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What: Shares of Invacare
So what: According to a company press release, the FDA has issued a consent decree relating to previously observed violations at Invacare's corporate headquarters and a wheelchair-manufacturing facility in Ohio. Regulators are seeking an injunction until the violations are addressed.
Now what: The news comes at an awful time for Invacare, which had been building a national network for renting equipment for long-term care. Now those plans may have to be put on hold. Do you agree? Would you buy shares of Invacare or any of its peers at current prices? Please weigh in using the comments box below.
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