Sign inMerger of OTC outfits spawns new combined company aiming for cheaper hearing aids
Lexie Hearing was named among the 100 Most Influential Companies by TIME in 2023 for its innovative OTC hearing aid technology and meaningful impact on hearing health. Founded in 2015, hearX technologies are now used in over 70 countries globally for early detection and intervention. Eargo is a medical device company making invisible, rechargeable, complete-in-canal, FDA-regulated devices. What can the merger of these elements bring the market and the patient?
© LXE Hearing
LXE Hearing Executive Management
It's a young coupling with declared values: be bold; be real; be nimble; be curious. Hearing health pioneers Eargo, and hearX, maker of Lexie hearing aids, sum only 25 years between them in the marketplace, but they have announced a merger, the issue of which will be christened LXE Hearing.
"Together, we are going to revolutionise hearing aids and hearing health," says hearX CEO and co-founder Nic Klopper, who will serve as CEO for LXE Hearing. Eargo's COO and interim CEO Bill Brownie will be COO.
They can celebrate the union with financial backing of a $100 million investment from Patient Square Capital.
One company; two brands
LXE Hearing will operate as one company with its two established consumer hearing aid brands, Eargo and ...
This content is only accessible to registered users of the website audiology worldnews
Already subscribed Log in
