ELYRIA, Ohio–(BUSINESS WIRE)–Invacare Corporation (NYSE: IVC) today announced that its board of directors authorized the Company to repurchase additional outstanding Company common shares, bringing its overall share repurchase authorization up to 2,500,000 common shares as of the August 17, 2011, board meeting. The authorization has no expiration date and allows the Company to repurchase its shares via open market purchases, privately negotiated transactions or otherwise.
“The Board’s approval of this extension of Invacare’s share repurchase program demonstrates its confidence in management’s ability to maximize shareholder value through its ongoing globalization program,” said Gerald B. Blouch, president and chief executive officer.
Invacare Corporation (NYSE:IVC), headquartered in Elyria, Ohio, is the global leader in the manufacture and distribution of innovative home and long-term care medical products that promote recovery and active lifestyles. The Company has 6,200 associates and markets its products in 80 countries around the world. The Company was named to the 2011 Fortune 1000 list and to the 2010 IndustryWeek U.S. Manufacturing 500. For more information about the Company and its products, visit Invacare’s website at www.invacare.com.
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Invacare Corporation
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Lara Mahoney, 440-329-6393