In this latest news, Invacare has released 50 employees, most from their Elyria headquarters. They are not the only company in the homecare / mobility industry to do so recently. Invacare maintains that dismissed staff are “office workers” and spokesperson Lara Mahoney is quoted as saying that they are “just ensuring that we’re running as [...]
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China v USA
Update – The US Senate passes the bill. If it does not happen now, then it is just a question of time? China has threatened the US with a trade war if the US law-makers pass a bill currently under discussion that will force the value of the Chinese RMB to rise against the US [...]
Invacare Q2 2011 Results And The Outlook
Invacare announced their Q2 2011 results yesterday and the stock dropped in the region of 5%, why? What didn’t the market like, especially in view of the fact that: Organic net sales growth was up 3.8% vs Q2 last year. Adjusted EPS improved 15% vs Q2 last year to $0.45. Invacare generated free cash flow of $21.3 [...]
Automatic Gears For Manual Wheelchair – A Breakthrough…
A manual wheelchair system that automatically senses current usage and shifts gears automatically has been developed. Use on any wheelchair. Enter Scott Daigle, together with the team at IntelliWheels, has developed a product that automatically shifts gears according to speed and force, allowing the driver, for example to climb slopes easier, without changing gears manually. [...]
Positive News For Powered Wheelchair And Electric Scooter Consumers – Sony Batteries?
Hitting the wires today is news that Sony intends to make lithium-ion batteries for cars in two to three years. Is there a chance that this technology could be adopted for powered wheelchair and electric scooter users who have long suffered from the use of heavy batteries that all too frequently delivery erratic performance and driving distance [...]
Handicare Announces Change of Ownership At You-Q
Press Release Change of ownership You-Q In March of this year Handicare announced the establishment of a new company, You-Q, for the production, distribution and sales of the Alex, Beatle and Ibis XP power wheelchair models. Swedish investment company R12 Kapital has now signed a deal to become the new owner of You-Q. The sale [...]
The US Durable Medical Equipment Market Is Worth 26 Billion US Dollars
According to marketingresearch.com the US market is worth $26 billion and is due to grow by 6%. Does that put the world market at about 50 billion but growing faster because of developing countries? Homecare with it’s favorable aging population demographic continues to look like a great investment, despite reimbursement pressures, national competitive bidding and [...]
China Ups Rates 4th Time Since October
It is an aggressive move, and the central bank is acting more aggressively than the market had expected. via China ups rates 4th time since October | Reuters. FB – China sourcing – is it too late?
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