Q4 in the UK private market saw a slight dip in sales of 1% compared to Q3 of 2021, which had been a “record quarter,” but the market still saw an overall annual increase in sales of 130k units in 2021, compared with 2020, up by 46% and up by 20% on 2019, according to an announcement from The British Irish Hearing Instrument Manufacturers (BIHIMA).
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More than 2,000 hearing care professionals joined Oticon for the 2022 OticonNext virtual event, broadcast live from Miami on February 24.
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Under the terms of the agreement, Altaris will acquire all outstanding shares of Intricon for $24.25 per share in a transaction that values Intricon at an equity value of approximately $241 million. The purchase price represents a meaningful premium of approximately 39% to Intricon’s closing stock price on February 25, 2022.
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Ashi has upgraded to the latest Signia CROS Pure Charge&Go AX hearing aids, built on Signia’s Augmented Xperience (AX) hearing aid platform that uses two digital processors to intelligently understand which sounds should be pulled to the foreground and prioritized, and which should remain in the background.
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Nuheara Limited announced the opening of a new US operational center and the promotion and hire of key executives John Luna and Tony Sulsona.
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The Group’s performance in Q1 was fueled by sales growth in both wholesale and consumer facing businesses in all regions, the company reports.
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Rayovac announced that it will showcase “a major leap forward in battery power with the launch of its new Sound Fusion Technology” at the 4-day AAA 2022+HearTEC.
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The new facility is located on the 27th floor of the Torre Glòries building – a 38 story skyscraper which marks the gateway to the new technological district of Barcelona.
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Starkey has announced three executive team promotions that emphasize “a renewed commitment to serving its customers and providing the world class service and innovations they have come to expect.”
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Mimi has announced the closing of $25 million in Series B funding. The funding round is led by MIG Capital in a consortium with a larger Munich-based family office and Salvia, the family office of Helmut Jeggle, along with additional German family offices and existing shareholders.
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While uncertainties still exist, the company announced that it believes it has now identified the root cause of the issue, which is related to the manufacturing process and not the design of the implants. The company is currently working on implementing and verifying a solution to the issue to ensure high and consistent process quality, according to its latest announcement.
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Sonova Holding AG, a provider of hearing solutions, announced that as part of medium-term succession planning its Board of Directors will nominate Julie Tay as a new independent Board member for election at the next Annual General Meeting (AGM) in June 2022.
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CareCredit, a Synchrony (NYSE:SYF) solution and provider of promotional financing for patients, announced that it is now integrated into Sycle, a practice management platform for the hearing industry. The new integration is designed to help hearing healthcare practices save time, increase productivity, and provide patients with a financing option that makes it easier to move forward with the care they need for improved hearing health.
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Consult YHN, a network of hearing healthcare professionals, and EarQ will together provide a new level of comprehensive and proactive business support for their customers, according to the announcement.
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Since 2017, Oticon has supported Homes For Our Troops work of building and donating specially adapted custom homes nationwide for severely injured post-9/11 veterans to enable them to rebuild their lives.
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