Tag: Geoffrey Purtill
CEO Geoff Purtill on Invacare’s future
May 19, 2023Liz Beaulieu, Editor
ELYRIA, Ohio – A lot has happened in the first half of the year for Invacare and now that its U.S. entities have emerged from bankruptcy, it’s back to business, says CEO Geoff Purtill.
Since January, Invacare has, among other things, sold its Top End business and its respiratory business; announced plans to close a distribution facility in Sanford, Fla., this fall; partnered with MTMC to expand the reach of its lifestyle portfolio; and emerged from bankruptcy on May 5, 94 days...
Invacare reports sales decrease in Q1
May 17, 2023HME News Staff
ELYRIA, Ohio - Invacare Holdings reported its predecessor, Invacare Corp., had net sales of $165.5 million for the first quarter 2023, a decrease of 17.7% compared to the same period last year.
During the first quarter, Invacare announced that its U.S. entities, including Freedom Designs and Adaptive Switch Laboratories, had filed for Chapter 11 bankruptcy. They emerged from bankruptcy on May 5.
“Year-to-date, we've made tremendous strides in all aspects of the company’s...
Invacare files for bankruptcy, enters restructuring agreement
February 1, 2023HME News Staff
ELYRIA, Ohio – Invacare and two of its U.S. based subsidiaries have filed Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas, the company announced today.
The company does not anticipate the filings will impact its ability to manufacture and deliver products to its customers globally, and says its other businesses throughout the world remain strong and are not included in the filings.
The filings are part of a restructuring support agreement (RSA)...
New CEO aims to restore confidence in Invacare
September 30, 2022Liz Beaulieu, Editor
ELYRIA, Ohio – Geoffrey Purtill, Invacare’s interim president and CEO, is the type of leader who keeps finding himself in turnaround situations and his current appointment is no different.
Purtill, who was named by the board of directors to replace Matt Monaghan in late August, has also led – and still does lead – the company’s Europe/Middle East/Africa and Asia Pacific businesses.
“When I took over APAC, it didn’t have the proper foundation...