Hanger Orthopedic Group Welcomes Vinit Asar as Chief Growth Officer
13 January 2009 - 12:05PM
PR Newswire (US)
BETHESDA, Md., Jan. 12 /PRNewswire/ -- Hanger Orthopedic Group,
Inc. announced today that Vinit K. Asar has joined the organization
as Executive Vice President and Chief Growth Officer, effective
immediately. Reporting to Hanger President and Chief Executive
Officer Thomas F. Kirk, Asar will have responsibility for leading
the identification, development, and execution of new opportunities
for Hanger's existing operations, as well as launching new
businesses consistent with the company's overall growth strategy.
"We're very pleased to welcome Vinit to Hanger," Kirk said. "His
extensive background growing businesses within health services and
products aligns very well with Hanger's commitment to strategic
growth and disciplined operational diversity." Joining Hanger from
Johnson & Johnson (J&J), Asar brings nearly 20 years of
extensive global experience developing new health product and
service businesses and growing existing organizations, both
organically and through acquisitions. Additionally, Asar has held
positions in finance, global product management, sales and
marketing, and product development at J&J. Asar holds a BS in
Business Administration from Aquinas College in Grand Rapids, MI
and an MBA from Lehigh University in Bethlehem, PA. Hanger
Orthopedic Group, Inc., headquartered in Bethesda, Maryland, is the
world's premier provider of orthotic and prosthetic patient care
services. Hanger is the market leader in the United States, owning
and operating 677 patient care centers in 45 states and the
District of Columbia, with over 3,500 employees including 1,080
practitioners (as of September 30, 2008). Hanger is organized into
four units. The two key operating units are patient care, which
consists of nationwide orthotic and prosthetic practice centers,
and distribution which consists of distribution centers managing
the supply chain of orthotic and prosthetic componentry to Hanger
and third party patient care centers. The third is Linkia, which is
the first and only provider network management company for the
orthotics and prosthetics industry. The fourth unit, Innovative
Neurotronics, introduces emerging neuromuscular technologies
developed through independent research in a collaborative effort
with industry suppliers worldwide. For more information on
Innovative Neurotronics, Inc. or the WalkAide(R), visit
http://www.ininc.us/. For more information on Hanger, visit
http://www.hanger.com/. This document may contain forward-looking
statements relating to the Company's revenues, contracts and
operations. The United States Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for certain forward-looking
statements. Statements relating to future revenues, contracts and
operations in this document reflect the current views of
management. However, various risks, uncertainties and contingencies
could cause actual results or performance to differ materially from
those expressed in, or implied by, these statements, including the
Company's ability to enter into and derive benefits from managed
care contracts, the demand for the Company's orthotic and
prosthetic services and products and the other factors identified
in the Company's periodic reports on Form 10-K and Form 10-Q filed
with the Securities and Exchange Commission under the Securities
Exchange Act of 1934. The Company disclaims any intent or
obligation to update publicly these forward-looking statements,
whether as a result of new information, future events or otherwise.
Contacts: Jennifer Bittner, 904-249-2410, Ken Abod, 301-280-4505,
DATASOURCE: Hanger Orthopedic Group, Inc. CONTACT: Jennifer
Bittner, +1-904-249-2410, , or Ken Abod, +1-301-280-4505, , both of
Hanger Orthopedic Group, Inc. Web Site: http://www.hanger.com/
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