Invacare sells NA business 

ELYRIA, Ohio, and EDISON, N.J. - Invacare Holdings Corp. has sold its North American business to MIGA Holdings, better positioning the business to optimize operations and accelerate growth in the region. 

“We are confident that this strategic change will be a benefit to both the North American and European/Asia Pacific businesses of Invacare,” said Geoff Purtill, president and CEO of Invacare Holdings Corporation. “This transaction not only allows us to concentrate on our core operations, but also empowers each regional business to focus on the specific needs of the customers in its dedicated regions. With MIGA’s established presence and proven history of success in North America, we expect this acquisition to open new opportunities for growth and improvement in service delivery.” 

MIGA Holdings is owned by the same owners as C+A Global, a worldwide manufacturer and online retailer of consumer products, as well as global brands like Saris and ZINK. 

MIGA Holdings sees in Invacare’s North American business a “high-potential brand.” 

“We’re excited by the opportunity to expand on Invacare’s well-established foundation of excellence in both products and people, and to continue delivering on its mission of ‘Making Life’s Experiences Possible’,” said Chaim Piekarski, CEO of MIGA Holdings LLC. “This aligns with our strategic approach to seeking out high-potential brands that we not only support, but truly elevate to achieve new levels of market leadership and growth.” 

The sale is only the most recent action taken by Invacare in the wake of its U.S. subsidiaries emerging from bankruptcy in May 2023. 

As part of the bankruptcy process, the company restructured and shaved off $223 million of principal and unpaid interest, putting the company in “a stronger position to make the changes needed to drive sustainable growth in the future,” Purtill said at the time.