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INVACARE TO PURCHASE UP TO 200,000 SHARES OF COMMON STOCK

 INVACARE TO PURCHASE UP TO 200,000 SHARES OF COMMON STOCK
 ELYRIA, Ohio, April 29 /PRNewswire/ -- The board of directors of Invacare Corporation (NASDAQ/NMS: IVCR), the world's leading manufacturer and distributor of home medical equipment, has authorized the purchase of up to 200,000 shares of its common stock for use as part of the company's contribution to the employee profit sharing plan. These purchases would be made from time to time in the open market or in private transactions, depending on price. There are currently a total of 14.3 million common shares and Class B common shares outstanding.
 "Because of the positive outlook for Invacare and the home health care industry, the recent softness in Invacare's common stock price gives us an opportunity to purchase shares," stated A. Malachi Mixon III, chairman, president and chief executive officer.
 Invacare recently announced record financial results for the first quarter of 1992. Quarterly net income rose 33 percent, compared with the same period last year. Earnings per share were 17 cents, up from 15 cents in the prior year.
 Invacare manufactures and distributes power and manual wheelchairs, respiratory equipment, hospital-type beds for the home, patient aids, three-wheel motorized scooters, and other home health care and extended care equipment. With annual sales in 1991 of $263 million, Invacare is headquartered in Elyria, Ohio. Manufacturing locations include Ohio, Florida, Texas, California, Canada, Mexico, Great Britain, and Germany. Products are distributed through a world- wide network of more than 10,000 medical equipment dealer locations.
 -0- 4/29/92
 /CONTACT: Kathleen Obert (media), 216-329-6696, or Gerald Blouch (investor), 216-329-6190, both of Invacare/
 (IVCR) CO: Invacare Corporation ST: Ohio IN: MTC SU:


KK -- CL002 -- 4160 04/29/92 08:04 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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