Invacare

Devices & Diagnostics

Invacare acquires negative-pressure wound therapy system

Home health products manufacturer Invacare (NYSE:IVC) has acquired a negative-pressure wound therapy system to be sold through its rental business for long-term care providers. But the Elyria, Ohio-based company wouldn’t reveal much more than that, such as the deal’s price or the company it acquired the technology from. Invacare revealed the acquisition in its (pdf) […]

Policy

Invacare’s federal lobbying: Lots of spending, few results

Despite having spent nearly $8 million on federal lobbying since 2005, home health products maker Invacare (NYSE:IVC) doesn’t have much to show for its efforts. Invacare has plenty of reasons to lobby Congress, because federal policy has a greater impact on the Elyria, Ohio-based firm than most. Medicare reimbursement rates determine the price that Invacare’s […]

Devices & Diagnostics

Invacare sees potential in long-term care equipment rentals market

As Invacare (NYSE:IVC) grapples with what it calls “slowness” in its markets, the medical equipment supplier illustrated with a recent acquisition one market in which it sees potential: rentals to long-term care providers like nursing homes and assisted-living facilities. The Elyria, Ohio-based company (pdf) announced last week when releasing its third-quarter earnings that it had […]

Devices & Diagnostics

Invacare lays off 50 workers worldwide

Home health equipment maker Invacare (NYSE:IVC) is laying off about 50 workers worldwide, citing a difficult economy and declining reimbursements to its customers. The layoffs are primarily hitting office workers and affect less than 1 percent of the Elyria, Ohio-based company’s 6,200 global workers, spokeswoman Lara Mahoney said. Mahoney partially blamed the layoffs on falling […]

Devices & Diagnostics

Invacare founders donate $5M to Case Western Reserve

J.B. Richey (left) and Malachi Mixon Invacare (NYSE:IVC) founders Malachi Mixon III and J.B. Richey II have made a $5 million donation to Case Western Reserve University that’s aimed at bolstering the university’s innovation initiatives. The gift will go toward the establishment of a Richey-Mixon Building, which would include space for Case’s school of engineering, […]

News

“The Cities” awards: Mal Mixon named Medical Mayor

A. Malachi Mixon III — known to most as Mal — is one of the Cleveland healthcare industry’s entrepreneurial successes. But that’s just one of the reasons why he is MedCity Media’s first recipient of “The Cities” Medical Mayor award, which recognizes his insight, vision and contributions to healthcare. “The Cities” awards honor the best, […]

News

Invacare: New Medicare competitive bidding has little impact on business

Home health products maker  Invacare (NYSE: IVC) reported that a controversial new Medicare competitive bidding program for durable medical equipment has had “no significant impact” on its business. The Elyria, Ohio-based company said it expects the program to be “neutral” to its 2011 earnings, according to a statement announcing its second-quarter financial performance. The first […]

Devices & Diagnostics

Invacare adds BioEnterprise CEO to board

Home health equipment manufacturer Invacare (NYSE: IVC) has added the president and CEO of Cleveland nonprofit BioEnterprise to its board. Baiju Shah will join Elyria, Ohio-based Invacare’s board of directors, according to a company statement. BioEnterprise was started in 2002 to help Northeast Ohio biomedical companies grow their businesses. Prior to BioEnterprise, Shah worked with […]