Invacare
Russell 2000 component | |
Founded | 1885 |
---|---|
Headquarters | , U.S. |
Number of locations | 30 |
Area served | 80+ countries |
Key people | Matthew E. Monaghan, CEO |
Products | Non-acute medical equipment |
Services | medical equipment, respiratory, wheelschairs, position beds |
Revenue | US$1.8 billion (2011)[1] |
Total assets | US$1.3 billion (2011)[1] |
Total equity | US$626.5 million (2011)[1] |
Number of employees | 3,400 (2020) |
Website | invacare |
Invacare Corporation is an American manufacturer and distributor of non-acute
History
The history of Invacare can be traced back to 1885 when the Worthington Company began to produce a wide range of wheelchairs. The product lines were expanded several times, but its main focus remained in wheelchairs.
In the 1970s, Invacare was owned by
Today,[when?] through numerous acquisitions, Invacare has grown into a $1.8 billion medical product company, supplying over 25,000 medical equipment providers with its product and distributing them to more than 80 countries around the world.[4]
In 2012, Invacare entered into a consent decree with the Federal Government regarding certain products and facilities.[5]
By 2013, the FDA had accepted two certification reports by an independent auditor, making progress toward removing the consent decree. In 2015, after a follow-up inspection, the agency informed Invacare that more work was required in both the company’s controls over its design process and design history as outlined in report two.
Although the third party auditor had submitted a third and final certification report whose acceptance could have lifted the consent decree, no review could be done on that report until the discrepancies noted in report two had been resolved.
In April 2017, the agency informed that company that it had accepted the revised second certification report allowing Invacare to resume design work in its Elyria, OH facility. The company is awaiting review and acceptance of the third certification report.[6]
Harvard Alumni Achievement Award
On September 27, 2007, A. Malachi Mixon was conferred the
References
- ^ a b c d "Invacare Corporation (IVC)-Key Statistics". Yahoo! Finance.
- ^ About Invacare. Invacare Corp.
- ^ Kilgore, Tomi (2023-02-01). "Invacare files for bankruptcy, but expects to keep making and delivering home-care products". MarketWatch. Retrieved 2023-02-01.
- ^ Corporation history. Invacare Corp.
- ^ [1]. Invacare Consent Decree
- ^ Beaulieu, Liz (21 April 2017). "Update at Invacare: FDA moves on". HME News. Yarmouth ME: United Publications, Inc. Retrieved 16 May 2017.
- ^ Abs-Cbn Interactive, JAZA receives Harvard alumni award[permanent dead link]