Invacare sells LTC rentals business

Invacare Corporation has completed the sale of its U.S. medical device rentals business for long-term care facilities for $15,500,00 in cash.

The buyer of Invacare Outcomes Management LLC and Dynamic Medical Systems LLC asked not to be identified. Company executives said the sale allows the company to focus on core business, including design, manufacturing and distribution of medical devices.

For the three months ended March 31, 2015, net sales for the rentals businesses were approximately $7.2 million, and loss before tax and any pro forma adjustments was approximately $600,000, the company said.