Altaris Capital Partners to Acquire Intricon for $241 Million
ARDEN HILLS, MINNESOTA — Intricon Corporation (NASDAQ: IIN), an international joint development manufacturer engaged in designing, developing, engineering, manufacturing, and packaging miniature interventional, implantable and body-worn medical devices, today announced that it has entered into a definitive agreement whereby an affiliate of Altaris Capital Partners, LLC, an investment firm focused exclusively on the healthcare industry,…
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Intricon Acquires Emerald Medical Services; Company to Accelerate Restructuring of Hearing Help Express Retail Business
ARDEN HILLS, MINNESOTA — IntriCon Corporation recently released its financial results for the first quarter, ending on March 31, 2020. In addition to the financial report, the company also announced the acquisition of Emerald Medical Services and an “accelerated restructuring”of its Hearing Help Express retail business. “The impact of the COVID-19 pandemic has been extraordinary.…
Read MoreIntriCon Repositions UK Hearing Aid Sales with New Distribution Agreement; Sells Accessory Business Assets of UK Subsidiary
ARDEN HILLS, MINNESOTA — IntriCon Corporation, a designer, developer, manufacturer and distributor of miniature and micro-miniature body-worn devices, announced this week that it has entered into a distribution agreement with Puretone Ltd., a Rochester, UK-based hearing health company with operations in more than 75 countries. Under the terms of the agreement, Puretone will distribute IntriCon…
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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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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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IntriCon Acquires Hearing Aid Supplier, PC Werth; Expands Footprint in UK
ARDEN HILLS, MINNESOTA – the IntriCon Corporation announced in a November 3rd press release that it has acquired the assets of PC Werth, Ltd, a leading supplier of hearing aids and hearing healthcare products in the United Kingdom (UK). As was previously reported by Hearing News Watch, IntriCon has had an exclusive agreement with PC…
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ADA and IntriCon Create For-Profit LLC
LEXINGTON, KENTUCKY — IntriCon, a publicly traded (NASDAQ: IIN) hearing aid manufacturer based in suburban Minneapolis/St.Paul, announced a joint venture with the Academy of Doctors of Audiology (ADA) in a story first reported by the Hearing Review on September 14. The joint venture will operate under the name earVenture LLC and is operated by a…
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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,…
Read MoreHearing aid sales to hi HealthInnovations help put IntriCon back in the black
ARDEN HILLS, MN—While a warning letter from the Food and Drug Administration (FDA) has put a hitch, at least temporarily, in hi HealthInnovations’ (HI) online hearing testing and hearing aid dispensing program, the company that manufactures the devices for HI is thriving. IntriCon Corporation reported that its sales increased by 20% in the first quarter…
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