ELYRIA, Ohio – With a consent decree with the U.S. Food and Drug Administration (FDA) taking longer than it expected to resolve, Invacare has accelerated efforts to reduce its cost structure by reducing its workforce by 190 employees.
The board of directors of Elyria, Ohio-based Invacare has declared a cash dividend of $.0125 per share on its common shares and $.011364 per share on its Class B common shares payable Oct. 10, 2014, to shareholders on record on Oct. 2, 2014.
CHARLESTON, W.Va. – A West Virginia man has filed a lawsuit in Kanawha Circuit Court against National Seating & Mobility (NSM) and Invacare Outcomes Management, claiming their negligence is responsible for injuries he sustained from his power wheelchair.
ELYRIA, Ohio – Invacare is still very much in the throes of trying to complete a third and final audit to comply with U.S. Food and Drug Administration (FDA) regulations, based on an update given during a conference call last week.
ELYRIA, Ohio – Invacare President and CEO Gerry Blouch will be paid benefits at a rate equal to 50% of his current salary ($875,000) for periods up to 18 months following his retirement, according to a Securities and Exchange Commission (SEC) filing.