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Tag: turnaround

Geoff Purtill


New CEO aims to restore confidence in Invacare

September 30, 2022Liz Beaulieu, Editor

ELYRIA, Ohio – Geoffrey Purtill, Invacare’s interim president and CEO, is the type of leader who keeps finding himself in turnaround situations and his current appointment is no different.  Purtill, who was named by the board of directors to replace Matt Monaghan in late August, has also led – and still does lead – the company’s Europe/Middle East/Africa and Asia Pacific businesses.  “When I took over APAC, it didn’t have the proper foundation...

Geoffrey Purtill, Invacare, turnaround

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Invacare looks to stabilize in second half of 2017

August 8, 2017HME News Staff

ELYRIA, Ohio - Invacare reported $233.5 million in net sales for the second quarter of this year compared to $275 million for the same period last year, a 15.1% decrease.For the North America/HME business segment, it reported $77.7 million in net sales compared to $110.7 million, an 86.4% decrease.“As indicated previously, we expected net sales to continue to decline through the first half of 2017 before stabilizing sequentially later in the year,” said Matthew Monaghan, chairman, president...

Consent Decree, Financial Results, Invacare, turnaround

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