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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Under the Agreement, the Company will supply Nuheara manufactured and branded products to Sonova and its affiliates worldwide.
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Amptify and Blueprint Solutions have announced a partnership and an integration of their cloud-based audiology software for hearing healthcare professionals.
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The third quarter of this year was a second consecutive record as the hearing instrument market continues to recover from the effects of the pandemic according to an announcement published on the British Irish Hearing Instrument Manufacturers Association (BIHIMA).
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Maintaining the outlook provided at the start of the financial year 2021/22, Sonova expects consolidated sales to increase by 24-28% in 2021/22. Compared to pre-pandemic levels in the first half of the financial year 2019/20, this represents a 2-year compound annual growth rate of 8.5%.
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Citing strong product offerings and pent-up demand for its hearing aids and diagnostic equipment, Demant issued an upgrade in its earnings guidance to investors on November 2.
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Oticon Medical, which constitutes the hearing implants business in the Demant Group, announced that it has decided to take voluntary field corrective action by recalling non-implanted Oticon Medical Neuro Zti implants and to temporarily halt sales of new implants. The recall is entirely related to the identification of performance issues in a small subset of implants, and there have been no reported safety events with the implants, according to the company’s announcement.
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Inventis, a company that develops and manufactures audiology and balance equipment, announced the addition of Quigley Diagnostics as a distributor in New England (MA, MI, RI, CT, VT, NH).
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Weave, an all-in-one customer communication platform for small business, and Sycle, a provider of audiology practice management software, announced the launch of an integration to bring more products and services direct to practices in a simple, streamlined solution.
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According to the company’s announcement, Tuned allows hearing healthcare professionals to gain access to a HIPAA-compliant SaaS platform to schedule appointments, conduct online hearing screenings, earn revenue, and more, all for free.
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