Based on the new fourth quarter estimates, Hanger expects to report approximately $760 million in sales for the full year, according to the release.
Hanger also announced the decision to relocate its corporate headquarters to Austin, Texas, which will provide ample space for future growth, improved operational efficiency, and an enhanced quality of life for corporate employees, according to the release. The company also hopes that Austin’s central location in the United States will also facilitate improved communication with Hanger’s more than 700 patient care centers and supporting operational locations nationwide. The relocation is expected to be completed in the third quarter of 2010.
Hanger is offering relocation opportunities for all eligible staff members who have an interest in moving to Austin, as well as comprehensive separation packages including severance agreements and benefits continuation for employees who choose not to relocate, according to the release.
Read the release about Hanger’s fourth quarter results.
