Hanger Orthopedic Group, Inc. Announces Appointment of New Chief Financial Officer and Other Key Management Positions

Oct 15, 2001, 01:00 ET from Hanger Orthopedic Group, Inc.

    BETHESDA, Md., Oct. 15 /PRNewswire/ -- Hanger Orthopedic Group, Inc.
 (NYSE:   HGR) announced today another major milestone in its continuing
 restructuring.  The Company has appointed George E. McHenry as its Chief
 Financial Officer and announced the appointment of other key financial
 officers.  Concurrent with the appointment of Mr. McHenry as Chief Financial
 Officer, the Company has named Glenn Lohrmann to the position of Secretary and
 Controller, and promoted Jason Owen to the position of Company Treasurer.
 Prior to joining Hanger, Mr. Lohrmann was Chief Financial Officer for the
 George Washington University Medical Faculty Associates and prior to that
 Chief Financial Officer of INNOVA Medical Group - INNOVA Health Systems in
 Fairfax, Virginia.  Prior to joining Hanger, Mr. Owen worked for Sun Trust
 Bank and GE Capital in various investment management positions.
     Mr. McHenry joins Hanger with 28 years experience both in public
 accounting with Deloitte & Touche and KPMG, and his last 14 years as Chief
 Financial Officer of US Vision, Inc., a publicly held retail optical chain
 with over 600 locations.
     Ivan R. Sabel, Chairman of the Board of Hanger, stated that "We look
 forward to having George and his new team as an integral part of our
 restructuring process in advancing the synergistic momentum that has been
 created by to date."
     Headquartered in Bethesda, Maryland, Hanger is a national public company
 specializing in patient-care services for orthotics and prosthetics ("O&P").
 The Company now provides O&P services in 594 patient-care centers located in
 45 states including the District of Columbia and is the largest distributor of
 O&P supplies and components in the country.  Hanger also is engaged in the
 manufacture and distribution of components and finished patient-care products
 to the O&P industry, and through its OPNET program, provides O&P services to
 over 1,000 managed care programs.
     Certain statements included in this press release are forward looking
 statements within the meaning of the Private Securities Litigation Reform Act
 of 1995.  Please refer to the Company's SEC filings for factors that could
 cause actual results to differ materially from the Company's expectations.
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SOURCE Hanger Orthopedic Group, Inc.