Invacare 4967401 224487799 2008-07-09T01:55:10Z Bobo192 97951 Reverted edits by [[Special:Contributions/66.168.134.169|66.168.134.169]] ([[User talk:66.168.134.169|talk]]) to last version by SmackBot {{Infobox_Company | company_name = Invacare Corporation| company_logo = [[Image:Invacare_logo_top.png|200px|Invacare logo]] | company_type = [[Public company|Public]] ([[NYSE]]: [http://www.nyse.com/about/listed/lcddata.html?ticker=IVC IVC])| company_slogan = Yes, you can.| foundation = [[1885]]| location = [[Elyria, Ohio]]| key_people = [[Malachi Mixon]], Chairman and CEO| num_employees = {{profit}} 6,000+| revenue = {{profit}}1.5 billion [[United States Dollar|USD]]| income = {{Profit}}50 million [[United States Dollar|USD]]| homepage = [http://www.invacare.com/ Invacare] }} '''Invacare Corporation''' ({{nyse|IVC}}) is world's leading manufacturer and distributor of non-acute medical equipments including [[wheelchairs]], [[mobility scooters]], [[walkers]] as well as respiratory products.<ref>[http://www.invacare.com/cgi-bin/imhqprd/inv_company/company_info.jsp?s=0&area=Main&WT.svl=topNavLink9 About Invacare]. Invacare Corp.</ref> Headquartered in [[Elyria, Ohio]], the company currently distributes its product to more than 80 countries around the world. ==History== History of Invacare can be traced its root 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 wheelchair. In the 1970s, Invacare was owned by [[Technicare]], a [[Cleveland, Ohio|Cleveland]] medical device manufacturer. With [[Mal Mixon]] as its Vice President of Marketing, the company branches into the field of diagnostic imaging. Later in 1978, Technicare was acquired by [[Johnson & Johnson]] and subsequently put a rather obscure Invacare for sale. Driven by the wish of running his own firm, Mal Mixon expressed interest in buying Invacare. Because of financial constraint, Mixon had to borrow $4.3 million and raise another $2.5 million in order to buy Invacare at $7.8 million. The transaction closed on [[December 28]], [[1979]]. Upon owning Invacare, Mixon faced quite a challenge: a debt load. By the end of year, due to competition and lack of new products, the company earned a merely $100,000 out of its $19 million sale. In 1980, sale skyrocketed to $2.5 million and earning over $1.4 million. Over the next year, Invacare branched into the field of home care bed. Today, though numerous acquisitions, Invacare has grown into a $8-billion medical product industry, supplying over 25,000 medical equipment providers with its product and distributing them to more than 80 countries around the world.<ref>[http://www.invacare.com/cgi-bin/imhqprd/inv_company/company_info.jsp?s=0&area=History Corporation history]. Invacare Corp.</ref> ==Harvard Alumni Achievement Award== On [[September 27]], [[2007]], A. Malachi Mixon was conferred the [[Harvard Business School]]’s highest honor, the Alumni Achievement Award, by [[Dean (education)|Dean]] [[Jay Light]]. The award was also given to: [[Ayala Corp.]] chair [[Jaime Augusto Zobel de Ayala]], [[Martin Sorrell]], [[Donna Dubinsky]] and Hansjorg Wyss of Synthes. <ref>[http://www.abs-cbnnews.com/Story_Page/tabid/55/cat/exclusives/news/3815/Default.aspx Abs-Cbn Interactive, JAZA receives Harvard alumni award]</ref> ==References== {{reflist}} ==External links== [http://www.invacare.com/ Invacare Homepage] [[Category:Companies based in Ohio]] {{US-company-stub}}