There is no doubt that with the strengthening dollar, costs for homecare products are set to rise in Europe. Most manufacturers and distributors of wheelchairs and other homecare products extensively source wheelchairs or components from China, where products are usually procured in US Dollars. A quick glance at a ten year chart will show that [...]
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Hospitals Doctors And Drug Companies
Are hospitals who limit ties with drug companies at a competitive disadvantage? | KevinMD.com. KevinMD asks an interesting question, and goes on to summarize: In a lot of ways, this is similar to the college recruiting of athletes. Schools that have rigorous academic requirements put themselves at a competitive disadvantage athletically. The same could be [...]
Handicare To Acquire Minivator – The Growth Story Continues
Press Release: Handicare takes the next step to success 2 February 2010 – Midlands based Stairlift manufacturer Minivator has signed a deal to become the latest member of the family of companies in the Norwegian based Handicare, subject to regulatory approval. Previously owned by its Directors and Gresham PE, Minivator Group has had an exceptional [...]
National Competitive Bidding For Manufacturers – Surprise?
From Homecare Monday So – surprise surprise – in the latest round of proposals there is one that orders an investigation possibly that manufacturers of homecare products are going to be asked to bid. Of course we have been saying for some time that the traditional supply lines between manufacturers and dealers / distributors / [...]
Permobil Bucks The Trend In The US Market – Again
Permobil has announced that they will be establishing a brand new 120000 sq ft facility in the US – 80000 of this will be dedicated to manufacturing. This comes at a time where National Competitive Bidding, Medicare cuts and China outsourcing are the norm for several wheelchair manufacturers. Lebanon, TN (October 20, 2009) — Permobil, [...]
EDAP Receives U.S. FDA 510(k) Approval for Sonolith I-Sys – Shares Jump On News
France based EDAP has announced 510k approval for it’s new lithotripsy device. Marc Oczachowski, EDAP’s Chief Executive Officer, said, “We are very pleased that the U.S. FDA has granted 510(k) approval for Sonolith I-Sys, which marks a clear milestone for EDAP, further validates our technology and supports our objective to expand the Sonolith I-Sys into [...]
Invacare Sues Drive Medical For Patent Infringement
Invacare is seeking injunctive relief and suing Drive Medical for alleged patent infringement related to it’s bed products as well as it’s rollator. Invacare had previously announced in one of it’s presentations that it would be focussing more on protecting it’s intellectual property and this action may well partially stem from this. As more and [...]
Invacare Stock +31% YTD – US Homecare Market Turnaround
With Invacare shares trading at the psychological level above $20 for the first time (in a long time), far out performing the S&P 500, you have to ask whether the base US homecare market is in turnaround mode (despite competitive bidding, Chinese direct market entrants etc) – or is it just Invacare’s perseverant ability in [...]
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