Invacare Holdings Corporation Names Kai Zhu Senior VP, CFO
Zhu has served as Invacare’s vice president of finance EMEA since April 2022 and has more than two decades of financial leadership experience

ELYRIA, Ohio—Invacare Holdings Corporation, announced it has appointed Kai Zhu as senior vice president and chief financial officer, effective July 1, 2023. Zhu, 46, has served as Invacare’s vice president of finance EMEA since April 2022 and has more than two decades of financial leadership experience. Kathleen P. Leneghan, Invacare’s previous senior vice president and chief financial officer, announced her retirement from the company. She will remain at the company until Oct.

Invacare Corporation Announces Cooperation Agreement With Azurite Management

ELYRIA, Ohio (August 25, 2022)—Invacare Corporation announced that it has entered into a cooperation agreement with its largest shareholder, Azurite Management LLC, which currently owns approximately 10.3% of the company’s outstanding shares as of June 30, 2022. As part of the agreement, Invacare appointed two new independent directors, Steven H. Rosen and Ambassador Edward F. Crawford, effective immediately.

FDA Lifts Consent Decree Restriction at Invacare Facility
The decree affected operations at the Corporate and Taylor Street Facility in Elyria, Ohio

ELYRIA, Ohio (July 25, 2017)—Invacare Corporation has received notice from the United States Food and Drug Administration (FDA) that the company has successfully satisfied the Agency’s requirements under the consent decree to resume full operations at its Corporate and Taylor Street manufacturing facility in Elyria, Ohio.

Compass Health Brands Purchases ProBasics from Invacare

CLEVELAND, Ohio (October 12, 2016)—Compass Health Brands announced the acquisition of the Professional Medical Imports Division (PMI) and the ProBasics brand from Invacare Corporation. ProBasics, a line of durable medical equipment (DME), has long been Invacare’s value brand for home medical equipment (HME) providers who are seeking quality DME products at a price that supports today’s reimbursement environment.

AAHomecare Makes Strides for Competitive Bid Legislation

WASHINGTON, D.C. (April 28, 2016)—With both the House and Senate in session and just over two months left before a second round of deep cuts for rural and non-bid areas is set to take effect, AAHomecare staff and senior government relations representatives from AAHomecare members VGM, Apria, Invacare and Pride Mobility have been busy working the halls of Congress, meeting with or attending events with these key legislators since last Thursday: