Medtronic and Sivantos both announce acquisitions of hearing care companies

  ERLANGEN, GERMANY/DUBLIN–Last week was a busy one in the hearing industry’s merger and acquisition front. On March 26, the Sivantos Group (formerly Siemens Audiology Solutions) announced that it would take over all shares in audibene, as part of a strategic partnership and investment agreement with Europe’s largest Internet portal for hearing care case management.The…

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Scott Davis of Sivantos is new HIA chairman

      WASHINGTON, DC—The announcement of the first Unison Hearing Health Global Summit was the biggest story to emerge from the 2015 annual meeting of the Hearing Industries Association (HIA) on March 6, but not the only news. The national trade association of manufacturers of hearing aids and related products elected Scott Davis as…

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ADA and IHS to end separate annual meetings in favor of a Hearing Health Global Summit

    By David H. Kirkwood WASHINGTON, DC—The International Hearing Society (IHS) and the Academy of Doctors of Audiology (ADA) will join forces, under the umbrella of the Hearing Healthcare Education Coalition (HHEC), to hold the inaugural Unison Hearing Health Global Summit September 8-11, 2016, in Chicago. Unison, which starting next year will take the…

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Hearing Industries Association leads an all-out effort for hearing aid tax credit

WASHINGTON, DC—When the Hearing Industries Association (HIA) holds both its biennial Hearing on the Hill and its annual meeting here this week, the trade association will be focused on passage of the Hearing Aid Tax Credit bill (S. 315). Although similar legislation introduced in the past several sessions of Congress has never been enacted despite…

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Sale of Siemens Hearing is a done deal; company is rebranded as Sivantos

ERLANGEN, GERMANY–The sale of Siemens Audiology Solutions to private investors, agreed to on November 6, passed through regulatory scrutiny without a hitch and was finalized on January 15. The purchasers, EQT and the Strüngmann family, paid €2.15 billion (approximately $2.5 billion at the time of closing) to Siemens AG for its hearing aid division, making…

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Bernstein Research is bullish on ReSound; sees it gaining on Sonova and Demant

By David H. Kirkwood LONDON–Bernstein Research, a leading analyst of the hearing aid industry, sees continued growth and higher stock prices in 2015 and beyond for GN Store Nord (GN), parent company of ReSound. However, as the title of its latest report, Hearing Aids: A Review of the Major Sector Trends Going into 2015. Still…

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A rising IntriCon will provide hearing aids to the UK’s National Health Service

By David H. Kirkwood ARDEN HILLS, MN—Hearing care providers are familiar with the world’s “Big Six” hearing aid manufacturers, or at least their flagship brands. That’s only natural, as together Sonova, William Demant, GN Store Nord, Siemens, Starkey, and Widex account for over 90% of the devices sold in the U.S. and Western Europe. However,…

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Geigel named president of Widex USA, as Schutt joins company launching new “audio solution”

HAUPPAUGE, NY—Jeffrey Geigel has been appointed president of Widex USA, Inc., succeeding Rodney Schutt, who resigned on August 25 to become senior vice-president at Turtle Beach Corporation, a San Diego-based developer of audio products. Geigel, a hearing industry veteran, took over the helm at Widex USA, a subsidiary of the Danish-based Widex A/S, on August…

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The hearing aid market is growing slowly. So, what else is new?

By David H. Kirkwood WASHINGTON, DC–Consider all the reasons why hearing aid sales should have risen through the roof over the past decade or two. For one thing, there have been dramatic improvements in technology, fueled largely by the introduction of digital signal processing in the 1990s. Powerful 21st century hearing aid hardware and software…

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New study finds that when hearing loss goes untreated, the cost is astronomical

By David H. Kirkwood LONDON–A report issued July 9 by the British Commission on Hearing Loss further confirms the enormous economic toll that untreated hearing loss takes on those with the condition–as well as the rest of society. It also explores why in the United Kingdom, where hearing aids are free, only 20% of the…

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