Mal Mixon led Invacare for three decades and powered wheelchair sales as well as the company's identity. Read about five key moments in Mixon's leadership at Invacare, including his initial $10,000 investment and his innovations in motorized wheelchairs.
Invacare Corp. (NYSE:IVC) CEO A. Malachi Mixon III, a name synonymous with the company since he bought it with his life savings in 1979, is stepping down from his chief executive post but will stay on as chairman. Gerald Blouch, who's been working as the home health products maker's interim CEO since April, will succeed Mixon in the chief executive role.
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.
Home healthcare products maker Invacare Corp. (NYSE:IVC) is taking steps -- notably, reducing and refinancing its debt -- to be poised to make acquisitions, as well as return to historic sales growth rates. When might those things happen? Even executives of the Elyria, Ohio, company can't say.