SHAREHOLDER ALERT: Investigation on Behalf of Investors of Hanger, Inc. Announced by Law Offices of Howard G. Smith

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Hanger, Inc. (“Hanger” or the “Company”) (NYSE:HGR) concerning possible violations of federal securities laws. The investigation focuses on certain statements issued by the Company concerning Hanger’s operations and financial performance.

Hanger provides orthotic and prosthetic (O&P) patient care services, distributes O&P devices and components, manages O&P networks and offers therapeutic solutions in the United States. The investigation is related to Hanger’s accounting for its reserves for accounts receivable and bad debt.

On August 7, 2014, the Company announced that Hanger’s earnings per share decreased approximately 23% and the Company anticipated lower earnings per share than previously estimated for fiscal 2014, due to an increase in audits of its Medicare reimbursement claims. The Company further announced that its accounts receivable over 120 days had increased by $14 million year-over-year, due to increased Medicare audits, and that the Company’s operating costs had increased $8 million for the year, $4.2 million of which was attributable to an increase in bad debt. Following this news, Hanger shares declined 25%, or $7.39 per share, to close at $22.48 per share on August 8, 2014, on unusually heavy volume.

If you purchased Hanger shares, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.