Hearing health pioneers Eargo and hearX, maker of Lexie hearing aids, announce that they have completed their merger, resulting in the creation of a combined company called LXE Hearing. Backed by an additional $100 million investment from Patient Square Capital, the deal creates a new hearing health company and is the first notable combination for the over-the-counter (OTC) hearing aid market since the FDA established the regulatory category in 2022. LXE Hearing will operate as one company with its two established consumer hearing aid brands, Eargo and Lexie Hearing.
Read the full article: Eargo and hearX Close Merger, Announce New Combined Company, LXE Hearing //
Source: https://www.prnewswire.com/news-releases/eargo-and-hearx-close-merger-announce-new-combined-company-lxe-hearing-302415915.html