Hanger to acquire Numotion, forming a 1.5M-patient mobility care platform
What's the deal? HangerDealroom has a profile for this one. Try Dealroom →, a US provider of orthotic and prosthetic (O&P) care, will acquire NumotionDealroom has a profile for this one. Try Dealroom →, a portfolio company of AEA InvestorsDealroom has a profile for this one. Try Dealroom →, for cash. The combined company, to be named Hanger NumotionDealroom has a profile for this one. Try Dealroom →, will be controlled by Patient Square CapitalDealroom has a profile for this one. Try Dealroom →. The deal value was not disclosed.
What each side brings: Hanger runs 925 O&P clinics across the US. Numotion supplies Complex Rehabilitation Technology (CRT) and mobility products through more than 200 locations in the US and Canada. Combined, the two will serve more than 1.5 million patients annually.
What changes? Both companies will keep serving customers under their existing brands and maintain their respective clinical operations. Numotion chief executive officer Mike Swinford, who has led the company since 2014, will run the combined business. Hanger CEO Pete Stoy, who joined in 2020, is stepping aside.
What's the endgame? The tie-up creates a North American platform spanning O&P, CRT, and mobility solutions. The companies say greater scale will let them expand access to care, invest in clinicians, and fund product development.
Why it matters: "Our two companies share a fundamental belief in the role mobility can play in improving people's lives," Swinford said. Patient Square managing partner Jim Momtazee said the firm believes the two "can have even greater impact on patients."
Why now? The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. BarclaysDealroom has a profile for this one. Try Dealroom →, Citi, SantanderDealroom has a profile for this one. Try Dealroom →, and Wells FargoDealroom has a profile for this one. Try Dealroom → are advising Hanger, with Kirkland & EllisDealroom has a profile for this one. Try Dealroom → as legal counsel.
The signal: Consolidation is reshaping US patient-care services, with private-equity backers assembling scaled platforms across specialised segments. By pairing O&P clinics with mobility technology under one owner, the deal bets that breadth of care — and the resources to fund it — will define the next phase of competition.
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