Jul. 29, 2011
PARSIPPANY, NJ–Siemens Hearing Instruments submitted a bid on July 27 to buy HearUSA, whose assets go up for auction today in a Chapter 11 bankruptcy auction. Siemens, which was for many years the main hearing aid supplier to HearUSA, bid $75.5 million, of which $7.5 million is in cash. A few weeks ago, Siemens sued HearUSA for money that it