Numotion Acquired by O&P Specialist Hanger Inc.

AUSTIN, Texas—Numotion, a complex rehab technology (CRT) provider in the United States and Canada that sells urological supplies, speech devices and retail mobility and durable medical equipment, has been acquired by Hanger Inc., an Austin, Texas-based provider of orthotics and prosthetics (O&P) devices and products.

Hanger Numotion will be formed through the combination of the two companies. Following the completion of the transaction, Hanger and Numotion will continue to serve customers under their existing brands and maintain their respective clinical operations. The transaction will be structured as an acquisition of Numotion for cash by Hanger. The combined company will be controlled by Patient Square Capital.

Following the close of the transaction, Numotion CEO Mike Swinford will become CEO of the combined company. Swinford is an executive who has led Numotion since 2014, helping scale the business through sustained growth, expansion and diversification. Prior to joining Numotion, Swinford spent more than two decades at GE, including as president and CEO of GE Healthcare Services.

“Our two companies share a fundamental belief in the role mobility can play in improving people’s lives,” said Swinford. “By bringing together our respective experience, capabilities and passion to serve our customers and patients, we have an opportunity to build on each company’s strengths and help more people across their mobility journeys. I’d like to personally thank Pete [Stoy] for his outstanding leadership, AEA [Investors] for its strong partnership and commitment as Numotion’s primary investor and LLR for its longstanding investment in and support of the company. I look forward to working with teams across Hanger, Numotion and Patient Square as we bring our organizations together and advance our shared commitment to helping people live with greater mobility and independence.”

The companies said this combination of Hanger and Numotion will create a scaled North American platform with complementary capabilities across O&P, CRT and mobility and independence solutions. Together, the organizations will serve more than 1.5 million patients annually across the U.S. and Canada through Hanger’s 925 U.S.-based O&P clinics and Numotion’s 200+ locations across North America. The combination will also provide greater scale and resources to expand access to care, invest in clinicians, and further product innovation.

“I am incredibly proud of what our team has accomplished at Hanger and the transformation the business has undergone since I joined the company in 2020,” said Pete Stoy, current CEO of Hanger. “Together, we have built a stronger, more integrated national platform, invested meaningfully in our people, technology and capabilities, and positioned Hanger for sustained growth. I have worked with Mike closely throughout this process, and I have tremendous confidence in his ability to lead Hanger Numotion following the close of the transaction. He is an accomplished leader who shares our commitment to patients and our people, and I believe he is well-positioned to build on Hanger’s momentum and realize the tremendous potential of the combined organization ahead.”

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions.