HearUSA to Siemens: Right back at you! Responding to an SEC filing in which Siemens Hearing Instruments threatened an unfriendly takeover following a dispute over the terms of a loan payment, hearing-aid retail chain HearUSA said it filed a suit in the Supreme Court of the State of New York seeking a declaratory judgment to prevent Siemens from making good on its threat. At the … [Read more...] about HearUSA Lashes Back At Siemens With A Lawsuit And Gets Support From A Principal Investor
Siemens Hearing Instruments
Siemens Considers An Unfriendly Takeover Of Leading Hearing Aid Retail Chain HearUSA
Siemens AG is considering expanding its footprint in the hearing-aid industry with a potentially unfriendly takeover of HearUSA, one of the largest hearing-aid retailers in the United States. Siemens last year moved to exit the industry when it put its Siemens Hearing Instruments subsidiary up for auction but subsequently reversed course and recommitted to its hearing-aid … [Read more...] about Siemens Considers An Unfriendly Takeover Of Leading Hearing Aid Retail Chain HearUSA
As The Economy Turns: Audiology NOW! Exhibitors Promise To Feed Hearing-Aid Market Turnaround With New Products And Technology
I just arrived in beautiful San Diego to attend the American Academy of Audiology's annual conference, Audiology NOW!, which has become the premier North American showcase for new products and technologies from large and small hearing-aid manufacturers. There seems to be a little more excitement from an industry that has been pummeled by the recession and held to … [Read more...] about As The Economy Turns: Audiology NOW! Exhibitors Promise To Feed Hearing-Aid Market Turnaround With New Products And Technology
Let’s Hope Siemens’ Decision To Stay In The Hearing-Aid Business Signals A Commitment To Innovation And New Products
It's pretty certain now that Siemens will not divest its multi-billion-dollar hearing-aid business after all, having tried and failed to get its nearly $3-billion asking price from the private equity firms and other industry players that were in the bidding. It's too bad none of the serious industry bidders would step up to the plate, because new management and an infusion of … [Read more...] about Let’s Hope Siemens’ Decision To Stay In The Hearing-Aid Business Signals A Commitment To Innovation And New Products
Race To Acquire Siemens Hearing Aids Heats Up As Cochlear Ltd. And Synthes Join Fray
Reuters quotes sources saying Cochlear Ltd., one of three global suppliers of cochlear implant devices as well as a leader in bone-anchored hearing aids, intends to join two private equity firms in making a multi-billion dollar bid for Siemens Hearing Instruments, which is being spun off by its parent company. The report also says Synthes, a global medical equipment … [Read more...] about Race To Acquire Siemens Hearing Aids Heats Up As Cochlear Ltd. And Synthes Join Fray