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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IntriCon Announces Record Breaking Year, Poised for Growth

ARDEN HILLS, MINNESOTA — IntriCon Corporation, a leading designer, manufacturer and distributor of miniaturized body-worn devices, including hearing aids, announced financial results for 2017. The suburban Minneapolis company, which provides hearing aids and other components for many distributors, announced record full-year revenue of $88.3 million for 2017, an increase of 30% over 2016. The company…

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intricon hearing aid disruption

Hearing Aid Maker, Intricon, Top Performing Public Company in Minnesota in 2017

ARDEN HILLS, MINNESOTA —  Minnesota-based hearing aid maker, Intricon, has beat out the likes of Target, Best Buy, 3M and others, to become the best performing publicly-traded company in the state this year. The company’s value per share has more than doubled this year to more than $14/share, reaching a market value of approximately $100…

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fda otc hearing aid regulations academy

American Academy of Audiology Board Meets with FDA, Congress, and Private-Payer Representatives

WASHINGTON, DC — Members of the board of the American Academy of Audiology (AAA) conducted meetings last week with the U.S. Food and Drug Administration (FDA), members of Congress, and representatives from the private-payer community. According to an announcement to its membership on October 30th, AAA said its board used the meetings to represent audiology’s…

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medicare hearing aid coverage

Humana Expands Medicare Advantage Hearing Aid Benefit to 27 More States

LOUISVILLE, KENTUCKY — Humana Inc, announced this month that it will be expanding its relationship with TruHearing, to offer hearing aid benefits to more of its Medicare Advantage plan subscribers. Currently, the company has been offering the benefit in Arizona, Arkansas, Nevada, Ohio, Oklahoma, Texas and Washington. In 2018, the company will be offering the…

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Sonova CEO, Lukas Braunschweiler, to Retire; Company Taps Arnd Kaldowski as Successor

STAEFA, SWITZERLAND — Sonova Holding AG, one of the world’s largest hearing aid manufacturers, announced the retirement of CEO Lukas Braunschweiler this week, after serving in the CEO position since 2011. Braunschweiler’s successor, Arnd Kaldowski, will initially join the company as COO on October 1st, before fully transitioning into the CEO role on April 1,…

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gn resound linx 3d hearing aid

After Launch of ReSound LiNX 3D, GN Posts Strong Q2 Results; CEO Says Company to Compete in Upcoming OTC Market

BALLERUP, DENMARK — GN Store Nord A/S announced the results of the company’s half-year financial report on August 17th, noting a 15% revenue growth in the second quarter (Q2), driven by strong performance at GN Hearing and GN Audio. According to the financial report, GN Hearing’s revenues increased by 12% in Q2, with an organic…

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