The former CEO and Chairman of Invacare Corporation, a global manufacturer of medical products for the home health care market, has passed away at the age of 80.
Malachi ‘Mal’ Mixon III led the buyout of Cleveland-based Invacare in 1979 and transformed it from a small wheelchair maker with $19.5 million in sales into a leader in the home health care industry with $1.5 billion in annual sales, 5,700 employees, 12 manufacturing plants in the US and 18 abroad.
A former marine and Harvard graduate, he worked for several companies before buying Invacare for $7.8 million at the age of 39.
After suffering a mild stroke in 2010, Mixon stepped down from his role as Invacare’s CEO in 2011, but remained Chairman of its board of directors until his retirement in 2015.
In a statement posted on Linkedin, Invacare Chairman Matt Monaghan said: “It is with great sadness that I share Invacare’s founder, A. Malachi Mixon, III, passed away yesterday at the age of 80. Mal was a pioneer in our industry who helped so many people. He led in growth and innovation. He was a tireless advocate of the industry and supporter of providers everywhere. He was an especially strong ally of all those who rely on our products to ‘make life’s experiences possible’.
“Although Mal retired as CEO in 2010 and as Chairman of our Board of Directors in 2015, we recognize his tremendous impact and decades of dedication to making Invacare the success it is today. Our prayers are with his wife and family.”