Eargo Agrees to Pay $34.37 Million to Settle False Hearing Aid Reimbursement Claim Allegations
Eargo, a California based company that sells and dispenses hearing aid devices directly to customers nationwide, has agreed to pay $34.37 million to resolve allegations that it submitted or caused the submission of claims for hearing aid devices for reimbursement to the Federal Employees Health Benefits Program (FEHBP) that contained unsupported hearing loss diagnosis codes.…
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Ally Lending Announces Partnership with Eargo
CHARLOTTE, NORTH CAROLINA — Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc. (NYSE: ALLY), today announced its relationship with Eargo (NASDAQ: EAR), a leading medical device company dedicated to improving the quality of life of people with hearing loss. The agreement “expands Ally’s financing offerings in audiology, a market Ally Lending…
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Eargo Announces Upsized Pricing of Initial Public Offering
SAN JOSE, CALIFORNIA — Direct-to-consumer hearing aid maker, Eargo, Inc., announced today the pricing of its initial public offering of 7,851,852 shares of its common stock at a public offering price of $18.00 per share. In connection with the offering, Eargo has granted the underwriters a 30-day option to purchase up to an additional 1,177,777…
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Eargo to go Public: Company Files for $100 Million IPO
SAN JOSE, CALIFORNIA — Direct-to-consumer hearing aid manufacturer, Eargo, filed on Friday with the SEC to raise up to $100 million in an initial public offering (IPO). In July of this year, the company had announced a $71 million series E financing round “to expand commercialization during a period of accelerated consumer demand” for its…
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Earlens, Eargo and GN Hearing Named 2020 Edison Award Winners
NEW YORK, NEW YORK — Earlens, Eargo and GN Hearing have been named among this year’s Edison Awards winners in the category of ‘Hearing Technology’. Being recognized with an Edison Award considered “one of the highest accolades a company can receive for the successful launch of a ‘game-changing’ new product or service”. The diverse groups…
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Eargo Hires New Executive Talent from Telsa, Apple and Visa
SAN JOSE, CALIFORNIA — Direct-to-Consumer hearing aid maker, Eargo, has announced the addition of three new executive hires: CFO Adam Laponis (from Tesla, Inc.), CMO Shiv Singh (from Visa, Inc., PepsiCo, Inc.), and VP of Software Engineering, Fernando Cruz (from Rappi, Inc., Apple, Inc.). The new hires come on the heels of Eargo’s $52 million…
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Eargo Secures Over $52 Million Investment in Latest Funding Round
SAN JOSE, CALIFORNIA — Direct-to-Consumer hearing aid maker, Eargo, has announced the closing of a Series D funding round of over $52 million. The company will use the resources from its latest investment to “further accelerate product innovation, increase awareness of hearing loss and continue to enhance customer experience while driving growth in the domestic…
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Eargo Hearing Aid Secures $45 Million Investment for Product Innovation and Expansion
MOUNTAIN VIEW, CALIFORNIA — Silicon Valley-based hearing aid maker, Eargo, announced the closing of a $45 million Series C investment round last week. The company, which has been manufacturing and selling rechargeable, direct-to-consumer hearing devices since 2015, will use the investment for “product innovation, market expansion and branding” According to the announcement, the new investment…
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