Hanger Orthopedic Group Appoints Vinit K. Asar to President and Chief Operating Officer
AUSTIN, Texas, Sept. 12, 2011 /PRNewswire/ -- Hanger Orthopedic Group, Inc. today announced the appointment of Vinit K. Asar to President and Chief Operating Officer, effective immediately. Mr. Asar joined the company in December 2008 as Executive Vice President and Chief Growth Officer with nearly 20 years of global business operations experience in the medical device sector at Johnson & Johnson. In his new position, Mr. Asar will continue to lead Hanger's emerging businesses and growth opportunities, while taking on additional responsibility for Hanger's SPS and Linkia business units in distribution and network management, respectively.
"Vinit has brought a new level of enterprise strategic thinking to Hanger," Hanger Orthopedic Group Chief Executive Officer Thomas F. Kirk said. "His invaluable contributions have led to calculated growth, disciplined operational diversification, and advancement of our vision. We are confident this same commitment and foresight will translate to new success in the management of his new responsibilities. "
Over the past two years, Mr. Asar led the identification, development, and execution of new opportunities for Hanger's existing operations and launched new business initiatives consistent with the company's overall growth strategy. Mr. Asar played a primary role (ultimately assuming subsequent management of the business unit) in Hanger's $155 million acquisition of Accelerated Care Plus (ACP), the nation's leading provider of integrated clinical programs for sub-acute and long-term care rehabilitation providers.
"I am continually inspired by Hanger's outstanding talent, commitment to its patients and customers, and innovative products and services," Mr. Asar said. "With a strong foundation built on 150 years of clinical excellence, I am very optimistic about our future prospects and growth potential. I am delighted to serve in this leadership posi