Category: Invacare Corp.
Invacare sells its Altimate Medical subsidiary, maker of standing-assistance devices, to Rockwood Equity Partners for about $23 million in cash.
Invacare (NYSE:IVC) is hoping to narrow its focus and reduce its debt after divesting its Altimate Medical subsidiary for $23 million in cash.
Invacare blames a poor 1st-half and "slow start" to Q3 for restructuring measures that will reduce its workforce by nearly 200 employees.
Ohio-based Invacare (NYSE:IVC) is conducting another round of layoffs as it continues to struggle through the year.
Charles Dockendorff, the outgoing CFO at Covidien, is named to the board of directors at Haemonetics.
, BSD Medical
, Invacare Corp.
, Life Sciences Foundation
, Oncologix Tech Inc.
, Philips Healthcare
, Reva Medical Inc.
Here's a look at some of the top personnel stories for medical device companies this week.
Becton Dickinson & Co.
, Biolase Technology Inc.
, Corning Inc.
, DJO Global Inc.
, Imaging Diagnostic Systems
, Invacare Corp.
, Life Technologies Corp.
, LifeScience Alley
, Millennium Dental Technologies
, NinePoint Medical Inc.
, Oracle Partners
, Prospect Venture Partners
, RF Surgical Systems
, Securities & Exchange Commission (SEC)
, Third Rock Ventures LLC
, Unilife Corp.
DJO Global's new finance chief is Susan Crawford, late of Life Technologies, where she was in charge of integrating acquisitions.
DJO Global said it hired a new CFO, Susan Crawford, formerly of Life Technologies.
Crawford replaces Vickie Capps, who left DJO late last year "to pursue other business opportunities," the company said at the time.
Invacare winds down operations at a Canadian manufacturing facility in hopes of saving up to $2.7 million per year.
Invacare must address a few more issues before landing certification, a 3rd-party auditor tells company executives.
Invacare (NYSE:IVC) has a few more items to address before winning certification for its Ohio facility, a 3rd-party auditor told company executives.