SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Hanger, Inc. (NYSE – HNGR)

BALA CYNWYD – July 26, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Hanger, Inc. (“Hanger” or the “Company”) (NYSE – HNGR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to be acquired by Patient Square Capital. Under the terms of the agreement, Hanger stockholders will receive $18.75 in cash per share, representing a total enterprise value of approximately $1.25 billion. Upon completion of the transaction, Hanger will become a privately held company, and its common stock will no longer be traded on the New York Stock Exchange (NYSE).

The investigation concerns whether the Hanger Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Patient Square Capital is paying too little for the Company. For example, the deal consideration is less than the 52-week high of $25.54 for the Company’s shares.

If you own shares of Hanger stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.