Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Filing Details

Accession Number:
0000919574-19-001317
Form Type:
13G Filing
Publication Date:
2019-02-13 18:58:14
Filed By:
Courage Capital
Company:
Hanger Inc. (NYSE:HNGR)
Filing Date:
2019-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Courage Capital Management 0 2,194,269 0 2,194,269 2,194,269 6.0%
Courage Investments, Inc 0 2,194,269 0 2,194,269 2,194,269 6.0%
Richard C. Patton 0 2,194,269 0 2,194,269 2,194,269 6.0%
Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.)*

 

 

Hanger, Inc.
(Name of Issuer)

 

 

Common Stock, par value $0.01 per share
(Title of Class of Securities)

 

 

41043F208
(CUSIP Number)

 

 

December 31, 2018
(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[X] Rule 13d-1(b)

 

[_] Rule 13d-1(c)

 

[ ] Rule 13d-1(d)

 

__________

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

CUSIP No. 41043F208    

 

     
1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Courage Capital Management, LLC  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a)  [_]
    (b)  [_]
     
3. SEC USE ONLY  
     
     
     
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Tennessee  
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5. SOLE VOTING POWER  
     
  0  
     
6. SHARED VOTING POWER  
     
  2,194,269  
     
7. SOLE DISPOSITIVE POWER  
     
  0  
     
8. SHARED DISPOSITIVE POWER  
     
  2,194,269  
     
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
  2,194,269  
     
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  
    [_]
     
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
     
  6.0%  
     
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
     
  IA  

 

 

 

 

CUSIP No. 41043F208    

 

     
1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Courage Investments, Inc.  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a)  [_]
    (b)  [_]
     
3. SEC USE ONLY  
     
     
     
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Delaware  
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5. SOLE VOTING POWER  
     
  0  
     
6. SHARED VOTING POWER  
     
  2,194,269  
     
7. SOLE DISPOSITIVE POWER  
     
  0  
     
8. SHARED DISPOSITIVE POWER  
     
  2,194,269  
     
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
  2,194,269  
     
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  
    [_]
     
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
     
  6.0%  
     
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
     
  CO  
 

 

CUSIP No. 41043F208    

 

     
1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Richard C. Patton  
     
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
    (a)  [_]
    (b)  [_]
     
3. SEC USE ONLY  
     
     
     
4. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  United States  
     
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
5. SOLE VOTING POWER  
     
  0  
     
6. SHARED VOTING POWER  
     
  2,194,269  
     
7. SOLE DISPOSITIVE POWER  
     
  0  
     
8. SHARED DISPOSITIVE POWER  
     
  2,194,269  
     
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
  2,194,269  
     
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  
    [_]
     
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
     
  6.0%  
     
12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
     
  IN  
 

 

CUSIP No. 41043F208    

 

Item 1. (a). Name of Issuer:  
       
    Hanger, Inc.  

 

  (b). Address of issuer's principal executive offices:  
       
    10910 Domain Drive, Suite 300  
    Austin, Texas 78758  
    United States of America  

 

Item 2. (a). Name of person filing:  
       
    Courage Capital Management, LLC  
    Courage Investments, Inc.  
    Richard C. Patton  

 

  (b). Address or principal business office or, if none, residence:  
       
    Courage Capital Management, LLC  
    4400 Harding Road, Suite 503  
    Nashville, Tennessee 37205  
    United States of America  
       
    Courage Investments, Inc.  
    1105 N. Market Street  
    Wilmington, Delaware 19801  
    United States of America  
       
    Richard C. Patton  
    c/o Courage Capital Management, LLC  
    4400 Harding Road, Suite 503  
    Nashville, Tennessee 37205  
    United States of America  

 

  (c). Citizenship:  
       
    Courage Capital Management, LLC: Tennessee  
    Courage Investments, Inc.: Delaware  
    Richard C. Patton: United States  

 

  (d). Title of class of securities:  
       
    Common Stock, par value $0.01 per share  

 

  (e). CUSIP No.:  
       
    41043F208  

 

 

 

 

Item 3.   If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a

 

  (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

  (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

  (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

  (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

  (e) [X] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

 

  (f) [_] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 

  (g) [_] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

  (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);

 

  (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

  (j) [_] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

 

  (k) [_] Group, in accordance with §240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

Item 4. Ownership.

 

  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned:
     
    Courage Capital Management, LLC: 2,194,269
    Courage Investments, Inc.: 2,194,269
    Richard C. Patton: 2,194,269

 

  (b) Percent of class:
     
    Courage Capital Management, LLC: 6.0%
    Courage Investments, Inc.: 6.0%
    Richard C. Patton: 6.0%

 

 

 

 

  (c) Number of shares as to which the person has:
     

 

    (i) Sole power to vote or to direct the vote

Courage Capital Management, LLC: 0

Courage Investments, Inc.: 0

Richard C. Patton: 0

,
         
    (ii) Shared power to vote or to direct the vote

Courage Capital Management, LLC: 2,194,269

Courage Investments, Inc.: 2,194,269

Richard C. Patton: 2,194,269

,
         
    (iii) Sole power to dispose or to direct the disposition of

Courage Capital Management, LLC: 0

Courage Investments, Inc.: 0

Richard C. Patton: 0

,
         
    (iv) Shared power to dispose or to direct the disposition of

Courage Capital Management, LLC: 2,194,269

Courage Investments, Inc.: 2,194,269

Richard C. Patton: 2,194,269

.
         

 

  Instruction:  For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
   
Item 5. Ownership of Five Percent or Less of a Class.
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  [_].
   
  N/A
   
  Instruction:  Dissolution of a group requires a response to this item.
   
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
   
  If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
   
  N/A
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   
  If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
   
  N/A
   
 

 

Item 8. Identification and Classification of Members of the Group.
   
  If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
   
  N/A
   
Item 9. Notice of Dissolution of Group.
   
  Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
   
  N/A
   
Item 10. Certification.
   
 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  February 14, 2019
  (Date)

 

  Courage Capital Management, LLC  
       
  By: /s/ Richard C. Patton  
    Name:  Richard C. Patton  
    Title:    Chief Manager  
       
       
  Courage Investments, Inc.  
       
  By: /s/ Evan Pizzuto  
    Name:  Evan Pizzuto  
    Title:    President  
       
       
     
     
  Richard C. Patton, as an individual
     
   By: /s/ Richard C. Patton  
    Richard C. Patton  
       
       

 

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

 

Exhibit A

 

 

AGREEMENT

 

The undersigned agree that this Schedule 13G dated February 14, 2019 relating to the Common Stock, par value $0.01 per share of Hanger, Inc. shall be filed on behalf of the undersigned.

 

  February 14, 2019
  (Date)

 

  Courage Capital Management, LLC  
       
  By: /s/ Richard C. Patton  
    Name:  Richard C. Patton  
    Title:    Chief Manager  
       
       
  Courage Investments, Inc.  
       
  By: /s/ Evan Pizzuto  
    Name:  Evan Pizzuto  
    Title:    President  
       
       
     
     
  Richard C. Patton, as an individual  
     
   By: /s/ Richard C. Patton  
    Richard C. Patton