Neuromod Devices Ltd, the Irish medical device company specializing in the treatment of tinnitus, has announced the establishment of Neuromod USA Inc, headquartered in Oak Brook, Ill. Three executives with significant experience in the hearing health industry have been appointed to the Neuromod USA leadership team as the organization prepares to enter the US market with its medical device for tinnitus treatment, pending approval from the Food and Drug Administration (FDA).
Signia has launched its latest hearing aid, the Pure Charge&Go Nx, a new hearing aid that combines wireless inductive rechargeability, exceptional connectivity with Bluetooth, the company's unique Own Voice Processing (OVP) system, and CROS/BiCROS functionality.
Twelve months after the transfer of the Siemens hearing aid business to Sivantos Group, the company announced a successful first year and also introduced Signia, its new co-branded hearing aids. Sivantos reports that it is creating a new stimulus with comprehensive initiatives in an effort to achieve the industry leading market position.
IntriCon Corporation announced that it has appointed Delain Wright as vice president of business development, value hearing health.
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Siemens Hearing Instruments recently held its first “Active Kids and Teens BestSound” training event at its New Jersey facility. Thirty hearing care professionals from around the country attended the two-day meeting, which focused on product solutions and patient counseling geared to children, tweens, and teens.
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Siemens AG is selling Siemens Audiology Solutions unit to the Stockholm-based private-equity firm EQT Partners AB and Germany’s Strüngmann family of entrepreneurs as co-investors. The purchase price is €2.15 billion plus an earn-out component and is subject to regulatory approval.
Read MoreGN Store Nord has announced that it has ended its pursuit of a possible acquisition and merger (M&A) with Siemens’ Hearing, leaving EQT Partners AB as the only (known) remaining bidder. The deal could be announced as soon as tomorrow; however, Siemens could also continue its pursuit of an IPO, as previously announced.
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Permira Advisors LLP has dropped out of the bidding process for Siemens’ hearing division, leaving EQT Partners AB as the unit’s most likely buyer. However, GN Store Nord—maker of ReSound, Beltone, Otometrics, and Jabra headset devices—also remains as a bidder, and Siemens could also continue to pursue a future IPO as previously announced.
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At two independent research sites, sentence recognition in surrounding background noise was found to be significantly superior for individuals with mild-to-moderate hearing loss, when aided with a new binaural beamforming technology, compared to individuals with normal hearing. The performance advantage for the hearing-impaired groups was 2-3 dB SNR.
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Siemens AG is reportedly in advanced talks with at least three potential buyers to sell off its 2-billion euro ($2.6 billion) hearing aid division via a sealed bidding process.
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Siemens Hearing Instruments has introduced its new binax hearing aid platform that reportedly provides hearing aid wearers in cocktail-party-like situations with better speech recognition than people with normal hearing.
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A new study commissioned by Siemens Hearing Instruments suggests that teen hearing loss may be on the rise, with 1 in 6 teens showing hearing loss symptoms often or all of the time, and nearly 9 in 10 engaged in activities that could place them at risk for hearing loss.
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Siemens’ Aspire Rewards Program now offers HearingFUSION Cloud-Based Office Management System as a membership benefit.
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Audiologist Gyl Kasewurm, AuD, says she is convinced independents can and will survive in the era of big box stores in the hearing healthcare market. Her opinion article in the July 2014 Hearing Review explains why.
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The European Hearing Instrument Manufacturers Association (EHIMA) has elected Roger Radke and Lukas Braunschweiler as new president and vice president of the board, respectively.
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EarQ and its technology partners, Oticon, Siemens, and Starkey, recently held exclusive events for EarQ members to discuss the state of the industry.
Read MoreSiemens has announced that it will take Siemens Audiology public as part of a large-scale global realignment of the company.
Read MoreSiemens Hearing Instruments, Inc. has announced partnerships with the Pediatric Brain Tumor Foundation (PBTF) and CancerCare® to bring top-of-the-line hearing aids and audiology services to cancer patients across the country.
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