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Invacare

Invacare’s Monaghan takes control

New president and CEO has 90-100 day plan
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04/24/2015

ELYRIA, Ohio – New President and CEO Matthew Monaghan will personally head up Invacare’s beleaguered North America HME business on an interim basis.

Invacare sells, then leases back, properties

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04/24/2015

ELYRIA, Ohio – Invacare has secured $23 million in a sale and leaseback transaction. The company has sold and leased back under long-term leases five of its properties located in Ohio and Florida.

ResMed, Invacare report earnings

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04/24/2015

San Diego-based ResMed has reported $422.5 million in revenues for the third quarter ended March 31, a 6% increase compared to the same period last year. It reported a net income of $91 million, a 1% increase.

New product readies Invacare for comeback

‘I’m not going to say it’s going to be an immediate turnaround, but I think our customers will be excited to have us back’
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02/06/2015

ELYRIA, Ohio – Invacare still may have some work to do to lift a consent decree with the Food and Drug Administration (FDA), but it’s already staging a comeback. 

Invacare ends year with losses

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02/05/2015

ELYRIA, Ohio – Invacare reported a net loss of $9.39 million for the fourth quarter ended Dec. 31, 2014, compared to a net loss of $5.77 million for the same period in 2013.

The company reported net sales of $318.2 million vs. $330.8 million.

Invacare names new leader, secures new credit facility

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01/23/2015

ELYRIA, Ohio – After a six-month search, Invacare has named an exec with turnaround experience as its new president and CEO.

Invacare names new leader

Matthew Monaghan will receive base salary of $750,000 per year
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01/22/2015

ELYRIA, Ohio – After a six-month search, Invacare has named an exec with turnaround experience as its new president and CEO.

Invacare secures new credit facility

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01/20/2015

ELYRIA, Ohio – Invacare has secured a new revolving credit and security agreement, establishing a $100 million asset-based lending senior secured credit facility, the company announced Jan. 16.

In brief: ITC delivers split ruling, Invacare names interim chairman

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12/24/2014

SAN DIEGO and BEIJING  - The International Trade Commission on Dec. 23 (ITC) delivered a split ruling to ResMed and BMC Medical/3B Medical, two sleep manufacturers that have been ensnared in a global patent lawsuit.

Invacare names interim chairman

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12/23/2014

ELYRIA, Ohio – Invacare has appointed Dr. C. Martin Harris interim chairman of the company’s board of directors. Harris joined Invacare as a director in 2003 and was appointed its lead director effective May 17, 2012.

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