About Invacare
Invacare is a company based in Elyria (United States) founded in 1885 was acquired by Rhone Group in August 2025.. Invacare has completed 2 acquisitions, including Dynamic Medical Systems and Freedom Designs. Invacare offers products and services including Power Wheelchairs and Daily Living Aids.
- Headquarter Elyria, United States
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Invacare Holdings Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$100 M (USD), Post-IPO
Mar 10, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Dynamic Medical Systems
& 1 more
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Acquired by
Rhone Group
(Aug 11, 2025)
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Products & Services of Invacare
Invacare offers a comprehensive portfolio of products and services, including Power Wheelchairs and Daily Living Aids. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Power wheelchairs are provided to enhance mobility and independence for users in home care settings.
Daily living aids are offered to support everyday activities and promote active lifestyles among individuals.
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Funding Insights of Invacare
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $100.0M
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First Round
First Round
(01 Feb 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Post-IPO - Invacare | Valuation |
investors |
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| Feb, 2016 | Amount | Post-IPO - Invacare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Invacare
Invacare has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Rhone Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking firm offering private equity investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Invacare
Invacare has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dynamic Medical Systems and Freedom Designs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Wound care and safe patient handling systems are manufactured.
|
1995 | ||||
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Wheelchairs and seating systems are manufactured for mobility assistance.
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Invacare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Invacare Comparisons
Competitors of Invacare
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Invacare
Frequently Asked Questions about Invacare
When was Invacare founded?
Invacare was founded in 1885 and raised its 1st funding round 131 years after it was founded.
Where is Invacare located?
Invacare is headquartered in Elyria, United States. It is registered at Elyria, Ohio, United States.
Who is the current CEO of Invacare?
Matthew Monaghan is the current CEO of Invacare.
What does Invacare do?
Provider of diversified assistive hardware solutions for people with disabilities. The home care products include rehab products (wheelchairs, scooters, seating and positioning systems), respiratory products (oxygen and aerosol therapy), and standard products (bath safety, walkers, beds). Invacares product portfolio targeting the long-term care market includes beds, furnishings, bathing, mobility, respiratory, dialysis chairs, patient care, transfer, and transport equipment. It has also designed and developed innovative, trademarked and proprietary products (mattresses, wheelchairs, bath lifts, etc.,) keeping in mind the needs of patients with disabilities.
What products or services does Invacare offer?
Invacare offers Power Wheelchairs and Daily Living Aids.
How many acquisitions has Invacare made?
Invacare has made 2 acquisitions, including Dynamic Medical Systems, and Freedom Designs.
Who are Invacare's investors?
Invacare has 1 investor. Key investors include Rhone Group.