Firm News

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Hanger Orthopedic Completes Common Stock Offering

Date: 12/15/10

Cahill represented Barclays Capital as sole underwriter in the $40,000,000 offering of 2,000,000 shares of common stock issued by Hanger Orthopedic Group (NYSE: HGR) priced at $20 per share. These shares represented a portion of outstanding shares granted to major stockholder Ares Corporate Opportunities Fund LP, as Series A convertible preferred stock in 2008. Hanger will not receive the proceeds from the sale and its number of outstanding shares were unchanged by the offering.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com