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In brief: Invacare sales decrease, smart home market, ARPA payments

May 19, 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...

American Rescue Plan Act (ARPA), BioMatrix Specialty Pharmacy, Invacare, Merits Health Products, smart homes