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Tag: Invacare


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LUCI partners with Motion Concepts

September 20, 2021HME News Staff

NASHVILLE, Tenn. – LUCI and Motion Concepts, the Canadian-based seating and mobility subsidiary of Invacare, have announced an agreement to make LUCI’s safety technology system available to riders of the ROVI X3 power wheelchair. The companies are targeting to make the product available across the United States before the end of the year. “We’re always listening to our riders, and we’ve heard from many who want LUCI on their chair,” said Ann Quigley, vice president...

Invacare, LUCI, Motion Concepts, safety technology


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Also Noted

Invacare updates 3Q 2021 guidance

September 9, 2021HME News Staff

ELYRIA, Ohio – Invacare has updated its financial guidance for its third quarter 2021 to constant currency net sales of 0% to growth of 4% year-over-year, adjusted EBITDA in the range of $6 to $9 million; and free cash flow usage of $4 to $7 million. “When we reconfirmed full-year guidance at the end of 2Q21, we had assumed an improvement in external factors which have not materialized as expected,” said Matthew Monaghan, CEO. “These included moderation on cost...

Home Medical Equipment, Invacare


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In brief: Discontinued devices, freight surcharges, rehab expansions

September 3, 2021HME News Staff

PORT WASHINGTON, N.Y. – Drive DeVilbiss Healthcare will discontinue its DV5 and DV6 series of CPAP devices as of December 2021, citing raw material shortages, difficulty securing needed parts and increased component pricing.  The company will continue to focus on its oxygen products in response to the COVID-19 pandemic.  “Over the last two years, Drive DeVilbiss has been a major supplier of critical oxygen products during the largest respiratory pandemic in history,”...

Drive DeVilbiss Healthcare, Home Medical Equipment, Invacare, National Seating & Mobility, Northshore Care Supply, Philips Recall, Reliable Medical Supply, SuperCare Health


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Vendors

Invacare implements new surcharges

August 31, 2021HME News Staff

ELYRIA, Ohio – Invacare informed its provider customers in a letter last week that it will be implementing surcharges on a select group of products effective Aug. 30 to help defray increasing freight rates.  On Oct. 11, the company will also be implementing a 10% price increase on select bed and manual wheelchair spare parts.  “Like all manufacturers around the globe, we have experienced numerous challenges brought on by the COVID-19 pandemic,” wrote Joost Beltman,...

Invacare, supply chain constraints, surcharges


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Also Noted

Invacare education receives IACET designation

August 31, 2021HME News Staff

ELYRIA, Ohio – Invacare’s educational program has received the International Accreditors for Continuing Education and Training (IACET) designation. Effective immediately, all courses that offer continuing educational units from Invacare, Motion Concepts, Matrx, Alber and Pindot will carry IACET accreditation. “We are honored and excited to further expand our educational programs by offering accredited training to our providers and clinicians on a wide range of content,” said...

Accreditation, IACET, Invacare


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Invacare improves ‘visibility’

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Invacare improves ‘visibility’

August 6, 2021Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare has set the stage for a strong second half of the year, company officials say, by implementing a number of measures to address supply chain challenges and launching a number of new products.  Invacare has increased its inventory to minimize the impact of intermittent parts shortages and shipment delays and to prepare for expected sales growth in the second half of the year, which is being driven, in part, by a $15 million higher-than-normal order backlog in the...

Home Medical Equipment, Invacare


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Matt Monaghan

Vendors

Invacare sees ‘strong growth’ for North America

August 5, 2021HME News Staff

ELYRIA, Ohio – Invacare reported net sales increased 15.1% to $225.9 million in the second quarter of 2021 compared to the same period in 2020. Net sales for the North America business unit increased 11.2% to $96.2 million year over year, with strong growth in mobility and seating, and respiratory products. “We achieved high single-digit constant currency net sales growth, with increases in all product categories,” said Matt Monaghan, chairman, president and CEO. “Importantly,...

Financial Results, Invacare


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Invacare Aviva Storm Rx

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Short takes: Invacare, Culpeper

August 4, 2021HME News Staff

Elyria, Ohio-based Invacare has launched its Aviva Storm Rx rear-wheel drive power wheelchair. “We are excited to introduce the next generation of Invacare power mobility products with the Aviva Storm Rx,” said Joost Beltman, senior vice president and general manager, North America. “This launch represents yet another step forward for our end-users, while further differentiating Invacare’s product portfolio.” The Aviva Storm Rx’s features include a flared front...

Aviva Strom Rx, Invacare, Power Wheelchair


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In Invacare’s ‘line of sight’: robust growth  

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In Invacare’s ‘line of sight’: robust growth  

May 7, 2021Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare expects to ship $15 million worth of back orders in the next two quarters, which will give the company a nice lift going into the back half of 2021.  Invacare reported a 10.2% decrease in net sales for the first quarter this year compared to the same period last year, primarily due to the impacts of the COVID-19 pandemic, including continued limited access to health care, and to supply chain disruptions.  “Our first quarter results were...

Coronavirus Outbreak, Invacare, Matt Monaghan


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Invacare: Decline is temporary 

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Invacare: Decline is temporary 

May 6, 2021HME News Staff

ELYRIA, Ohio – Invacare reported net sales decreased 10.2% to $196.2 million in the first quarter of 2021 compared to the same period in 2020.  The company says revenue growth in respiratory products was more than offset by lower sales of mobility and seating and lifestyle products, which continue to be impacted by the COVID-19 pandemic, as well as supply chain disruptions that hampered its order fulfillment during the quarter.   "We entered 2021 with strong demand for...

Home Medical Equipment, Invacare, Matt Monaghan


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