INVACARE CORPORATION (NYSE:IVC) Files An 8-K Costs Associated with Exit or Disposal Activities
Item 2.05.
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Costs Associated with Exit or Disposal Activities.
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reduction in its workforce of approximately 50 associates in
North America. The Company expects to incur pre-tax cash
restructuring charges relating to severance and transition
assistance of approximately $0.7 million, that will be expensed
in the second quarter of 2017. The Company expects cash payments
to be made from May 2017 through November 2017. Once this
reduction in workforce is completed, the Company expects that it
will generate approximately $2.7 million in annualized pre-tax
savings.
the reduction in workforce. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
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(d) Exhibits.
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Exhibit Number
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Description of Exhibit
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99.1
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Press Release, dated May 24, 2017.
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About INVACARE CORPORATION (NYSE:IVC)
Invacare Corporation is a manufacturer and distributor for medical equipment used in non-acute care settings. The Company’s geographical segments are Europe; North America, which includes North America/Home Medical Equipment (North America/HME) and Institutional Products Group (IPG) segments, and Asia/Pacific. The Company manufactures and distributes three product categories: mobility and seating, lifestyle and respiratory therapy. It provides medical device solutions for congenital (cerebral palsy, muscular dystrophy and spina bifida), acquired (stroke, spinal cord injury, traumatic brain injury, post-acute recovery and pressure ulcers) and degenerative (amyotrophic lateral sclerosis, multiple sclerosis, chronic obstructive pulmonary disease (COPD), elderly and bariatric) ailments. The Company sells its products to home medical equipment providers with retail and e-commerce channels, residential living operators, distributors and government health services. INVACARE CORPORATION (NYSE:IVC) Recent Trading Information
INVACARE CORPORATION (NYSE:IVC) closed its last trading session down -0.15 at 14.65 with 98,478 shares trading hands.
