Hanger buys Bionic Power, turning its first venture bet into ownership
What's the deal? HangerDealroom has a profile for this one. Try Dealroom → has acquired Bionic PowerDealroom has a profile for this one. Try Dealroom →, a Canadian maker of smart orthotic technology, for an undisclosed sum. Bionic builds the Agilik, a microprocessor-controlled knee-ankle-foot orthosis that treats gait impairments caused by conditions such as cerebral palsy, spina bifida, and stroke. Chief executive officer Gualtiero Guadagni will continue to lead the business, which becomes part of Hanger's products and services organization.
Why now? The move builds on an existing relationship. Hanger Ventures was the lead investor in Bionic's Series A, which closed in 2024 at about US$3.67M with Thuasne North America and Viscogliosi Brothers Watermark also participating.
What's the endgame? The acquisition shifts Hanger from strategic investor to owner, giving it a direct stake in a technology aimed at unmet mobility needs. It also gives Hanger a route to push the Agilik through its clinical network of 925 O&P clinics in the US.
The signal: The deal lands as Hanger pursues a far larger combination with NumotionDealroom has a profile for this one. Try Dealroom → to form Hanger Numotion, a North American mobility platform that the companies say would serve more than 1.5 million patients annually. Against that backdrop, Bionic adds a focused technology asset — a reminder that scale plays and targeted bets can run in parallel.
Read more: opedge.com
Image credit: Generated with Gemini
