ELYRIA, Ohio – 2016 was the year Invacare tore itself down and 2017 will be the year it starts building itself back up, Matt Monaghan said during a conference call Feb. 9 to discuss the company’s fourth quarter and year-end financial results.
ELYRIA, Ohio – Invacare has reported net sales of $264.7 million for the fourth quarter of 2016 compared to $283.3 million for the same period in 2015. It reported net losses of $17.6 million vs. $2.93 million.
ELYRIA, Ohio – Holders of Invacare’s 4.125% convertible senior subordinated debentures issued Feb. 12, 2007, and due 2027 have the right to surrender their notes for repurchase by the company, it confirmed Dec. 24.
ELYRIA, Ohio – Invacare has a new board member: Susan Alexander, who has served as the executive vice president, chief legal officer and corporate secretary for Biogen, a pharmaceutical company, since December 2011.