Cost reductions and a stronger U.S. dollar won the first quarter for Invacare Corp. (NYSE: IVC) But the maker of home healthcare equipment and supplies lowered its sites for sales growth this year to between zero and 1 percent. Its previous guidance had been between 1 percent and 3 percent. The move sent Invacare shares […]
Ohio’s medical device makers are still trying to figure out what the new 2.3 percent sales tax on their products–compliments of health care reform–will mean for them. The tax on sales by “manufacturers, producers or importers” (pdf) of medical devices comes due in 2013 instead of 2011, as was originally proposed, so companies have almost […]
Small practices play a critical role in healthcare delivery, but they cannot continue to absorb ever-increasing administrative demands without consequences.
Passage of a reconciliation bill under consideration in the U.S. Senate would lessen the impact of a new medical device tax on Invacare Corp. in Elyria, Ohio, according to the Cleveland Plain Dealer. Initially dismissed as “absurd” by Invacare Chairman and CEO A. Malachi Mixon, the new tax to raise money to pay for insurance […]
Issues surrounding government reimbursement and federal tax policy topped the agenda among Ohio health companies and hospitals’ major concerns last year, interviews and publicly filed lobbying reports revealed. The Cleveland Clinic, Elyria-based Invacare Corp. and Dublin-based Cardinal Health Inc. led the way in spending amongst Ohio health care organizations and companies, all spending in excess of $1 million in their federal lobbying efforts last year.
Employees of home health care equipment maker Invacare Corp. are using YouTube videos to woo President Obama to visit their company during his White House to Main Street Tour through Lorain County on Jan. 22.
A. Malachi Mixon III, chairman and chief executive of Invacare Corp., shook his head in disbelief when he heard that the head of the Senate Finance Committee wanted to tax medical device sales to raise $4 billion a year to pay for health care reform. Now that the absurdity is on the verge of becoming a reality, Mixon is speaking out.
By reducing administrative burden and redesigning workflows around human needs, it creates space for what matters most: connection between clinicians and patients.
Home-health products company Invacare Corp. warned that the looming specter of a federal medical device tax has prompted it to suspend matching 401(k) contributions, stop merit-pay increases for management and freeze hiring.
Home health care equipment maker Invacare Corp. could send jobs abroad if a new tax on medical device manufacturers in the U.S. Senate's health insurance reform bill is implemented.
One Cuyahoga County commissioner believes Mayor Frank Jackson should lower his $20 million asking price for city-owned land coveted for a medical merchandise mart and new convention center.
Elyria home health care company Invacare Corp. said Tuesday it has enhanced its corporate governance framework and policies, including agreeing to declassify its board of directors.
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Invacare Corp. profits rose 43 percent in the second quarter from a year ago as operating expenses as a proportion of sales, interest expenses and income taxes fell. Sales fell 8 percent to $412.5 million in the recent quarter from a year ago, mostly because of unfavorable foreign currency exchange rates. Last week, President Obama gave a thumb's up to the home health care industry.
Wheelchair manufacturers and suppliers fear they've been sacrificed in state's budget negotiations in a way that will cost jobs, damage the industry and threaten nursing home patients' access to rehabilitative wheelchairs.
A couple of Midwest biomedical companies announced new venture financing this week. Could the deep freeze for early-stage investments be thawing?
A. Malachi Mixon III, chairman and chief executive of Invacare Corp., feels blessed that his company has side-stepped the world financial and economic crises. He's optimistic about his company's financial prospects this year, and about the long-term prospects of the home health care industry.
Elyria home medical equipment maker Invacare Corp. has appointed Dale LaPorte as a director. LaPorte fills the board seat vacated last month by Retired Marine Corps General James L. Jones, who resigned because he had been appointed as the National Security Advisor to President Barack Obama.