Market

William Demant purchases French cochlear implant firm, Neurelec

Acquisition

On the 2nd of April, Danish holding company William Demant announced that it has purchased 100% of the shares in French firm Neurelec SA. The total cost of the acquisition was 57.5 million euros.

With this acquisition, the holding company, which also owns the Oticon, Oticon Medical, Bernafon and Sonic Innovations brands amongst others, reiterates its aim of expanding

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New sound processor awaiting regulatory approval

Advanced Bionics (AB), a global specialist in cochlear implant technology has announced that its next-generation behind-the-ear sound processor is now awaiting regulatory approval. Recipients in the United States, Canada and Europe who choose AB will soon have the option to select the next processor and hear with the latest technology when it is available, according to a company statement.

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Phonak Brings Home Gold

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© Phonak

Phonak has been honored with the prestigious Gold Stevie Award for business excellence. The award recognizes companies for their achievements in sales, business development and customer service worldwide. Tara O’Dell, Phonak Director of Customer Care, accepted the top honors in the “Customer Service Team of the Year – Recovery Situation” at the annual awards held in Las Vegas February 25.

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Amplifon: Brilliant growth recorded in North America

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The Amplifon Group posted results which were up slightly with respect to the prior year, which was the best year in the Group’s history. The consolidated revenue for the year reached Euro 846.6 million at December 31st, 2012 with an increase of 2.3%. That was achieved thanks to the brilliant growth recorded in North America (+14.2%),

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2012: Highest sales in a decade

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© KL!K - Fotolia.com

What an impressive year for hearing aid sales in the UK. The total market increased by 7%, with a remarkable 1,221,602 hearing aids being sold by hearing aid manufacturers during 2012. This is the second year on the trot that the UK has experienced a pretty strong sales performance!

Sales to hospitals during the year increased by 7.7%; breaking through

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Not all Canadians seniors get hearing aid subsidies

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© Héctor Landaeta - sxc.hu

Hearing aid subsidies are not created equal in Canada. An investigation by the CBC has found that Manitoba is falling behind other provinces when it comes to subsidizing hearing aids for seniors who are not on income assistance. Eight Canadian provinces and territories provide some level of subsidy for hearing aids, which can cost anywhere from $1,500 to more than $8,000 for seniors who do not qualify for income assistance. In Manitoba, only those under 18 qualify for a payment of 80% of the cost. Some Manitobans, like Veterans and aboriginal Canadians, are covered

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FDA gives approval for ABI clinical trial

The United States Food and Drug Administration (FDA) has given final approval to begin a clinical trial of an Auditory Brainstem Implant (ABI) procedure for children. The trial is a surgical collaboration sponsored by the House Research Institute in partnership with Children’s Hospital Los Angeles and Vittorio Colletti, MD of the University of Verona Hospital, Verona, Italy.

The ABI was developed at the House Research Institute and is

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Audiology Systems adds independent distributors

Industry news

Audiology Systems Inc., a national partnership of industry professionals, audiologists and local audiology and vestibular instrument experts, has added two well-known independent distributors to its company. Acousti-Medical Instruments, led by John Brewer and headquartered in northern California, and AudioMed Inc., led by John Buswold and headquartered in southern California, are now

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New CEO of Phonak Brazil

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©Phonak

Marilisa Zavagli will become the new CEO of Phonak Brazil on April 1, succeeding Pedro Stern who will serve as board chairman. She will also serve as the Brazilian representative on Phonak’s Advisory Product Board in Switzerland.

“By promoting an audiologist to CEO, and the first woman among Sonava’s companies, Phonak has recognized the important role of

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GN Otometrics: Staff changes

Industry news

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GN Otometrics is expanding its financial team. Scott Brewer has been appointed to the newly created position of financial director and Ginger Sharp is the company’s new assistant controller. Brewer will report directly to Uffe Bjerg, vice president of GN Otometrics North America. Sharp will report to Brewer, as will the rest of the finance department. “We are growing rapidly, due to our strong product launches and new distribution model. As a result, we have been adding key staff to support and sustain that growth pattern,” said Bjerg. “Scott and Ginger are

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