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Update at Invacare: FDA moves on


ELYRIA, Ohio – The U.S. Food and Drug Administration will now pick back up on a third and final certification report submitted by Invacare’s third-party auditor.

Invacare can resume design activities


ELYRIA, Ohio – Invacare has been given the green light to resume design activities, according to a Form 8-K filed with the Securities and Exchange Commission.

In brief: Study finds DME saves money, Tricare agrees with rollback


WATERLOO, Iowa – Upfront spending on durable medical equipment saves Medicare money in the long run, according to an updated study conducted by Leitten Consulting for The VGM Group.

Invacare brings Swiss brand to U.S.


ELYRIA, OHIO – Invacare has launched the kuschall brand of high-active custom manual wheelchairs in the United States with three new wheelchairs: the K-Series attract, the Advance and the Champion.

Invacare shifts into phase two of transformation


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.

Invacare earnings show signs of ‘re-orientation’


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.

Invacare reduces workforce again

Layoffs have occurred in each of the past four years

ELYRIA, Ohio – Invacare will reduce its workforce by about 100 associates, a move that will generate about $6.6 million annually in pre-tax savings, the company announced late on Jan. 31.

Invacare informs holders of repurchase rights


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.

Invacare names biotech exec to board


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.

Invacare ramps up context

Of three-phase transformation, CEO says, ‘This is going to be more of a walk through a forest to a destination than a walk in a straight line’

ELYRIA, Ohio – Matthew Monaghan wants investors to look past the net losses and sales decreases that dominate Invacare’s latest financial results.