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news.Langer has sold the membership interests of Regal Medical Supply to a group of private investors, including a member of Regal's management, for a purchase price of approximately $501,000 paid in cash at closing.
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Gray Hudkins, president and CEO of Langer, said: “With the divestiture of Regal, our contracture management products and services business, we are pleased to complete another step in our previously announced review of strategic alternatives.
“We look forward to our Langer business continuing to provide Regal with products for the long-term care market and working with Regal on various sales initiatives as partners in the future.”