GN Announces Divestment of Danish Hearing Aid Retailer
GN announced the divestment of Dansk HøreCenter to Demant, aligning with its strategy to focus on independent hearing aid dispenser.
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Demant Announces Annual General Meeting
Demant’s board of directors will be reporting on the company’s activities over the last year, introduce the 2022 annual report, and announce the election for new members to be part of their board of directors.
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Survey Shows Many Unaware of Hearing Loss Comorbidities
New research reveals a discrepancy between Canadians' top aging concerns and their self-care habits. In a recent survey, nearly three-quarters (71%) of Canadians identified memory loss or dementia as their number one health concern as they age. However, the majority (85%) are unaware that untreated hearing loss is associated with comorbidities like dementia and can also have a significant impact on depression and anxiety.
New EuroTrak Study Compiles Data From Spain
Fifty-two percent of Spanish people with hearing loss do not use hearing aids for fear of social rejection. The fact is that the stigma around using hearing aids continues to be the main barrier in Spain today to people with hearing loss not wanting to adapt.
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EHIMA Reports 6.4% Growth in Global Hearing Aid Sales for 2019
As for the current year, due to effects of the coronavirus pandemic, the entire industry has experienced a significant drop in demand.
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Demant Launches High-end Audio Headset Company, EPOS
Demant—the Danish parent group of Oticon, Sonic, and several leading hearing healthcare brands—has launched EPOS, a new high-end audio solutions company that will develop and manufacture headsets used by businesses and gamers.
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Demant Presents Philips Hearing Solutions at 2019 EUHA Congress
Demant has launched a complete range of premium Philips HearLink hearing aids, accessories, and applications which are designed to help people with hearing loss to connect to friends and family, enjoy their favorite music and entertainment, and, ultimately, improve their lives.
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Demant Group Companies Hit by Cyber Attack
Companies in the Demant Group, which include Oticon, Sonic Innovations, and Bernafon, were the victims of a cyber attack that affected their IT infrastructure on September 3. The group was forced to shut down its IT systems across multiple sites and business units to contain the issue last week.
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Philips Hearing Aids Introduced by Demant
The Philips brand portfolio–one of the world’s best known and leading health technology brands–will enter the hearing aid market in a complete range of Philips HearLink premium hearing aids. Demant, the exclusive hearing aid brand licensee of Philips, looks to the potential of addressing new segments on a global scale combining first-class hearing technology with a well-known brand.
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William Demant Reports 6% Growth from Previous Year in 2018 Annual Report
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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Widex-Sivantos EU Merger Application Reopened
The merger is expected to take place in the first quarter of 2019.
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'Bloomberg' Reports Drop in Shares of Three Large Hearing Aid Companies
Shares of three large hearing aid companies—GN Store Nord A/S, William Demant Holding A/S, and Sonova Holding AG—dropped significantly on Monday, according to an article on ‘Bloomberg.’
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‘Bloomberg’ Reports Drop in Shares of Three Large Hearing Aid Companies
Shares of three large hearing aid companies—GN Store Nord A/S, William Demant Holding A/S, and Sonova Holding AG—dropped significantly on Monday, according to an article on ‘Bloomberg.’
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William Demant and Philips Enter into Hearing Aid Branding Partnership
William Demant—parent group of Oticon, Sonic, and Bernafon—has announced a licensing agreement with Philips to bring Philips-branded solutions to hearing healthcare. Combining William Demant’s hearing aid technology with Philips’ global brand presence in healthcare, the cooperation will enrich the hearing healthcare experience and support the healthy lifestyle and active life of even more people with hearing loss, say the companies.
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25 Years of Mergers and Acquisitions in Hearing Healthcare
The hearing healthcare field was recently surprised by the announcement that Widex and Sivantos (formerly Siemens) plan to merge their companies. However, the hearing healthcare industry has always been in constant flux, with many mergers and acquisitions (M&As) during the past 25 years. Here is a select list of industry M&As since 1994.
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Industry Consolidation, Act 2?
It’s possible we will see more major M&As and “Industry Consolidation, Act 2” in the next several years.
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Survival Strategies in a Competitive Hearing Healthcare Market
To formulate any reasonable strategy for thriving in today’s hearing healthcare market, it is useful to understand where we are today, how we got here, and what might come in the future. Part 1 of this 2-part article offers a perspective about how industry consolidation has changed the hearing healthcare market and the current major trends that could influence the future strategies of an independent practice owner.
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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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