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Tag: Invacare


Vendors

Mal Mixon: A master class in leadership

December 3, 2020Liz Beaulieu, Editor

ELYRIA, Ohio - Mal Mixon, who passed away on Nov. 30 at the age of 80, will be remembered by many as the “face of HME” for guiding Invacare and, in many ways, the industry at large for more than three decades. Mixon will be remembered for numerous his contributions to the industry, but those who worked with him say his most significant contribution was a leadership style that helped to grow Invacare from $19 million in revenues and 300 employees in 1979, when he led a leveraged...

HOme medical equipment, Invacare, Mal Mixon


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Mal Mixon passed away

December 2, 2020HME News Staff

CLEVELAND - Mal Mixon, the former president, CEO and chairman of Invacare, passed away on Nov. 30 at the age of 80. Mixon led a leveraged buyout of Invacare in 1979, growing the company at its peak to $1.4 billion in revenues and 6,000 associates. He retired in 2010. "Mal was a pioneer in our industry who helped so many people," said Matt Monaghan, chairman, president and CEO of Invacare. "He led in growth and innovation. He was a tireless advocate of the industry and supporter of pioneers everywhere....

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Vendors

Invacare: 'We deliver in tough times'

October 30, 2020Liz Beaulieu, Editor

ELYRIA, Ohio - COVID-19 may be flaring up again in different parts of the world, including the U.S., but Invacare officials don't expect the impact of these subsequent waves to be as severe as the first wave, helping them to see the fourth quarter and full-year 2020 more optimistically. When the pandemic first hit earlier this year, “we didn't have a playbook,” said Matthew Monaghan, chairman, president and CEO, but now “we've learned to deal with it.” Health care facilities...

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Invacare expects acceleration in Q4

October 30, 2020HME News Staff

ELYRIA, Ohio - Invacare reported net sales of $211.9 million for the third quarter, a 10.1% decrease compared to the same period last year. Net sales increased from Q2 to Q3, however, by 8%. In North America, Invacare reported net sales of $88.1 million, a 1.2% increase, driven by respiratory products and partially offset by lower sales of mobility and seating and non-bed lifestyle products, which continue to be negatively impacted by pandemic-related health restrictions. Invacare expects, however,...

HOme medical equipment, Invacare


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Invacare teams up with Toys for Tots

October 28, 2020HME News Staff

ELYRIA, Ohio - Invacare will give a toy to Toys for Tots for every Solara 3G Manual Wheelchair the company sells in November. “We're honored to continue to find ways to support our community this holiday season,” said Michael Salvi, director of manual mobility and seating. Features of the Solara, which Invacare has nicknamed “the tank” for its durability, include fully adjustable, easy to tilt, low-shear recline, foot-operated wheel lock and 300-pound weight capacity.

Invacare, manual wheelchair, Solara, Toys for Tots


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Adaptive Switch Lab receives RESNA award

September 30, 2020HME News Staff

ELYRIA, Ohio - Adaptive Switch Laboratories, a division of Invacare, has received a RESNA Leadership Award. The award recognizes an agency, company, association or university for its significant contributions to the advancement of the field of assistive technology and rehab engineering. “I am pleased that ASL has been recognized by our peers as a leader in leveraging technology to make meaningful improvements in the lives of those with disabilities,” said Joost Beltman, Invacare's senior...

Adaptive Switch Laboratories, assistive technology, complex rehab, Invacare


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Invacare sets plan for growth

September 29, 2020HME News Staff

CLEVELAND - Invacare expects to add 45 new positions at its manufacturing site in Elyria as part of its launch of a new oxygen concentrator. The company plans to build a 10,000-square-foot clean room within its Taylor Street facility to enhance its manufacturing capabilities to produce its new Platinum NXG stationary oxygen concentrator to meet the rising demand for respiratory equipment during the COVID-19 pandemic. “Celebrating our 40th anniversary this year, Invacare has had a long and successful...

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News

Outlook for 2020: 'Focus on service and trust'

September 18, 2020Tracy Orzel

YARMOUTH, Maine - The COVID-19 pandemic has hit home that providers need to go from being HMEs to HMAs—home medical advisors, said Invacare's Matthew Monaghan during last week's HME News Business Summit. “It's less of a focus on E for equipment and more on service and trust,” said Monaghan, chairman, president, CEO of Invacare. “For the next 18 months, it's really about going beyond equipment and being that trusted care advisor.” Monaghan, a panelist for the session...

coronavirus outbreak, HME News Business Summit, Inogen, Invacare, outlook, ResMed


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Invacare retires most of remaining convertible notes

September 9, 2020HME News Staff

ELYRIA, Ohio - Invacare has retired the majority of its remaining 5% convertible senior notes due 2021. The company purchased about $22 million aggregate principal amount of the 2021 convertible notes for cash in separate open market transactions, leaving a balance of about $3.8 million aggregate principle amount of 2021 convertible notes outstanding. “I'm pleased we were able to retire the significant majority of our remaining 2021 convertible notes in advance of their February maturity,”...

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Vendors

Invacare shows improvements in 'unprecedented' tough market

August 7, 2020Liz Beaulieu, Editor

ELYRIA, Ohio - Invacare sees “encouraging signs” that the demand for mobility and seating products is recovering from a slowdown related to the COVID-19 pandemic. Order rates were up in July and into August, Matt Monaghan, chairman, president and CEO, told investors during a recent conference call to discuss the company's second quarter financial results. “In mobility and seating, the good momentum we had in the first quarter began to slow in early parts of the second quarter as...

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