Invacare

Devices & Diagnostics

Invacare hires chief compliance officer

Home health equipment maker Invacare (NYSE:IVC) has hired a chief compliance officer who previously held the role with Endo Pharmaceuticals (NASDAQ:ENDP). Colleen Craven’s role will be to ensure that Invacare is compliant with “relevant laws and regulations regarding the design, manufacture and distribution of medical devices,” according to a statement from the company. Invacare’s regulatory […]

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Invacare: How much will ‘burning beds’ warning letter hurt the company?

For most medical device companies, the occasional warning letter from the U.S. Food and Drug Administration is just a minor annoyance, another part of doing business. But a recent FDA warning letter to home health products manufacturer Invacare Corp. (NYSE:IVC) that contained unsubstantiated reports of fires, entrapments and deaths caused by the company's adjustable electric beds holds the potential to be much more harmful to the company than the typical warning letter. The key word there is "potential."

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Invacare’s Mixon steps down as CEO; passes title to Blouch

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.

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Invacare cuts debt to be ready to acquire, grow again

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.