Educated consumers in other states are working to change dispensing laws to require more extensive counseling on assistive listening technology and ADA accessibility. Why would they do this if they didn’t see the benefit?
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The measures are being implemented in the UK, Germany, and Canada and are expected to result in a combined reduction in workforce in these markets by about 250 employees.
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EQT funds, owners of Sivantos, and the Tøpholm and Westermann families, owners of Widex, have announced the successful completion of the business combination between Sivantos and Widex. The newly created company will operate under the name WS Audiology and be headquartered in Lynge, Denmark, and Singapore.
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Organic revenue growth was 13% based on what the company said was strong execution in both GN Hearing and GN Audio. EPS increased 15%. With important product launches during the year, GN reports that is “well-positioned for 2019 and beyond.”
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In William Demant’s 2018 Annual Report, the company details consolidated revenue for 2018 of DKK 13,937 million (approximately USD$2.1 billion), corresponding with what they say is a 6% growth rate from 2017. Organic growth was up by 7 percentage points, while acquisitive growth increased by 2 percentage points and exchange rate effects with -3 percentage points.
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The newly created company will be a global leader with a presence in more than 125 markets, combined revenues of more than EUR 1.7 billion (about $1.92 billion USD) and more than 10,000 employees worldwide. All Widex and Sivantos brands will continue to operate with separate sales forces and organizations following the combination.
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Timm, who has served as Chief Operating Officer of the company for the past two years, takes over the role from Steve Mahon, who has stepped down.
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Building upon 80 years of experience in audio technology, AtlasIED’s latest offerings are said to be engineered to meet the most common challenges in today’s commercial installations.
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For the past two years, Taylor served as executive vice president of product management and business development at Listen Technologies. In this new position, he will continue to lead product management and product marketing.
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Owner, President, and Chief Executive Officer of Clear Digital Media, Michele Ahlman, will continue to bring innovative strategies to its customers as CEO.
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In this role, Dillow will build on Beltone’s trusted brand name and leading technology to increase the number of hearing care centers, giving more people with hearing loss access to Beltone’s level of service.
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How to thrive in today’s increasingly competitive hearing healthcare business.
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Inventis Srl announced that it has signed an agreement for a share capital increase underwritten by the Innovative-RFK Spa fund, which thereby will become part of the company with a 30% stake.
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The merger of CVS and Aetna has the potential to dramatically change the provision of healthcare services, in general. Additionally, CVS has been expanding into hearing healthcare with the establishment of dispensing offices, and Walgreens has recently done the same.
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The FOCAS tool is designed to: 1) Actively seek input from both the client and family during the hearing needs and goal setting process; 2) Assess whether these are near- or far-field situations, and 3) Help to determine the optimal solutions for each. This paper by David Crowhen, MAud, and Bettina Turnbull, MAud, describes the survey results, rationale for, and how to use the FOCAS tool.
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