Skip to Content

Tag: Invacare


In Invacare’s ‘line of sight’: robust growth  

Vendors

In Invacare’s ‘line of sight’: robust growth  

May 7, 2021Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare expects to ship $15 million worth of back orders in the next two quarters, which will give the company a nice lift going into the back half of 2021.  Invacare reported a 10.2% decrease in net sales for the first quarter this year compared to the same period last year, primarily due to the impacts of the COVID-19 pandemic, including continued limited access to health care, and to supply chain disruptions.  “Our first quarter results were...

Coronavirus Outbreak, Invacare, Matt Monaghan


Read Full Articlered right arrow icon

Invacare: Decline is temporary 

Vendors

Invacare: Decline is temporary 

May 6, 2021HME News Staff

ELYRIA, Ohio – Invacare reported net sales decreased 10.2% to $196.2 million in the first quarter of 2021 compared to the same period in 2020.  The company says revenue growth in respiratory products was more than offset by lower sales of mobility and seating and lifestyle products, which continue to be impacted by the COVID-19 pandemic, as well as supply chain disruptions that hampered its order fulfillment during the quarter.   "We entered 2021 with strong demand for...

Home Medical Equipment, Invacare, Matt Monaghan


Read Full Articlered right arrow icon

News

In brief: CMS guidance, Convatec acquisition, Drive CEO

April 2, 2021HME News Staff

WASHINGTON – CMS has instructed the Medicare Administrative Contractors (MACs) to hold all claims with dates of service on or after April 1, 2021, for a short period, in anticipation of possible congressional action to extend the moratorium on the 2% sequestration cuts.  “This will minimize the volume of claims the MACs must reprocess if Congress extends the suspension,” CMS wrote in a March 30 bulletin. “The MACs will automatically reprocess any claims paid with the...

Braze Mobility, Complex Rehab, ConvaTec, Cure Medical, Drive DeVilbiss Healthcare, Home Medical Equipment, Invacare, Merits, Oventus Medical


Read Full Articlered right arrow icon

Stephanie Fehr

Also Noted

Invacare adds Fehr to board

March 29, 2021HME News Staff

ELYRIA, Ohio – Invacare has appointed Stephanie Fehr, who has a strong background in human resources and talent development for leading health care and technology businesses, to its board of directors. Fehr currently serves as executive vice president and chief human capital officer of UnitedHealthcare, a division of UnitedHealth Group. “Her background in health care and wealth of experience in human capital leadership will be invaluable to Invacare as we embark on our next...

board of directors, Invacare, Stephanie Fehr


Read Full Articlered right arrow icon

Matt Monaghan

Vendors

Invacare sees ‘high demand’ for oxygen concentrators

February 12, 2021Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare saw a 72.2% increase in respiratory sales for the fourth quarter in North America and a 40.1% increase for 2020 due to increased demand for oxygen concentrators during the COVID-19 pandemic.  Invacare reported $18.7 million in net sales for respiratory products in the fourth quarter and $72.3 million for 2020.  “We see high demand for all modalities of oxygen increasing,” said Matthew...

Invacare, Matthew Monaghan, Oxygen Concentrator


Read Full Articlered right arrow icon

Vendors

Invacare posts Q4 loss, but highlights sequential improvements

February 11, 2021HME News Staff

ELYRIA, Ohio – Invacare reported net sales of $224 million for the fourth quarter of 2020, an 8.9% decrease compared to the same period in 2019.   But there were several improvements from the third to fourth quarter, says Matthew Monaghan, chairman, president and CEO.  “In the fourth quarter we achieved improvement in sequential consolidated net sales of 5.7% and constant currency sequential net sales of 4.2%, driven by continued respiratory strength, increased sales...

Home Medical Equipment, Invacare, Matthew Monaghan


Read Full Articlered right arrow icon

Business Development

Demand for bariatrics remains strong

February 1, 2021John Andrews

Despite some disruptions caused by the COVID-19 pandemic, sales of bariatric products have remained steady during the past year, manufacturers say.  Navigating disruptions  The pandemic has impacted the supply chain for bariatric products in various ways, including limiting access to health care and long-term care facilities, restricting access to products and clinicians.  “COVID-19 has had an impact on all segments of the mobility...

Bariatric Equipment, Golden Technology, Invacare, Quantum Rehab


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

Also Noted

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....

Invacare, Mal Mixon


Read Full Articlered right arrow icon

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...

Coronavirus Outbreak, Invacare


Read Full Articlered right arrow icon