IVC

News

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."

By Brandon Glenn

News

Invacare gets FDA warning letter on reports of burning beds

Invacare Corp. (NYSE:IVC) has been slapped with a warning letter by federal regulators for failing to adequately investigate reports of fires and sparks caused by electric beds that in some cases allegedly resulted in patient deaths.

By Brandon Glenn

With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?

Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.

Devices & Diagnostics

Mal ‘Mr. Invacare’ Mixon: A look back at his tenure as CEO

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.

By Brandon Glenn

Devices & Diagnostics

Ex-national security advisor replaces governor-elect at Invacare

General James L. Jones, a recently retired national security advisor to President Obama, has joined the board of Invacare Corp. (NYSE:IVC), replacing departing Ohio Governor-elect John Kasich.

By Brandon Glenn

News

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.

By Brandon Glenn

Devices & Diagnostics

Invacare buys back $143M in high-yield debt

Invacare Corp. (NYSE:IVC) has purchased nearly $143 million in high-yield senior notes as the home healthcare equipment maker continues to reduce its debt load.

By Brandon Glenn

News

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.

By Mary Vanac

Devices & Diagnostics

Invacare offers to pay a premium for $146M in high-yield notes

Invacare Corp. (NYSE:IVC) is offering to buy back $146 million-worth of senior notes that come due in 2015 in a continuing effort to reduce its load of high-cost debt. Invacare is offering to pay $1,045 per $1,000 note until Nov. 1. Sellers who tender their shares by Oct. 15 will get an additional $30 "consent payment," or $1,075 per $1,000 note.

By Mary Vanac

Devices & Diagnostics

Invacare’s credit rating raised by Standard & Poor’s

Thanks to a recent focus on debt reduction, home health equipment maker Invacare Corp. had its corporate credit rating boosted by Standard & Poor's.

By Brandon Glenn

Devices & Diagnostics

Invacare accuses N.Y., Chinese companies of trade violations

The International Trade Commission is looking into claims by home healthcare product maker Invacare Corp. (NYSE: IVC) that a New York distributor and its Chinese manufacturer are infringing on the Ohio company's patented universal bed technology.

By Mary Vanac

Health Services

Maximize Revenue and Patient Care with Strategic Weight Loss Management

We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.

By Build My Health and MedCity News

News

Business leaders ‘disappointed’ in Gov. Strickland over Invacare ad

A group of Northeast Ohio business leaders and elected officials objects to a TV ad from Gov. Ted Strickland that they say casts Invacare Corp. in a negative light for outsourcing jobs.

By Brandon Glenn

Policy

Invacare becomes political football in Ohio’s governor race

Home medical products maker Invacare Corp. (NYSE: IVC) has taken center stage in Ohio's gubernatorial election, thanks to a TV ad from Gov. Ted Strickland that criticizes the outsourcing of Ohio jobs.

By Brandon Glenn

News

Mixon returning to Invacare … sorely missed, but company’s fine

Invacare Corp.‘s high-profile chairman and CEO A. Malachi Mixon III — known to most people simply as Mal — plans to return to his chairman’s seat by the end of July. The hard-living entrepreneur who threw in his life’s savings of $10,000 to lead the buyout of the home healthcare equipment and supply maker in […]

By Mary Vanac

News

Invacare shares spike after strong earnings report, guidance hike

Invacare Corp.‘s (NYSE: IVC) sales are growing again, especially in Asia. So the Elyria, Ohio maker of home healthcare equipment and supplies has raised its sights for earnings and free cash flow for the year, to the delight of shareholders. “Invacare delivered strong results in three key areas” during the second quarter, Gerald B. Blouch, […]

By Mary Vanac

News

Invacare CEO Mixon suffers mild stroke, takes medical leave

A. Malachi Mixon III, chairman and chief executive of Invacare Corp. (NYSE: IVC), has suffered a mild stroke and is taking a medical leave to recover, the company said early Friday. Gerald B. Blouch, president and chief operating officer for the Elyria, Ohio, company that makes home health care equipment and supplies, will take over […]

By Mary Vanac