AssuraMed buys Invacare's medical supplies business

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Invacare Corporation has completed the sale of its medical supplies business to AssuraMed for about $150 million, the firm announced. Invacare will retain its equipment business, which includes wheelchairs and respiratory equipment. The medical supplies line that was sold makes incontinence products, catheters, diabetes test strips and related products.

“This divestiture represents a significant step forward for Invacare, and it allows us to continue to reduce complexity in our business, focus on our core product lines and expand globally,” said Invacare President and CEO Gerald Blouch in a news release.