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Tag: Invacare


Also Noted

NCART adds four members 

December 4, 2023HME News Staff

WASHINGTON – NCART added four new members in November: manufacturers Homecare Products and Invacare; and suppliers Norco and Laurel Medical Solutions. “We’re grateful to all our members for their support and privileged to work alongside each of them to protect and enhance access to CRT in the community,” the organization stated. “If your company provides or manufactures CRT, help us fight the negative trends in coverage and payment that continue to mount. Your support...

Complex Rehab, Homecare Products, Invacare, Laurel Medical Supplies, NCART, Norco


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Paul Lavin

Vendors

Invacare moves needle

October 6, 2023Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare has restructured and appointed new leaders to its Rehab and Lifestyles business units in North America, helping the company make “strides toward a new future” in the months following its emergence from bankruptcy.  The company recently appointed Paul Lavin vice president Rehab – North America, and Brad Duff vice president Lifestyles – North America.   “Invacare has a proud history in the industry and we’re making...

Invacare


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Also Noted

Invacare names new SVP, CFO 

June 27, 2023HME News Staff

ELYRIA, Ohio – Invacare has appointed Kai Zhu as senior vice president and CFO effective July 1. Zhu, who has served as Invacare’s vice president of finance for the Europe, Middle East and Africa (EMEA) since April 2022, has more than two decades of financial leadership experience. “On behalf of the board of directors, I am pleased to welcome Kai as our next chief financial officer,” said Geoffrey P. Purtill, president and CEO. “Kai brings deep experience and financial...

Chief Financial Officer (CFO), Invacare, Kai Zhu


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In brief: MA reform, Invacare credit, health expenditures 

June 21, 2023HME News Staff

LOS ANGELES – A new analysis by researchers at the University of Southern California warns that overpayments to Medicare Advantage plans now exceed 20%, or $75 billion annually, underscoring the urgent need for reform.  Researchers with the USC Schaeffer Center for Health Policy & Economics found that the millions of beneficiaries in traditional Medicare who have switched to Medicare Advantage plans have lower spending than those with similar health risks. They report this pattern of...

Health expenditures, Invacare, Medicare Advantage


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Geoff Purtill

Vendors

White Oak supports Invacare’s growth 

June 20, 2023HME News Staff

NEW YORK – White Oak ABL and White Oak Commercial Finance, the asset-based lending affiliates of White Oak Global Advisors, provided a $40 million North America ABL credit facility to Invacare Holdings Corp., it announced today.  The $40 million ABL Facility was part of Invacare’s larger financial restructuring, which allowed the company to emerge from a voluntary pre-arranged bankruptcy and continue to pursue its goals in its core lifestyle and mobility & seating product categories.  “We...

Bankruptcy, Invacare, White Oak


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Geoff Purtill

Vendors

CEO Geoff Purtill on Invacare’s future

May 19, 2023Liz Beaulieu, Editor

ELYRIA, Ohio – A lot has happened in the first half of the year for Invacare and now that its U.S. entities have emerged from bankruptcy, it’s back to business, says CEO Geoff Purtill.  Since January, Invacare has, among other things, sold its Top End business and its respiratory business; announced plans to close a distribution facility in Sanford, Fla., this fall; partnered with MTMC to expand the reach of its lifestyle portfolio; and emerged from bankruptcy on May 5, 94 days...

Geoffrey Purtill, Invacare


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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


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Vendors

Invacare reports sales decrease in Q1

May 17, 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...

Chapter 11 Bankruptcy, Geoffrey Purtill, Home Medical Equipment (HME), Invacare


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Jack Moran

Vendors

MTMC taps into DME

May 12, 2023Liz Beaulieu, Editor

MARSTONS MILLS, Mass. – MTMC, a national sales organization, will have a bigger presence in another segment of the health care market thanks to a new partnership with Invacare, says Managing Partner Jack Moran.  In April, MTMC was tapped by Invacare to expand the reach of the Lifestyle portfolio, working in tandem with the company’s inside sales team.  “In partnership with distributors our reps call on hospitals, long-term care facilities, ambulatory surgery centers,...

Invacare, MTMC


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News

In brief: Invacare’s ‘fresh start,’ AdaptHealth leadership change, POC warning 

May 10, 2023HME News Staff

ELYRIA, Ohio – Invacare announced May 8 that the company, as well as its two U.S. subsidiaries, Freedom Designs and Adaptive Switch Laboratories, successfully emerged from Chapter 11 bankruptcy on May 5.  The news comes about three months after Invacare filed for Chapter 11.  “This marks the start of a new era for Invacare,” said Geoffrey P. Purtill, president and CEO, who will continue to lead the company. “With Chapter 11 behind us, we look to renew...

AdaptHealth, Invacare, Portable Oxygen Concentrator (POC), Steve Griggs


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