BNET Industries

Invacare

(IVC) is in the Health Care Industry

Market Cap:$543.2M
Last Fiscal Year Sales:$1.6B
  • Public
  • US
Dow Jones Description

Invacare Corporation is the world's leading manufacturer and distributor in the $8.0 billion worldwide market for medical equipment used in the home. The company designs, manufactures, and distributes an extensive line of health care products for the non-acute care environment, including the home health care, retail, and extended care markets. When the company was acquired in December 1979 by Mal Mixon and a small group of investors, it had $19.5 million in net sales and a limited product line of standard wheelchairs and patient aids. Today, Invacare has reached approximately $1.5 billion in net sales and is the leading company in each of the following major, non-acute, medical equipment categories: power and manual wheelchairs, home care bed systems, and home oxygen systems. Invacare is the only company in the home medical equipment industry with a full line of products: - Rehab Products Custom power and custom manual wheelchairs, seating and positioning, and scooters.

Chief Executive OfficerA. Malachi Mixon
Number of Employees 6,100
Contact Information

1 Invacare Way

PO Box 4028

Elyria, Ohio 44035-4190

invacare.com

(440) 329-6000

NAICS Code Surgical Appliance and Supplies Manufacturing: 339113

Recent Events

  • 'Verizon deploys, manages Invacare's European network'

    6/26/09 - Joint Venture / Alliance - View Story

  • Verizon Private IP Quadruples Network Capacity for Invacare's European Operations

    6/25/09 - Licensing / Contract - View Story

  • Medical Action Industries 4th Quarter and Year-End Earnings Call to Take Place on June 4,...

    5/23/09 - Stock Split / Dividend - View Story

  • Invacare Corporation IVC Reports Improved Earnings and Cash Flow for Its First Quarter

    4/23/09 - Financial Announcement - View Story

  • TTCI CO., LTD. Adjusts Listing Date for Private Placement of Common Shares

    4/01/09 - Merger / Acquisition - View Story

  • Invacare elects Dale LaPorte to Board - Quick Facts

    2/19/09 - Mgmt. Change Entering - Other - View Story

  • Invacare Corporation Announces Appointment of Dale C. LaPorte to Board of Directors

    2/19/09 - Board Member - Entering - View Story

  • Invacare Corporation Announces Appointment of Dale C. LaPorte to

    2/19/09 - Mgmt. Change Leaving - Vice President - View Story

  • Invacare Corporation Reports Earnings within Guidance and Strong

    1/29/09 - Financial Announcement - View Story

  • Invacare names new senior vice president and general counsel

    1/02/09 - Mgmt. Change Entering - Legal - View Story

  • Invacare Corporation Announces New Senior Vice President and General Counsel

    12/31/08 - Mgmt. Change Entering - Vice President - View Story

  • Zacks Low Price Stocks strategy highlights: Hawk, Invacare, Time Warner and Unum.

    12/29/08 - Financial Announcement - View Story

News & Analysis

invacare - All News and Analysis

Decision Makers

Name (plus bio) Position
A. Malachi Mixon Chief Executive Officer
William M. Weber President and Chief Executive Officer, Air Enterprises, Llc
Dan Moore Founder and President
Gerald Blouch President
Robert K. Gudbranson Senior Vice President and Chief Financial Officer
Anthony C. Laplaca Senior Vice President and General Counsel
Dale LaPorte Senior Vice President, Business Development
Joe Usaj Senior Vice President, Human Resources
Louis Slangen Senior Vice President, Global Sales and Marketing
Chris Yessayan Vice President and General Manager, Invacare Ipartner Solutions
David Kazan Vice President, Sales & Marketing, Invacare Ipartner Solutions
John Ledek Vice President & Category Manager, Respiratory Prods
Jonathan Brown Vice President & Category Manager, IVC, Standard Prods
Mal Mixon Vice President, Marketing
Michael Perry Vice President, Invacare Supply Group
Neal J. Curran Vice President, Engineering & Prod Development
Russ Lenahan Vice President, Info Technology
Stephen D. Neese Vice President-Cust Service & E-Business
W. Darrel Lowery Vice President, N American Logistics
John S Kasich Managing Director, Investment Banking Group
Colin K Drummond Director of Clinical Research
Franz Krammer Mg. Director, Invacare Europe
Ken SparrowMng Director, Asia Pacific
Mary Carol Peterson Marketing Manager, Invacare Top End
Bill Corcoran Treasurer
Agnes Riquelme Publication Editor
Michael F. Delaney Director

Board of Directors

Name (plus bio) Position
C Martin Harris Chief Information Officer and Chairman of the Information Technology Division, the Clevel
Bernadine P. Healy MD Chairperson
James C Boland Chairperson
John R. Kasich Chairperson
James L. Jones Board of Directors
Joseph B. Richey II Board of Directors
Whitney Evans Board of Directors
Organization Position Status
Invacare Corporation Chief Executive Officer Current
The Sherwin-Williams Company Chairman and Chief Executive Officer, Invacare Corporation Current
Invacare Corporation Chief Operating Officer Current
McM Capital Corporation Current
Invacare Corporation Chairman of the Board Current
Cleveland Institute of Music Chairman Current
Park-Ohio Holdings Corp. Director Current
The Cleveland Clinic Board of Directors Current
Invacare Corporation President Former
The Sherwin-Williams Company NA Former
The Sherwin-Williams Company Director Former
Invacare Corporation Director Former
The Lamson & Sessions Co. Board of Directors Former
Harvard Corporation MBA Former
Harvard University MBA Former
Harvard Corporation BA Former
Organization Position Status
Air Enterprises, Inc. Chief Executive Officer Current
Invacare Corporation President and Chief Executive Officer, Air Enterprises, Llc Current
Invacare Corporation Chairman Current
Wood & Co President Former
Air Enterprises, Inc. President Former
Invacare Corporation Director Former
Organization Position Status
Flow Polymers Chief Executive Officer Current
Invacare Corporation Founder and President Current
Flow Polymers Owner Current
Hawk Corporation Principal Accounting Firm Fees Current
Resilience Capital Partners LLC Advisor Current
Sonic Corporation Chairman Current
Invacare Corporation Director Current
Hawk Corporation Board of Directors Current
Park-Ohio Holdings Corp. Board of Directors Current
Invacare Corporation Founder Former
Flow Polymers Board of Directors Former
Organization Position Status
Invacare Corporation President Current
Invacare Corporation Chief Operating Officer Current
Invacare Corporation Director Current
The Ohio State University MBA Former
Bowling Green State University BA Former

C. Martin Harris, M.D., 51, has been a director since 2003. Since 1996, Dr. Harris has been the Chief Information Officer and Chairman of the Information Technology Division of The Cleveland Clinic Foundation in Cleveland, Ohio and a Staff Physician for The Cleveland Clinic Hospital and The Cleveland Clinic Foundation Department of General Internal Medicine. Additionally, since 2000, he has been Executive Director of e-Cleveland Clinic, a series of e-health clinical programs offered over the Internet. Nationally, Dr. Harris serves as the Chairman of the National Health Information Infrastructure (NHII) Task Force of the Healthcare Information and Management Systems Society (HIMSS), the largest information and management systems society in the world. He is also the Chairman of the Foundation Board for the e-Health Initiative, a public policy and advocacy group that encourages the interoperability of information technology in healthcare.

Organization Position Status
Cleveland Clinic Hospital Chief Information Officer Current
Invacare Corporation Chief Information Officer and Chairman of the Information Technology Division, the Clevel Current
Sentillion, Inc. Chief Information Officer Current
Wisconsin Technology Network LLC Chief Information Officer Current
E-Cleveland Clinic Executive Director Current
Cleveland Clinic Hospital Staff Physician Current
Institute for Healthcare Improvement Board of Directors Current
American Medical Informatics Association Board of Directors Current
Sentillion, Inc. Board of Directors Current
Association of American Medical Colleges Advisory Board Current
Initiative Chairman Current
Invacare Corporation Director Current
E-Cleveland Clinic Chairman Former
Wharton Graduate School of the University of Pennsylvania Masters In Business Administration Former
The Wharton School of the University of Pennsylvania Master's In Business Administration In Healthcare Management Former
University of Pennsylvania Degrees Former
Organization Position Status
Invacare Corporation Senior Vice President and Chief Financial Officer Current
Lincoln Electric Holdings, Inc. Vice President, Strategic Planning & Acq Current
Lincoln Electric Holdings, Inc. Director, Strategic Planning and Acquisitions Former
Invacare Corporation Director of Business Development and Investor Relations Former
Yale University BA In Applied Mathematics Former

LaPlaca is responsible for all legal affairs, risk management, and intellectual property. He also serves as the corporate secretary. Before joining Invacare, LaPlaca was Vice President and General Counsel of Bendix Commercial Vehicle Systems, and its predecessor businesses at Honeywell International Inc. from 1997 through 2008. Prior to that time, he was a partner at a Cleveland-based, national law firm. He holds a BS in Economics from The Wharton School, University of Pennsylvania, and a JD from Boston University School of Law.

Organization Position Status
Invacare Corporation Senior Vice President and General Counsel Current
Bendix Commercial Vehicle Systems LLC Vice President Former
Bendix Commercial Vehicle Systems LLC General Counsel Former
Boston University School of Law Jd Former
Wharton Graduate School of the University of Pennsylvania BS In Economics Former
Boston University School of Law BS In Economics Former

Senior Vice President - Business Development and General Counsel. LaPorte is responsible for all legal affairs, risk management, mergers and acquisitions, and regulatory affairs. He also serves as the Corporate Secretary. Before joining Invacare, LaPorte was a partner at Calfee, Halter & Griswold LLP since 1974 and served as Chairman of that firm from 2000 through 2004.

Organization Position Status
Invacare Corporation Senior Vice President, Business Development Current
Invacare Corporation Board of Directors Current
Invacare Corporation Corporate Secretary Former
Organization Position Status
Invacare Corporation Senior Vice President, Human Resources Current
Ferro Corporation Vice President, Human Resources Former
Cleveland State University B.A. In Psychology Former

Senior Vice President - Global Sales and Marketing.Slangen has in-depth sales and marketing experience in the consumer products industry through sales and marketing positions held with Norelco, Philips, Magnavox, and Genie divisions in the U.S. and Europe with Philips Royal Electronics, one of the world's leading electronics companies. Slangen is a graduate of Nijenrode University in The Netherlands. He received his BBA from the University of Puget Sound and his MBA from Oregon State University.

Organization Position Status
Invacare Corporation Senior Vice President, Global Sales and Marketing Current
Invacare Corporation President Â?? Rehab Division Former
Invacare Corporation General Manager Â?? Rehab Division Former
Magnavox Sales and Marketing Positions Former
Oregon State University MBA Former
University of Puget Sound Bba Former
Nijenrode University Former
Organization Position Status
Invacare Corporation Vice President and General Manager, Invacare Ipartner Solutions Current
Organization Position Status
Invacare Corporation Vice President, Sales & Marketing, Invacare Ipartner Solutions Current
Organization Position Status
Invacare Corporation Vice President & Category Manager, Respiratory Prods Current
Organization Position Status
Invacare Corporation Vice President & Category Manager, IVC, Standard Prods Current
Organization Position Status
Invacare Corporation Vice President, Marketing Current
Organization Position Status
Invacare Corporation Vice President, Invacare Supply Group Current
Organization Position Status
Invacare Corporation Vice President, Engineering & Prod Development Current
Organization Position Status
Invacare Corporation Vice President, Info Technology Current
Organization Position Status
Invacare Corporation Vice President-Cust Service & E-Business Current
Organization Position Status
Invacare Corporation Vice President, N American Logistics Current
Organization Position Status
Invacare Corporation Managing Director, Investment Banking Group Current
Invacare Corporation Board of Directors Current
Worthington Industries, Inc. Director Current
House of Representatives Board of Directors Former
Organization Position Status
Ohio Mems Association, Inc President, and Statutory Agent Current
Invacare Corporation Director of Clinical Research Current
Ohio Mems Association, Inc Board of Directors Current
Organization Position Status
Invacare Corporation Mg. Director, Invacare Europe Current
Organization Position Status
Invacare Corporation Director, Asia Pacific Current
Organization Position Status
Invacare Corporation Marketing Manager, Invacare Top End Current
Invacare Corporation Marketing Executive Former
Organization Position Status
Invacare Corporation Treasurer Current
Organization Position Status
Invacare Corporation Publication Editor Current
Organization Position Status
U.S.News & World Report Columnist Current
U.S. News & World Report, L.P. Health Editor Current
Organizedwisdom, LLC Current
Find Deals & Read Hotel Current
Invacare Corporation Chairperson Current
The Covington Director Current
Battelle Memorial Institute Board of Directors Current
Kentucky Corporation Director Current
Progressive Casualty Insurance Company Board of Directors Current
National City Corporation Board of Directors Current
Ashland, Inc. Board of Directors Current
The Progressive Corporation Board of Directors Current
Bee Magazine Board of Directors Current
The American National Red Cross CEO Former
The American National Red Cross President Former
American Heart Association, Inc. President Former
U.S. News & World Report, L.P. Senior Writer Former
U.S.News & World Report Health Editor Former
National Internet Health (Nih) Director Former
American College of Cardiology Board of Directors Former
Vassar College Board of Directors Former
Nhlbi Board of Directors Former
Invacare Corporation Board of Directors Former
Harvard Medical School M.D. Former
Vassar College Bachelor's Degree Former
Organization Position Status
Cleveland Cavaliers/Quicken Loans Arena President Current
Cardinalcommerce Current
Invacare Corporation Chairperson Current
Dix & Eaton Vice Chairman, Cavaliers Operating Company, Llc Current
Great Lakes Science Center Board of Directors Current
The Sherwin-Williams Company Board of Directors Current
Rubber-, Inc. Board of Directors Current
Cardinalcommerce Director Current
Ring 9, Inc. Vice Chairman of the Cleveland Cavaliers Current
Leadership Cleveland Board of Directors Current
Cavaliers Operating Company, LLC Chief Executive Officer Former
Cavaliers Operating Company, LLC President Former
Ernst & Young partner Former
Ernst & Young officer Former
Ernst & Young Vice Chairman Former
Cavaliers Operating Company, LLC Vice Chairman Former
Invacare Corporation Board of Directors Former
The George Washington University Master's Degree Former
John Carroll University BS Former
The George Washington University BS Former
Leadership Cleveland member Former

John R. Kasich, age 56, has served continuously as a director of the Company since 2001 and is a member of the Compensation Committee and the Nominating and Governance Committee. Mr. Kasich has been Managing Director of the Investment Banking Group of Lehman Brothers Holdings Incorporated, in Columbus, Ohio, since January 2001. For more than five years prior to that time, Mr. Kasich was a member of the U. S. House of Representatives. Mr. Kasich is a contributor on the Fox News Channel. Mr. Kasich is also a director of Invacare Corporation and serves as the Chair of its Nominating Committee.

Organization Position Status
Worthington Industries, Inc. Managing Director, Investment Banking Group Current
Invacare Corporation Chairperson Current
Worthington Industries, Inc. Board of Directors Current
Lehman Brothers Holdings Inc. managing director Former
The New York Times Company author Former
Invacare Corporation Director Former
House of Representatives Board of Directors Former
Organization Position Status
Invacare Corporation Board of Directors Current
The Boeing Company Board of Directors Former
Chevron Corp. Board of Directors Former
Organization Position Status
Invacare Corporation Board of Directors Current
STERIS Corporation Board of Directors Current
Case Western Reserve University Member, Board of Trustees Current
Invacare Corporation President, Technologies Division Former
Invacare Corporation General Manager, North American Operations Former
Case Institute of Technology Bsee Former
Organization Position Status
Invacare Corporation Director Current
Organization Position Status
Invacare Corporation Board of Directors Current

Executive News

  • Ex-US Rep formally announces run for Ohio governor

    Washington Post - 6/01/09 - View Story

advertisement
     IVC $17.25 -0.39 (-2.21% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 282,243
Shares Outstanding 32.14M
Market Cap 554.3M
Year High 26.58
Year Low 13.3
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated

Brought to you by CBS MoneyWatch.com

advertisement