Tag: Gerald Blouch

ELYRIA, Ohio - Gerald Blouch, president and CEO of Invacare, will retire effective July 31. Blouch, who joined Invacare in 1990 as CFO, will also retire from his position on the company's board of directors. “It has been a privilege to be a part of Invacare's senior leadership team over the past 24 years, most notably as CEO for the past four years,” Blouch stated in a release. “I am confident that, despite its short-term challenges, Invacare has an incredibly strong future.”...

ELYRIA, Ohio - Invacare has amended its credit agreement, giving the company greater financial flexibility for the remainder of 2013, according to a press release. “We now have additional financial flexibility related to our debt covenants, which is important as we continue to work through the phase of the consent decree with the United States Food and Drug Administration that limits production at our Taylor Street wheelchair manufacturing facility,” stated Gerald Blouch, president and...

During Invacare's earnings call in April, President and CEO Gerald Blouch also addressed:AcquisitionsIn a nutshell, Invacare officials, their hands full improving compliance, don't plan to make a move anytime soon. “It would have to be extraordinary for us to gamble on our remediation efforts, which we don't want to do,” Blouch said.Competitive biddingInvacare officials concede that getting rid of the program or replacing it with the industry's market-pricing program will be an “uphill...

I flew from Maine to Atlanta Sunday night to get ready for Medtrade, which starts at 10 am this morning. From all I've heard and seen so far, the industry's biggest trade show  looks like it will be a bit bigger than last year. That makes sense because if the industry does not come together in times like these, it never will. The show always produces a few surprises, but the one thing I know for sure is that the topic of conversation on everyone's lips will be competitive bidding. The...