Company Name: Invacare Corporation
Industry Sector: Healthcare
Company Profile: Invacare Corporation is a leading manufacturer and distributor in its markets for medical equipment used in non-acute care settings. At its core, the company designs, manufactures, and distributes medical devices that help people to move, breathe, rest, and perform essential hygiene.
Company Website: www.invacare.com
- Type of Project: Expansion
- Jobs committed: Approximately 45, with opportunities for more
- Jobs retained: 450
Invacare launched a new product to address the rising global demand for respiratory equipment. The company needs to enhance its manufacturing capabilities to produce the Platinum NXG, a new stationary oxygen concentrator.
“Celebrating our 40th anniversary this year, Invacare has had a long and successful history in Elyria. We are pleased with the high quality of associates with strong manufacturing experience available in the area, and we look forward to expanding and strengthening our presence for many years to come.” – Matt Monaghan, chairman, president, and CEO, Invacare
The global manufacturer and distributor of medical equipment plans to grow at its Elyria headquarters. In its existing facility, the company will build a 10,000 square-foot clean room, a controlled environment with a low level of pollutants.
Invacare cited talent and a business-friendly environment as a reason for choosing Ohio for its expansion. Ohio’s manufacturing talent has the skills to produce the Platinum NXG, while healthcare professionals can continue to oversee design and production.
The company is also evaluating other opportunities which are anticipated to result in approximately 100 additional jobs in its Elyria/North Ridgeville campus over the next three years.
Team NEO, JobsOhio, Lorain County, the city of Elyria, and the Ohio Development Services Agency