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Invacare

In brief: Acquisition joins two ‘strong providers,’ Tricare to cover CPAP

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01/03/2020

GREENSBURG, Pa. – MedCare Equipment Company has purchased the assets of Somerset Med Services.

The 25-year-old Somerset Med Services is a provider of home medical equipment and respiratory therapy services based in Somerset, Pa.

Invacare board members honored

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12/31/2019

ELYRIA, Ohio – Three members of Invacare’s board of directors have been named to WomenInc. Magazine’s list of 2019 Most Influential Corporate Directors.

In brief: OIG finds large recovery, F&P reports growth

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12/06/2019

WASHINGTON – Taxpayers could see nearly $5.9 billion that has been misspent on healthcare services returned to the government, according to The Office of Inspector General in its Semiannual Report to Congress published last week.

Invacare to close facility in Germany

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12/03/2019

ELYRIA, Ohio – Invacare will close its production and distribution facility in Porta Westfalica, Germany, at the end of 2020, a move that will affect about 240 associates, according to a Form 8-K that the company filed with the Securities and Exchange Commission on Nov.

In brief: Act fast on SMART Act, Medi-Cal drops drastic cut

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11/15/2019

WASHINGTON – Industry stakeholders are pushing providers to act fast on a bill delaying the inclusion of non-invasive ventilators in competitive bidding for five years.

Short takes: Invacare, Cardinal, ResMed

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11/15/2019

Invacare has entered into agreements to exchange $72.9 million in convertible senior notes due in 2021 for $72.9 million in senior notes due in 2024, plus approximately $6.9 million in cash.

Invacare targets convergence in 2020

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11/08/2019

ELYRIA, Ohio – Invacare’s not done cost cutting, but it’s now in a place where it can also focus on increasing revenues through new product launches, says Matt Monaghan.

Financial results: Invacare on track, Insulet raises outlook

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11/07/2019

ELYRIA, Ohio – Invacare reported net sales of $235.8 million for the third quarter of 2019 compared to $244.6 million for the same period last year. Net loss was $8 million vs. $12 million.

Harnessing the power of connectivity

It cannot be a one connected product strategy; it must be an all connected information process and flow
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10/28/2019

We live in a connected world. This morning alone, my wife used Siri to check the weather, so we knew how to dress for school and work, and my 5-year-old daughter asked Google to play her favorite songs as we ate breakfast.

In brief: HHS reports reduction in backlog, McKesson hosts roundtable

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10/18/2019

WASHINGTON – The Department of Health and Human Services has reduced the backlog of Medicare appeals at the administrative law judge level by 25% through June 30, according to a status report provided to a federal court and obtained by the American Hospital Association.

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