M&A Deal Summary

InnerScope Hearing Technologies Acquires HearingAssist

On October 27, 2021, InnerScope Hearing Technologies acquired consumer products company HearingAssist

Acquisition Highlights
  • This is InnerScope Hearing Technologies’ 1st transaction in the Consumer Products sector.
  • This is InnerScope Hearing Technologies’ 2nd transaction in the United States.
  • This is InnerScope Hearing Technologies’ 1st transaction in Virginia.

M&A Deal Summary
Date 2021-10-27
Target HearingAssist
Sector Consumer Products
Buyer(s) InnerScope Hearing Technologies
Deal Type Add-on Acquisition

Target

HearingAssist

Virginia Beach, Virginia, United States
HearingAssist has sold more than 500,000 hearing aids to nearly 400,000 customers via direct-to-consumer or through retail partners. The company's products are currently displayed in over 757 Walmart’s in five states. In addition, HearingAssist has multiple vendor contracts signed and expansions currently underway with Walmart and other retailers. HearingAssist was formed in 2008 and is based in Virginia Beach, Virginia.

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Buyer(S) 1

Buyer

InnerScope Hearing Technologies

Roseville, California, United States
Category Company
Founded 2012
Sector Medical Products
Employees26
DESCRIPTION

InnerScope Hearing Technologies is a manufacturer and distributor of FDA-registered hearing products and Personal Sound Amplifier Products (PSAPs), dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s products and business model break through the persistent barriers that prevent access to effective hearing solutions. InnerScope Hearing Technologies is based in Roseville, California.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 iHEAR

San Leandro, California, United States

iHEAR is an operator of online direct-to-consumer hearing solutions. iHEAR's products are available online and at major drugstore chains, including CVS. iHEAR was founded in 2010 and is based in San Leandro, California.

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