Market

War waves and implants jettison fail to dent Demant's good sailing forecast

 

Financials

© Demant

May 3, 2022. An interim Q1 management statement from the Danish hearing group Demant reflects a 13.5m euro Ukraine war hit and the negative impact of divestment of Oticon Medical. Despite the turbulence, a 2022 outlook of 5-9% organic growth remains unchanged.

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Demant's loss is Cochlear's gain as Danish giant jettisons its implant business

 
 

Acquisitions

© Demant/Cochlear

Demant has announced an agreement to turn over its hearing implants business, Oticon Medical, to Cochlear. The price: DKK 850 million (US$122.3m). For the reasons, read on.

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Cochlear Americas appoints new President for the region

 
 

Appointments

© Cochlear

Lisa Aubert, former Vice President of Sales for Cochlear Americas, has this April been promoted to President of this global medical device firm trading from headquarters in Sydney, Australia.

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Watch our space, Widex UK tells audiologists

 

HQs

© Widex

Widex UK has launched a plush new purpose-designed customer experience space in Chester, North West England, aiming to entice visitors from independent audiology businesses to explore the Widex sound and deals during a welcoming business encounter.

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AAA Conference 2022 + HearTech Expo opens Wednesday March 30 - pick up your special Conference print issue of Audiology Worldnews

 

publications

© Parresia

This conference special magazine is a complement to the educational and networking days that begin Wednesday March 30 in St. Louis, a printed portable reference to some of the issues in hearing care today. Congratulations to the AAA on holding its 2022 conference as a physical gathering. Welcome back!

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Tinnitus support boosted by telemedicine team-up

 
 

teleaudiology

© Oto/Treble

A partnership forged between U.S. audiology telehealth company Treble Health, and UK support app Oto, should improve support for people living with tinnitus worldwide.

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Advanced Bionics appeals German court ruling on HiRes Ultra 3D CI patent infringement suit brought by MED-EL

 
 
 

INTELLECTUAL PROPERTY

© aluxum - iStock

Sonova's cochlear implant subsidiary, Advanced Bionics (AB), has announced it is appealing a judgement reached against it by a German regional court that upheld a patent infringement claim brought by the Austria-based implantable hearing technology firm, MED-EL.

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Renewed strong UK and Ireland hearing aid sale stats also reveal unwavering shift to rechargeable battery use

 
 

sales

© BIHIMA

Private sector Hearing instrument sales figures for the final quarter of 2021 show continued UK and Ireland recovery from the pandemic plummet. NHS performance in the UK is also recovering.

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Demant takes 20% of ShengWang clinics network, and in talks to have it all

 

subject

© Demant

The Danish hearing giant Demant has finalised a purchase of 20% of the shares in ShengWang, a leading network of hearing aid clinics in China with around 500 shops across the country. And the manufacturer of Oticon hearing aids says it is in talks to buy the remaining 80% of shares by the end of H1 2022.

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Another acquisition deal concluded for Sonova: Alpaca Audiology

 
 

chains

© Alpaca/Google

It has been a busy week for Sonova, the Swiss multinational hearing care solutions provider behind brands such as Phonak and Hansaton, which has now announced the consolidation of its purchase of one of the largest independent clinic networks in the USA, Alpaca Audiology.

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