Invacare to Sell Medical Supplies Unit to Assuramed for $150M

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Invacare Corporation (NYSE: IVC) and AssuraMed announced today that they havesigned a definitive agreement under which Invacare will sell Invacare SupplyGroup (ISG), its domestic medical supplies business, to AssuraMed for $150million, subject to certain closing adjustments. This divestiture isconsistent with Invacare's focus on its globalization strategy to harmonizecore global product lines and reduce complexity within its business. ForAssuraMed, a leader in wholesale and home-delivered medical supplies acrossthe United States, this strategic purchase allows the company to strengthenits position as a leader in the medical supplies industry.The transaction, which is expected to close in early 2013, is subject toregulatory approval and other customary closing conditions.

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