Kirkland Advises Patient Square Capital-Backed Hanger on Combination with Numotion

Kirkland & Ellis advised Patient Square Capital-backed Hanger, Inc. on a combination with Numotion, which will result in the formation of Hanger Numotion. The transaction will be structured as an acquisition of Numotion for cash by Hanger. The combined company will be controlled by Patient Square Capital. Hanger is a leading provider of orthotic and prosthetic patient care services and solutions. Numotion, a portfolio company of AEA Investors, is a leading provider of complex rehabilitation technology and mobility products and services in the U.S. and Canada. Following completion of the transaction, Hanger and Numotion will continue to serve customers under their existing brands and maintain their respective clinical operations. The transaction was announced September 10, 2026.

Read the transaction press release

The Kirkland team included corporate Maggie Flores, Michael Weisser, Zach Miller, Robert Hausen, Dov Seifman and Fares Ali; debt finance lawyers Jason Kanner, Andrea Weintraub, Bridget Hahn and Ericha Penzien; capital markets lawyers Sophia Hudson, Julia Danforth and Pratik Ranjan Das; and tax lawyers Mark Schwed and Matthew Wahlquist.