Invacare Corporation is in the midst of a three-phase business transformation from a generalist durable medical equipment company to one that focuses its technical capabilities on solving complex clinical needs for post-acute care. In 2016, the company invested significantly in recruiting and training within its North America commercial team, as well as marketing and engineering to advance its clinical product strategy.

This year, the company is taking steps to align its infrastructure with this stage of the transformation. As part of this initiative, the company is reducing its workforce by roughly 100 employees. This reduction is part of the company's larger effort to be more efficient, and it is expected to generate approximately $6.6 million in annualized pre-tax savings.
 
“Invacare continues to make progress with our transformation plan. After investing in and reorienting the North America commercial organization throughout 2016, now we are focusing on realigning our infrastructure. This will include initiatives that streamline our operations, improve our processes, and remove complexity and cost from our business. These changes, while difficult, are an essential part of our transition to becoming a more sustainably profitable, growing business,” said Matthew E. Monaghan, chairman, president and CEO.
 
Customary transition assistance will be provided to affected employees as a result of this transition.
 
Due to the realignment, the company expects to incur restructuring charges of approximately $2.2 million on a pre-tax basis.
 
Invacare Corporation, headquartered in Elyria, Ohio, manufactures and distributes home and long-term care medical products that promote recovery and active lifestyles. The company currently has approximately 4,600 associates and markets its products in about 100 countries worldwide.