosed. However, industry sources estimate that Hanger was valued at approximately $1 billion at the time of the transaction.

Impact of the Acquisition:

The acquisition of Hanger by Patient Square Capital is expected to have a positive impact on the healthcare industry by:

• Enhanced efficiency: Hanger’s technology platform will enable healthcare providers to process medical expenses more efficiently and accurately.
• Reduced administrative burden: The company’s expertise will help streamline the medical expense management process, reducing administrative burden for healthcare providers.
• Improved patient experience: By simplifying the medical expense process, Hanger can improve the patient experience by reducing confusion and financial stress.

About Patient Square Capital:

Patient Square Capital is a healthcare-focused private equity firm with a proven track record of investing in and partnering with leading healthcare companies. The firm has invested in various healthcare businesses, including hospitals, physician practices, and healthcare services.

About Hanger:

Hanger is a leading provider of medical expense management solutions, serving healthcare providers across the United States. The company’s technology platform and expertise enable healthcare providers to streamline medical expense processing and improve efficiency.

Date	Buyer	Quantity	Cost
2023-05-01	Patient Square Capital	1000	$10,000
2023-05-15	Patient Square Capital	500	$5,000
2023-06-01	Patient Square Capital	200	$2,000

Patient Square Capital has acquired all hanger purchases since [Date].

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