Invacare hikes price on 5L concentrator
ELYRIA, Ohio – Invacare will raise the price on its standard 5-liter oxygen concentrators, the Perfecto2 series, by 4% to 5% on Jan. 1, and reduce the line’s warranty from five years to three, the company announced last month.
Invacare made the moves to offset a big increase in the cost of components, especially compressors, that took effect Aug. 1, 2009, said Carl Will, senior vice president, North American Homecare.
The price increase and warranty reduction offset the higher cost of the components. Without making the changes, Invacare would lose money on its Perfecto2 line, Will said.
The changes do not effect Invacare’s HomeFill, which already has a three-year warranty, as do the company’s portable oxygen concentrators.
Invacare’s 5-liter concentrators currently use a 40,000-hour compressor. In the first quarter of 2010, the company will release the Perfecto2 V, a 5-liter concentrator powered by a 25,000-hour compressor. For this new product, providers will pay a “slight premium” but still keep their pricing near today’s current price, Will said.