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Bethesda, Md.-Based Hanger Orthopedic Sees Shares Rise on Acquisitions.

By Marguerite Higgins, The Washington Times Knight Ridder/Tribune Business News

Mar. 23--Stocks for Bethesda artificial-limb maker Hanger Orthopedic Group Inc. edged up after the company bought four more patient-care centers in Ohio.

Hanger Orthopedic, which owns 585 patient-care centers in 44 states and has 3,115 employees, bought all the patient centers of the Brace Shop Prosthetic Orthotic Centers for an undisclosed price. The Brace Shop had $5.2 million in annual sales.

Hanger Orthopedic made seven acquisitions in 2003 and two this year.

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