Hanger paid approximately $155 million in cash and the proceeds from the concurrent refinancing of its credit facilities. The new facilities include $200 million of 7.125 percent senior notes due 2018, a $300 million Term B loan due 2016 and a $100 million revolving credit facility maturing in 2015.
Read the Hanger Orthopedic Group release on the acquisition.
Read other coverage on recent acquisitions:
– Synthes Acquires U.S. Surgical Tools Manufacturer
– Stryker Acquires Boston Scientific Corp.’s Neurovascular Business for $1.5B
– 10 Recent Orthopedic and Spine Device Company Partnerships and Acquisitions
