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Invacare’s reorg approved 

Invacare’s reorg approved 

ELYRIA, Ohio – Invacare’s Chapter 11 plan for reorganization was approved by the U.S. Bankruptcy Court for the Southern District of Texas on April 28, according to a Form 8-K filed on May 2. 

For a summary of the material terms of the plan as approved and confirmed by the court, go here

Invacare and two of its U.S. subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy code on Jan. 31 as part of a plan to reduce debt by about $240 million. 

In the wake of the filing, Invacare has: 

  • Exited the respiratory market to focus on its Lifestyle and seating and mobility portfolios; 
  • Partnered with a sales organization to expand the reach of its Lifestyle portfolio; and 
  • Closed its product and distribution facility in Sanford, Fla. 

In a press release announcing the initial bankruptcy filing, Invacare stated it expects to be financially positioned to seize opportunities and capitalize on a significant upward shift in market demand, and deliver improved profitability and free cash flow in 2023 and beyond. 


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