Category: Dispensing Networks

Amplifon to Purchase GAES Group for $616 Million

Amplifon SpA has announced its intent to purchase the privately owned GAES Group, Spain’s largest hearing aid distributor, for €528 million (US$616.6 million). “This major acquisition represents a key milestone in the history of our company and perfectly fits Amplifon’s growth strategy, allowing us to consolidate our global leadership and enabling us to become a market leader in Spain, as well as consolidate our market position in Portugal while also entering the Latin American region,” said Amplifon CEO Enrico Vita.

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Etymotic Research Merges with Lucid Hearing/Lucid Audio

Two well-known names and company owners in hearing device manufacturing are joining forces. Etymotic Research Founder Mead Killion announced that his company has merged with Lucid Hearing/Lucid Audio, a prominent hearing aid and PSAP manufacturer owned by Henry Smith, founder of Authorized Hearing Systems (AHS), America Hears, and more recently Liberty Hearing Aids and Lucid Audio.

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Walgreens and Starkey Collaborate on Walgreens Hearing; Unique Expansion Program for Current Practice Owners

Called Walgreens Hearing, the new outlets are unique to the marketplace because they are designed to create new business opportunities for existing dispensing offices to partner with Starkey and serve patients at Walgreens stores in their communities. Walgreens Hearing currently exist in two pilot stores that opened last month in the Minneapolis-St Paul market, with about six others opening in three other states, some by mid-April.

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IntriCon Adds Power-Efficient Wireless Audio Streaming to Its Hearing Devices

IntriCon has taken another major step forward in its hearing aid and hearables offerings—this time adding audio streaming functionality. IntriCon’s and NXP’s R&D teams merged hearing aid engineering and wireless audio streaming semiconductor technology to deliver hearing aid devices that can stream wireless audio from IntriCon’s wireless accessories. It intends to launch this technology—coupled with a remote microphone—into its Direct-to-Consumer (DTC) and Direct-to-Insurance (DTI) channels in the first half of 2018.

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EarQ Adds Ron Gleitman and Catherine Richardson to Team

Big changes are happening in hearing healthcare and EarQ is at the forefront. In addition to redefining its next-level solutions for independent practices, the company has brought on industry-experts, Ron Gleitman, PhD, as vice president of sales and practice development and Catherine Richardson, MA, as outside national sales director.

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US Hearing Aid Unit Sales Increased by 8.7% in 2016

According to HIA statistics, 3.65 million hearing aid units were dispensed in the United States during 2016—or 8.7% more than in 2017. For the private/commercial sector, hearing aid unit sales grew by 10.6% in 2016—a strong follow-up to the 7.8% gains experienced in 2015. However, when accounting for gains by Big Box retailers and other factors, unit gains for most dispensing practices in 2016 were more likely to be around 6%.

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