|Hanger Announces new Senior Vice President and Chief Compliance Officer|
Austin, Texas, January 22, 2018 – Hanger, Inc. today announced Cyndi Baily has joined the Company in the role of Senior Vice President and Chief Compliance Officer (CCO), effective January 22, 2018. The role was previously executed by Rebecca Hast, who will retire from the Company effective October 12, 2018, and serve in an advisory role in the interim.
Prior to joining Hanger, Ms. Baily held the role of CCO for Alere Inc., a medical diagnostic and devices company, where she oversaw the compliance function for the company's $800 million annual toxicology business. Prior to joining Alere, Ms. Baily served as senior vice president and CCO for WellCare Health Plans, Inc., a company that provides managed care services for government-sponsored health care programs. She also held the position of vice president and assistant general counsel at WellCare Health Plans, and oversaw the operations and regulatory legal group.
Ms. Baily has also served in legal and compliance roles throughout her twenty year career, at companies and associations such as Pacific Northwest National Laboratory, operated for the Department of Energy by Battelle Memorial Institute, King Abdullah University of Science and Technology, a graduate-level science and technology university located in Saudi Arabia and the country's first co-ed institution, and Baylor College of Medicine in Houston, Texas.
Ms. Baily received her Juris Doctorate with honors from the University of Houston Law Center, her Master of Public Health degree from the University of Texas School of Public Health in Houston, and a Bachelor of Science degree in biology from Allegheny College in Meadville, Pennsylvania.
"We are delighted to have Cyndi join our Hanger team," stated Hanger, Inc. President and CEO Vinit Asar. "We are committed to continuing to strengthen this critical function within our company, and Cyndi's breadth and depth of experience in compliance will build on the foundation laid by Becky."
Serving in the role of CCO since June 2015, Ms. Hast oversaw the enterprise compliance strategy development and programs for Hanger across all its businesses. Prior to her role as CCO, Ms. Hast served as President of Linkia, Hanger's O&P service provider network management subsidiary, and was in that role for more than 10 years.
"Becky has been a valued member of our senior leadership team and company for more than 12 years," stated Asar. "She excelled in her most recent role leading and strengthening our compliance function area, and was pivotal in providing more integrated governance for the company. We are appreciative of her many contributions, and wish her well during this next phase of her life."
About Hanger, Inc. – Built on the legacy of James Edward Hanger, the first amputee of the American Civil War, Hanger, Inc. (OTC PINK: HNGR) delivers orthotic and prosthetic (O&P) patient care, and distributes O&P products and rehabilitative solutions to the broader market. Hanger's Patient Care segment is the largest owner and operator of O&P patient care clinics with approximately 800 patient care locations nationwide. Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions. With over 150 years of clinical excellence and innovation, Hanger's vision is to lead the orthotic & prosthetic markets by providing superior patient care, outcomes, services and value. For more information on Hanger, visit www.hanger.com.
Investor Relations Contacts:
Thomas Kiraly, Executive Vice President and Chief Financial Officer, Hanger Inc.
Seth Frank, Vice President, Treasury and Investor Relations, Hanger, Inc.
Krisita Burket, Director of Public Relations & Communications, Hanger, Inc.