Invacare acquires Australian Healthcare Equipment

Sunday, January 23, 2005

January 24, 2005

ELYRIA, Ohio - Invacare turned its attention Down Under last week when the manufacturer acquired Australian Healthcare Equipment (AHE). Terms of the cash purchase were not disclosed.
AHE, which runs operations in Sydney and Melbourne, designs and manufactures beds, related furniture and pressure care for home care and non-acute institutional care. AHE currently markets three well-know Australian brands, Murphy Furniture, Hedicare and Bosshard Medical.
Invacare’s newest subsidiary will continue to operate independently and under its existing management, focusing on its core businesses, according to an Invacare release.
"We are pleased to have AHE join Invacare and strengthen our Australian position with its product offerings and market presence," said Invacare CEO Malachi Mixon.