Hanger Orthopedic Group to acquire Accelerated Care Plus

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Hanger Orthopedic Group recently announced it will acquire Accelerated Care Plus, in a deal valued at $155 million. ACP is a leading provider of integrated clinical programs for sub-acute and long-term care rehabilitation providers. Hanger intends to fund the transaction through cash on hand and a concurrent refinancing and expansion of its senior credit facilities. Senior management of ACP will buy approximately 500,000 shares of Hanger common stock once the deal is complete.