amplifon telehealth services

Amplifon Hearing Health Care Launches Hearing Aids and App Offering Personalized Support

MINNEAPOLIS, MINNESOTA — Amplifon Hearing Health Care, the leading independent provider of hearing benefit solutions in the U.S., recently launched Amplifon hearing aids and an accompanying app, its latest innovation in hearing health care, and exclusive to health plan members. Members can take advantage of the app in a variety of ways, from personalized usage coaching…

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amplifon survey

New Research Finds Consumers Value Broad Choice and Provider Expertise in Health Plan Hearing Benefits

MINNEAPOLIS, MINNESOTA — Hearing benefits that include access to an extensive hearing aid formulary can play a significant role in ensuring the satisfaction of health plan members, according to two new nationwide surveys of consumers and hearing care providers conducted by Amplifon Hearing Health Care. Key findings from the surveys are presented in a new white…

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amplifon closes elite hearing network

Amplifon to Cease Operations of Elite Hearing Network in US; Company Beats Estimates with Strong Q2 Results

Amplifon released its Q2 2021 results with revenues of €518.6M (~$616M USD), beating estimates. The company indicated the the recurring EBITDA margin up 180 basis points compared to the second quarter of 2019. “We are very satisfied with the excellent results of the second quarter, characterized by an outstanding growth in revenues, more than doubled…

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amplifon acquires bay audio australia

Amplifon to Acquire Australian Hearing Care Retailer, Bay Audio

Hearing care retailer Amplifon S.p.A. has announced that it has signed a definitive agreement for the acquisition of Bay Audio Pty Limited from Peter and Anya Hutson, former founders of Bay Audiology in New Zealand, and from other minority shareholders. The cash-out amounts to AUD 550 million (~$413M USD), on a cash and debt free…

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amplifon acquires otohub

Amplifon Acquires Otohub; Reports Strong Growth in First Half of 2019

MILAN, ITALY — Otohub announced today that it has signed a definitive agreement to become a fully owned subsidiary of the Amplifon Group. Amplifon acquires the Otohub’s assets and IPs, people and customer contracts and Otohub will continue to operate under the Otohub brand. “Gianna and I are very excited by this new chapter for Otohub! In the market there is no better partner…

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amplifon hearing aid profit margins

Amplifon Reports Strong Revenue Growth and Profitability in First Nine Months of 2018

MILAN, ITALY —  The Board of Directors of Amplifon SpA, the world’s largest hearing aid retailer, recently approved the company’s Interim Financial Report, providing insight into its performance so far in 2018. According to the report, the company has witnessed double digit revenue growth and increase in profit margins. Closing of the GAES hearing retail…

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amplifon acquires hearing aid retailer gaes

In Deal Worth Over $600 Million, Amplifon Acquires GAES Group Retail Network; Company Stock Jumps on News

MILAN, ITALY — In a transaction worth €528 million Euros (approximately $617 million USD), Amplifon SpA has reportedly entered into an agreement to acquire the last large, privately-held, hearing aid retail network, GAES Group. Founded in 1949, GAES owns a network of 600 points of sale, with approximately 500 of those located within Spain and the remaining found…

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amplifon hearing aid retail acquisition

Amplifon Eyes Hearing Aid Retail Acquisition Targets Across Europe, Canada; Poised to Enter Chinese Market by Year’s End

MILAN, ITALY — One of the world’s largest hearing aid retailers, Amplifon SpA, is reported to be targeting potential retail acquisitions in Germany, France and Canada and announced plans to enter the Chinese market by the end of 2018. The company, which says it holds approximately 10 percent of the global market, has been focused…

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amplifon hearing aid retail acquisition

Amplifon: Ready to Make “Major Acquisitions” to Maintain Position as World’s Top Hearing Aid Retailer

MILAN, ITALY — The world’s largest hearing aid retailer Amplifon SpA doesn’t plan to step aside while hearing aid manufacturers continue to acquire retailers across the globe. In a July 28 interview by Reuters, the company’s CEO says that Amplifon is ready to make “major acquisitions” in order to bolster the company’s position as the…

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amplifon hearing aid profits increase

Amplifon’s Net Profit Up 49 Percent in First Quarter of 2017

MILAN, ITALY — Major hearing aid retailer Amplifon SpA announced today that the company’s net profits for the first quarter (Q1) of 2017 were up by 49.1 percent over last year. The company, which owns well-known brands such as Miracle Ear and the Elite Hearing Network, also reported overall revenue up from €254.5 million last…

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