Patient Square Capital, a healthcare investment firm, has purchased Hanger Inc., a provider of orthotic and prosthetic patient care services.

The acquisition was previously announced in July 2022, and closed on September 30, 2022. Hanger will now be a private company and looks to invest in future growth initiatives to improve its service to its patients and customers. Vinit Asar, president and chief executive officer of Hanger, will continue to lead the company.

“This milestone represents an exciting new chapter for Hanger,” comments Asar. “I would like to thank our entire team for their collective efforts to fulfill our purpose of empowering human potential together, keeping the patient at the center of everything we do. We look forward to partnering with Patient Square Capital to deliver continued growth, innovation, and high-quality care, and positively impact more lives.”