Search Results for: Hearing aid sales

Sivantos and Widex Announce Plans to Merge

Sivantos and Widex have agreed to terms for merging the two companies. The combined company—pending what will probably be a long and possibly uncertain regulatory approval process—would position it on par with current global market leaders Sonova and William Demant Holding, with a worldwide market share of around 24-25% and revenues of approximately $1.9 billion.

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FTC Fines Global TV Concepts for Deceptive Claims about MSA 30X PSAP

The FTC has imposed a fine of $47,203,036 against Global Concepts Limited Inc, which will be partially suspended after they pay $500,000 for false advertising claims associated with the MSA 30X personal sound amplification device (PSAP). According to the FTC, the defendants sold nearly 3 million of the devices through 2017, including through retailers such as CVS, Walgreens, and Walmart, generating total sales of $47.2 million.

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