Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 OR 15(d) of
                       the Securities Exchange Act of 1934

          Date of Report (Date of earliest event reported) May 24, 2007

                              INVACARE CORPORATION
             (Exact name of registrant as specified in its charter)

          Ohio                      1-15103                     95-2680965
(State or other jurisdiction      (Commission                  (IRS Employer
      of incorporation)            File Number)              Identification No.)

          One Invacare Way, P.O. Box 4028, Elyria, Ohio           44036
            (Address of principal executive offices)            (Zip Code)

       Registrant's telephone number, including area code: (440) 329-6000

         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

Item 8.01.        Other Events.

     The Company  recently  became aware of a potential  embezzlement  at one of
Invacare's  foreign  facilities,  which  is  being  investigated  by  the  local
authorities.  The  embezzlement  is believed to have  occurred from January 2005
through  March  2007.  The  Company's   internal  audit  function  is  currently
performing both an internal audit and a forensic audit into this situation.  The
Company carries insurance on employee dishonesty in the amount of $5 million and
believes it will recover the entire  amount of that policy after  completion  of
the  necessary  paperwork.  The  Company  does not  believe  the  impact  of the
embezzlement and the related insurance  proceeds will have a significant  impact
on its financial results,  operations or plans and believes that the appropriate
internal controls were in place but were circumvented by collusion.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                       Invacare Corporation

Date:  May 24, 2007                                    /s/ Gregory C. Thompson
                                                       Gregory C. Thompson
                                                       Senior Vice President and
                                                       Chief Financial Officer