InnerScope Hearing Technologies Inc. (INND) Announces the Purchase of HearingAssist, Further Boosts its Share of the United States Hearing Aid Market

December 23, 2021

December 23, 2021 13:11:01
  • InnerScope Hearing Technologies recently announced the purchase of HearingAssist, a leader withing the B2C hearing aid market and Walmart’s largest dedicated hearing aid suppliers
  • The acquisition will comprise of gross consideration of $10 million, which will be paid by InnerScope in two tranches of $5 million worth of restricted shares
  • InnerScope will now look to gain market share, a result of both – HearingAssist’s 757 sales sites within Walmart stores and its online e-commerce presence
  • InnerScope have recently launched their product range on FSAstore.com, HSAstore.com, and WellDeservedHealth.com as well as their own e-commerce site, iHeardirect.com
InnerScope Hearing Technologies (OTC: INND), a manufacturer and distributer/retailer of DTC, FDA registered, Bluetooth app-controlled hearing aids and personal sound amplifier products (“PSAPs”), as well as various hearing-related products, has announced the recent acquisition of Hearing Assist II, LLC (“HearingAssist”). HearingAssist, a long established leader in the direct-to-consumer hearing aid market, has sold over 500,000 hearing aids since 2008 and has generated upwards of $72 million in top-line revenues since 2018, transforming into Walmart’s largest hearing aid supplier in the process (https://ibn.fm/kn7pd). InnerScope Hearing Technologies will acquire HearingAssist for a gross consideration of $10 million, comprised of InnerScope restricted shares, subject to a 24-month leak out agreement. The restricted shares will be comprised of two distinct tranches – the first tranche of $5 million will be issued at a fixed price of… Read More>> NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

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