Invacare Restructuring Plan Calls for 190 Workforce Cuts

Invacare Corporation (NYSE: IVC), a global manufacturer and distributor of home and long-term care medical equipment, announced a restructuring plan Wednesday that calls for workforce cuts of up to 190 associates and expected savings in the ballpark of up to $15 million. The restructuring plan of the Elyria, Ohio-based Invacare includes a reduction to the […]

Invacare Q2 Earnings Tumble On HME Audits

Invacare, a manufacturer and distributer of long-term care and home medical equipment (HME), reported a second quarter loss in the North American HME sector. Net sales for the second quarter ending June 30 decreased 3.9% to $331.3 million versus $344.8 million for the same period last year. The company’s first quarter earnings also decreased from the […]

Invacare Earnings Dragged Down by North America DME Sales

Invacare, a manufacturer and distributer of long-term care and home care medical equipment, reported a first quarter loss as earnings were dragged down by declines in the company’s North American segment. The company reported net sales of $309.1 million for the first quarter ended March 31, 2014, down 6.7% from the first quarter of 2013. […]

AssuraMed to Acquire Invacare’s Medical Supply Business for $150 Million

AssuraMed announced it has signed a definitive agreement to acquire Invacare Supply Group, a division of Invacare Corporation (NYSE: IVC) for $150 million. The deal is part of Invacare’s focus on its globalization strategy to harmonize core global product lines and reduce complexity within its business. For AssuraMed, a leader in wholesale and home-delivered medical supplies across the […]