|
1/6/2010 10:02:47 AM
|
hearing_aid_guru
Posts 25
|
Sonova buys InSound Medical for $75 million
Swiss hearing aid firm Sonova Holding AG (who owns Phonak) said Wednesday it is buying U.S.-based InSound Medical Inc. (who owns Lyric) for $75 million. Sonova said the deal would add a new type of extended wear hearing aid developed by InSound to its portfolio.
Marketed under the Lyric brand, InSound's hearing aids sit deep in the ear canal for months at a time and are virtually invisible from the outside. The company is currently testing a new model that could withstand three swims a week.
InSound is a privately held company based in Newark, California, with sales of some $5 million in 2009, Sonova said.
The Swiss company recently completed a $489 million takeover of California-based cochlear implant maker Advanced Bionics Corp.
|
|
|
|
2/20/2010 7:57:57 PM
|
shiela
Posts 104
|
Great News! I mean if by buying the Insound , means a new advance technology for hearing aids then its advantageous on the part of the consumers or the hearing impaired ones.
edited by shiela on 2/20/2010
--
http://www.badcreditlaptoppurchase.com/
|
|
pages:
1 |
|---|